Shares in the previous Awesome Penny Stocks promotion, TagLikeMe Corp. (TAGG), are planning to make some major stock moves according to their recent SEC filing. Falling far from their 0.4799 high set on October 26th, TAGG stock is trading higher than it’s recent counterpart, Superior Venture Corp. (SVEN) and with the same number of trades at present as Sunpeaks Ventures (SNPK). For those traders who have been involved with the good and the bad, many are aware that tomorrow marks the one year anniversary from when North Springs Resources (NSRS) shares began trading which put APS on the map.
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TAGG Stock Chart
Market Cap: 16.22M
Last: 0.049, no change
Dollar Volume: $137,872
Average Trade Size: 20,946
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According to the mid-day 8-K filed (see here), on December 19, 2012, the Board of Directors of TagLikeMe Corp. authorized an increase in the Company’s shares of common stock to 1,000,000,000 shares, par value $0.001. The likelihood of some toxic financing agreements, similar to the one Sunpeaks Ventures recently agreed to with TCA Global Masterfund, are sure to be on the horizon which would all but eliminate any chance for bounce plays and mini-momo runs.
About TAGG Stock
TagLikeMe Corp., through its subsidiary, Glob Media Works Inc., provides Internet cloud based software application related to online search and social media. Click here to view the SEC filings for TAGG.
Bottom Line: TAGG was initially covered by us in late September and looked to be a penny stock with some potential. However, potential or not, once APS got hold of TAGG stock, the gains were quick and its now time for it to go night night.
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