http://www.cnbc.com/id/101825780
HAHAHAHA THEY'RE DOING IT AGAIN...A social networking company with no revenue and no assets saw its stock soaring Thursday—to a market cap of well over $6 billion at one point. The firm's meteoric rise is so unlikely, that even its last auditor says it defies logic.
HAHAHAHA THEY'RE DOING IT AGAIN...A social networking company with no revenue and no assets saw its stock soaring Thursday—to a market cap of well over $6 billion at one point. The firm's meteoric rise is so unlikely, that even its last auditor says it defies logic.
Penny stock soars to $6B, and even the auditor is perplexed
CNBC.com
A social networking company with no revenue and no assets
saw its stock soaring Thursday—to a market cap of well over $6 billion
at one point. The firm's meteoric rise is so unlikely, that even its
last auditor says it defies logic.
CYNK Technology, which is based in Belize according to an SEC filing and only has one recorded employee, runs a social networking site called IntroBiz. That site says it allows users to "both buy and sell the ability to socially connect to individuals such as celebrities, business owners, and talented IT professionals," but it is not clear how many registered users it has.
CYNK's stock was valued at less than a dime in June, and rocketed to over $20 at one point Thursday morning.
CYNK Technology, which is based in Belize according to an SEC filing and only has one recorded employee, runs a social networking site called IntroBiz. That site says it allows users to "both buy and sell the ability to socially connect to individuals such as celebrities, business owners, and talented IT professionals," but it is not clear how many registered users it has.
CYNK's stock was valued at less than a dime in June, and rocketed to over $20 at one point Thursday morning.
Source: Introbiz.com
CNBC could not reach the company. The phone number
listed on CYNK's SEC filing was answered with a recording that said the
number was unassigned.
"Who knows if insiders are trying to pump it to a high price?" CYNK's last auditor, Peter Messineo, said in a telephone interview Thursday with CNBC. "All I know is that I disassociate from this. ... You issue a report on something and then they pump and dump."
"Who knows if insiders are trying to pump it to a high price?" CYNK's last auditor, Peter Messineo, said in a telephone interview Thursday with CNBC. "All I know is that I disassociate from this. ... You issue a report on something and then they pump and dump."
No comments:
Post a Comment