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Carl Azbell
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Dallas Texas based hedge fund manager, and 10 years of investment banking experience.
My company:
Azbell Capital Group
  • Is TagLikeMe The Next Microsoft Takeover? 9 comments
    Nov 2, 2012 11:33 AM | about stocks: TAGG

    Is TagLikeMe (OTCQB:TAGG) the next Microsoft takeover? Well, we don't think, but TagLikeMe would want to make you think so. In fact, my fund Azbell Capital Group and I went directly to the company today to speak with TagLikeMe at their corporate headquarters and were baffled to find that the company headquarters is an office with only a laptop and a box of "junk," for lack of a better term sitting next to their 200 sq foot office front door.

    I originally posted my findings on my youtube channel on October 26; youtube.com/get3percent, but SeekingAlpha disagreed on posting this article because they said it did not meet the criteria for posting because, "We only cover stocks that trade for over $1 on U.S. exchanges unless the market cap exceeds $500M." I wish it had been posted because I warned of the pending TagLikeMe fallout 6 days ago. TAGG is curretly trading down 35%.

    TagLikeMe Headquarters Office Suite

    TagLikeMe Corp., is owner of their most recent promotion TagLikeMe.com, an Internet service platform that combines the most commonly used functions of search and social media interaction in one destination. We browsed the source code of their website to find that when you enter a search term from taglikeme.com, the website then organizes your search and lays it out in a new format, combining results from Bing.com, Google.com & Yahoo.com--but nothing original. In fact, the source code is available here, and you could create the searches for yourself by visiting Bing.com, Google.com & Yahoo.com so in all, TagLikeMe has created an organized redirect from your three favorite web browsers you probably already use.

    Tag Like Me, Corp., incorporated their business some time ago in Nevada, and they list their corporate headquarters as 6060 N Central Expressway Suite 560 Dallas TX 75206, which you can find from their SEC filing, here. We also found that Tag Like Me operates under IRS employer identification number, 201777817 which is the same IRS identification number used in 2006 operating under the business name, Morgan Creek Energy Corporation (OTC:MCKE) which was originally incorporated in 2004--you can read their prospectus here.

    As a fund manager, it always baffles me that investors could let 120M+ shares trade without ever researching a stock. We did play the stock to the upside, and at the time of this article TAGG is trading at 0.32 per share. We put a STRONG short rating on this stock, as we assume no Microsoft takeover would ever take place, and when volume dries up, we put a target of 0.03 for this stock by February of 2013. You can watch the video of my attempt to locate and meet the employees and the company of TagLikeMe, here.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

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Comments (9)
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  • "As a fund manager, it always baffles me that investors could let 120M+ shares trade without ever researching a stock. We did play the stock to the upside, and at the time of this article TAGG is trading at 0.32 per share."

     

    Really?

     

    So you still played the upside? Is this before or after you did your research? Your statement assumes that people buy these P&D for their potential fundamental value.. Common.. most investors play these for what they are. Pump and Dump. Likely the reason you played it.

     

    What should amaze you is how the regulators let this game happen. Until they do it pays to know how the game is played.
    2 Nov 2012, 11:45 AM Reply Like
  • Author’s reply » Always play the upside, and I agree...its always so frustrating to hear all the traders who lose money not knowing how these pump and dumps work. I wouldnt use the word "investors" thou, because it typically implies buy and hold strategies, and it doesn't help that the retail traders out there usually dont have the time or the backing to get in and out of these transactions... don't most people work an 8-5? :) Thanks for your comment, too bad TAGG wasn't short-able! :)
    2 Nov 2012, 12:00 PM Reply Like
  • Author’s reply » Join my Facebook page, its where I post commentary on some of the trades I take. I start posting at the market open and its all FREE. I'll post videos of those trades after the market closes, and shoot me an email if you'd like remote desktop sharing and you can watch live trading for FREE.
    facebook.com/carlazbel...
    azbellcapitalgroup.com
    5 Nov 2012, 10:04 AM Reply Like
  • Why would u go to a records office in Dallas when the Contact Info for Taglike.com is:

     

    Contact

     

    TagLikeMe Corp.
    Third Floor,
    7-8 Conduit Street
    Mayfair
    London W1S 2XF
    England

     

    Tel: +442072906919
    Fax: +442077607227

     

    info@taglikemecorp.com

     

    If your article was on paper, I would crumple it up and file it where it belongs...
    2 Dec 2012, 10:20 AM Reply Like
  • Hey Carl,

     

    Did you ever go to the garage that Apple started in? How about the basement that Dell started in? They were much smaller and dirtier than what I see in your picture. Do you know most successful software applications get written on a couch or in a basement or in an empty building with a laptop? You cannot tell me that you saw the future of this company in an empty building. Did you check with Microsoft, Google, Facebook and others if they are or not interested in taking over this company at the ground level? Did you try TagLikeMe software? Did you like or hate it and why? Come on, I know the stock is 5 pennies now, but all the other successful companies were also same place and they recovered big. Don't judge a package by it's shrink wrap.
    7 Dec 2012, 09:20 AM Reply Like
  • Stock and company was great until the 600million added shares to the float. I got out and will wait until price falls below CEO's buy in price. Its going to take a long long time to get any return on the stock, but Microsoft at one time was considered a Penny Stock after all!

     

    GTLA from Mataeo
    8 Jan 2013, 06:00 PM Reply Like
  • For the past week, I have run several searches on TagLikeMe. The link to the search on BING has quit working. I let them know, and then reminded them a week later. They have done nothing to fix the problem, and have not answered my repeated requests for an answer to when it will be fixed. A legit company would not let this happen. It seems they just took the money and ran. Shame on them.
    21 Feb 2013, 04:05 AM Reply Like
  • Author’s reply » I wanted to get back to this article which I posted back in November. As predicted, TAGG LIKE ME, is now trading at 0.02 per share. My price target was 0.03/share, so it looks like we nailed this one perfectly. I invite everyone to join my facebook page, just search Carl Azbell!
    26 Feb 2013, 06:27 PM Reply Like
  • Here is an ecerpt from the "Notes to the Consplidated Financial Starement, March 31, 2013" for TAGG. Additionally, my review of theIr financial sattements leaves me somewhat skeptical. Is there anything I might be ovelooking?

     

    "The Company commenced operations on October 19, 2004 and has not realized any revenues since inception. As of March 31, 2013, the Company has an accumulated deficit of $15,223,879 The ability of the Company to continue as a going concern is dependent on raising capital to fund ongoing operations and carry out its business plan and ultimately to attain profitable operations. Accordingly, these factors raise substantial doubt as to the Company’s ability to continue as a going concern. The financial statements do not include any adjustments relating to the recoverability and classification of recorded assets, or the amounts of and classification of liabilities that might be necessary in the event the Company cannot continue in existence. To date the Company has funded its initial operations by way of private placements of common stock and advances from related parties. "
    2 Jun 2013, 11:50 AM Reply Like
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