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Thread: A billion dollars worth of.. Nothing..

  1. #1
    Super Moderator LivinLOS's Avatar
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    A billion dollars worth of.. Nothing..

    CYNK Technology: Promoters Push Market Cap To $655 Million Despite $39 In Assets And No Revenue; 100% Downside - Cynk Technology Corp. (OTCMKTS:CYNK) | Seeking Alpha

    The shares surged another 45 or so % yesterday.. I hate to be the one calling the emporers new clothes but this is a company with

    39 dollars worth of assets..

    1 employee..

    No website..

    No product..

    No revenue..

    Valued at over a billion..

    This is simple and total pump and dump.. If this isnt a market in terminal stages of madness and well deserving of the crash thats coming, I have no idea what is.

  2. #2
    Super Moderator LivinLOS's Avatar
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    In hindsight.. I really should have pushed for us to list.. I could trump those number !!

  3. #3
    K2
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    Fair bet that it CYNK's like a stone!
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    Its My Life .....!

  4. #4
    K2
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    Quote Originally Posted by LivinLOS View Post
    In hindsight.. I really should have pushed for us to list.. I could trump those number !!
    Its not too late!
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  5. #5
    K2
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    Wanna start a bank .... if cant beat 'em ....

    Starting a bank costs less than a flat in Chelsea | City A.M.
    Its My Life .....!

  6. #6
    Senior Member slampay's Avatar
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    Who's the underwriter of the pump and dump, and do they trade??

    Ffs, I would throw some dosh at them. Evil/brilliant ...
    A woman won The Nobel Peace Prize? Must have been a pretty good sandwich.

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    kinda puts things into perspective, someone is making good money dumping his stock but he's far from being a billionaire yet

  8. #8
    Super Moderator LivinLOS's Avatar
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    Quote Originally Posted by slimbag View Post
    Avg Vol (3m): 22,869

    kinda puts things into perspective, someone is making good money dumping his stock but he's far from being a billionaire yet
    Yeah tho its only been trading a couple of weeks to drag down the average..

    Killer short though..

  9. #9
    K2
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    Senior Member marc26's Avatar
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    It is an embarassment the exchange has not halted the stock
    Was up another 3+ today

  11. #11
    K2
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    ^ Trading suspended today.
    Its My Life .....!

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    Senior Member marc26's Avatar
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    Quote Originally Posted by K2 View Post
    ^ Trading suspended today.
    Yeah
    Ridiculous they needed an investigative report from CNBC, of all places, to halt it
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  13. #13
    Senior Member Dodger's Avatar
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    Quote Originally Posted by marc26 View Post
    Yeah
    Ridiculous they needed an investigative report from CNBC, of all places, to halt it
    Should have used Twitter???5555555555555
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    Custard should be a colour...cos I could then paint over the mess I've just made!!!

  14. #14
    K2
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    ^ they went old tech .... Facebook!

    Here's What Happens When You Try To Talk To The CEO Of CYNK | Business Insider

    This really is a WTF .... $5 BILLION .... !!!!!!!!!!
    Its My Life .....!

  15. #15
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    Can the promoters be prosecuted for fraud.?

    Or is that industry in its entirety bereft of responsibility and truth?

    And don't give me crap about "caveat emptor" ...
    Sipping from the Fountain of Youth that is Thailand.

  16. #16
    Super Moderator LivinLOS's Avatar
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    SEC Casts Wide Net in Probe of Microcap Stock Cynk - WSJ

    Now down to <50c (still generous)..

  17. #17
    Super Moderator LivinLOS's Avatar
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    Promoter?s Arrest Sheds Light on Cynk?s $6 Billion Surge - Bloomberg Business

    He was also charged with conspiracy to launder $300 million in illicit profit.
    Worth a try I guess..

  18. #18
    Super Moderator LivinLOS's Avatar
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    A $300 Million Layover: CYNK Mastermind Arrested After Phoenix Diversion

    Fuck.. they caught him due to an unscheduled layover !!! That must suck !!

    Today's Lesson: If you ever find yourself with $300 million in illegal gains, don't fly commercial.

  19. #19
    K2
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    For $300 million it was probably worth 'diverting' the flight .... he was greedy and made himself a target ... not much sympathy on this case, somewhat different from the flash crash stitch-up case.
    Its My Life .....!

  20. #20
    Super Moderator LivinLOS's Avatar
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    Quote Originally Posted by K2 View Post
    not much sympathy on this case, somewhat different from the flash crash stitch-up case.
    It would depend very much on how much 'false' he did.. I dont know the details but I find it hard to have much sympathy for people that randomly buy a stock like that, with no assets, no business, no anything..

    Thier greed also..

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