Pure Madness: Revenueless, Assetless CYNK Soars Over $5Bn

[DeSwiss]

Pure Madness: Revenueless, Assetless CYNK Soars Over $5Bn; Bigger Than GameStop, Cablevision, Jabil Circuit

Submitted by Tyler Durden on 07/10/2014 12:10 -0400



Well that escalated quickly... CYNK Technologies - which we first exposed to the world here - has gone from dumb to dumber. "Traders" just bid CYNK at $18.50 $20.32 this morning (on less than 100,000 shares) meaning this asset-less, revenue-less shell of exuberance now has a market cap over $5.4 $5.9 billion.

*snip*

That leaves CYNK more "valuable" than all of the following companies...



MORE

See also: No Revenue, No Assets, One Employee Company Value Up Over $1 Billion

- Boy the economy sure is doing well. It's almost like MAGIC! Or, something similar......

[Octafish]

1. The only thing sweeter would be to have the taxpayers on the hook if anything goes wrong.

Wait a minute...

[The Magistrate]

2. Pure Madness, Sir, Indeed

"Some men rob you with a six-gun, and some with a fountain pen."

[DesMoinesDem]

3. That stock popped at nearly $22 today and closed at about $14. How long until its back to 10 cents?

Incidentally, owning 210 million shares, the CEO, and only employee, of CYNK, is now among the top 400 richest people on earth.

After making it into the top 400 richest people the CEO lost $2 billion. I feel so bad for him.

[CanonRay]

4. Today's bubble equals tomorrow's crash.

[WillyT]

5. More Here: - K & R !!!

Link: http://www.huffingtonpost.com/2014/07/10/cynk-technology-stock_n_5573862.html?utm_hp_ref=business

[enlightenment]

6. Serious question -

why is this nonsense allowed?

I get that the inmates are running the asylum, but is that all it is?

[DeSwiss]

7. Because if they stop it now......

...it will ALL crash to the ground.

- It's not real, you see? It's all done with smoke & mirrors.......

[enlightenment]

8. Figured as much,

but was hoping there might be a sliver of logic somewhere in this mess.

[DeSwiss]

9. We passed on logic quite sometime ago.

- We chose lasciviousness instead. Capitalism can't work. No monetary system of any kind can. Just like ''written-down rights'' are also phony. Because all it takes is a lawyer's opinion to set aside those rights -- for ''National Security'' reasons, of course.

Only Unconditional LOVE works. Logic can be built on Unconditional LOVE, but Unconditional LOVE has to be the foundation. But there's damn too little of both of them to go around. That's what we have to change. Everything else will change after we do that.....

What is Unconditional LOVE? Ultimately it is respecting the right of every being to its existence.

[enlightenment]

13. Interesting gentleman,

Mr Fresco.

Common sense is never over-rated.

I don't disagree that the world would be a better place if we all practiced unconditional love - or simply unconditional acceptance. I'm not sure that we, as a species, are capable of it.

[DeSwiss]

14. We're capable of more than we can imagine.

[center]A New You?
[/center]

[enlightenment]

16. Of course.

If we choose to be - and there's the rub.

[Octafish]

10. Remember Gomez Addams' portfolio?

Consolidated Lint.

Amalgamated Dust.

And no Addams, he told Pugsley, had worked a day in 200 years.

[flamingdem]

11. This is the second Adams Family reference I've read on DU in 5 minutes

see the post on the Google exec killed by prostitute where there are 2 references

[DeSwiss]

15. Buy, Buy, Buy!

- Sell! Sell! Sell! "Buy Consolidated Lint and sell Amalgamated Dust."

[TreasonousBastard]

12. Fascinating, looks like the old...

"Pump&Dump" from the pre-SEC days.

First, there should be more money around than good investments for it.

Then you create a whole bunch of OTC shares and have your friends buy just enough to pump the price up.

When the price goes up enough, you and your friends start selling to the public. Every penny you get is pure profit.

When the price gets too low, try it again, or just go belly up and move to a country with no extradition.

This is, of course, highly illegal, but it seems we've changed financial regulation to where they it is still highly annoying, but doesn't actually do anything.

This is the Wall Street version of getting 60 grand to make potato salad.

[Oilwellian]

17. Naked shortselling is also quite trendy these days