It was a great start for Takedown Entertainment Inc.(OTC:TKDN). Almost two months have passed with inspiring stock performance. No longer. These days, it is a free fall, one that might soon bring the price back to its August levels. 
Yesterday was no exception – an almost 20% decrease in the stock price, the session closing at $0.73 per share with 291k shares exchanging hands. Just 10 days ago, the stock was trading around $1.30 per share. It is interesting to mention that there has also been heavy inbox bombardment by promoters in the last several weeks. Newsletters were coming on an almost daily basis for TKDN, paid with somewhere between $2 and $20k. This also had its effect on the share price, but as it seems, only until Sept. 20th. Not anymore.
Press releases were also coming on a daily basis, and still continue to do so. Most of them are quite inspiring, yet not enough to stop the negative trend. On the other hand, there is another type of document that is still missing. While Takedown entertainment has been very strict about the 8Ks related to all the recently announced agreements, the 10-Q for the second quarter of 2011 is still not filed. In this aspect, maybe once the SEC filing comes it could be capable of reversing the negative trend, given of course, that figures in it are what traders are looking for. Right now, the ones from the 10-Q with an end-date April 30th are not exactly inspiring: [BANNER]
- $1,829 in cash;
- $5,329 in total current assets;
- $215k in total current liabilities;
- $621k in accumulated deficit;
- $0 in revenues;
- $146k in net loss;
Much has happened since then. There has been many contracts, many agreements. What the stock performance would be in the months to come depends on what the outcome of these agreements would be in terms of financial benefits.
