“A new big pick” – does it sound familiar Well, it should, since promotions are quite common in the penny stock universe, one which Takedown Entertainment Inc.(OTC:TKDN) is part of. What this leads to – this question would be answered once the session today is over. 
That`s right – there is a promotion at hand. Not one, there are a lot of promotions that came out yesterday evening. Some paid with $120k by a third party shareholder, set to affect trading activity today. In the meantime, there is also a press release from yesterday. An announcement from Takedown which did not have much of an impact on the session this Thursday. A total of 74k shares exchanged hands as the stock price increased with just over 2%, the session closing at $0.39 per share.
Now, it is important to mention that Takedown Entertainment is no stranger to promotions. Several dozens have been sent in the last two months. Yet, the stock performance is not exactly optimistic. A little less than a month ago, the stock traded above $1 per share. Now, it has fallen below $0.4 per share. Whether the situation could change for the better remains to be seen. One possible catalyst for a stock price accumulating value could be a better-looking balance sheet. The last financial statement for Takedown covers a period with an end-date April 30th this year. This means the next quarterly statement should be expected soon. Whether figures in it would be of benefit to the stock is another matter entirely. [BANNER]
In the meantime, a trading hype might be at hand, given the number of promotions sent yesterday. As usual in the penny stock world, there are some opportunities for profit, but there is also uncertainty; thus a level of risk which not all traders might be comfortable with.
