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Irrational Exubernace
07-10-2014, 01:12 AM #1
Shadow Mrs. Buckwheat
Posts:12,782 Threads:1,182 Joined:Feb 2011
Wow.

Quote:Just 2 days ago we highlighted the best example of the exuberance awash the markets currently - CYNK Technology Corp, the social media development company that had a market capitalization in excess of $1 billion, which according to official filings, had one employee, no website, no revenue, no product, and no assets. Fast forward 2 days - and some 57,000 shares traded (about 0.02% of its total shares outstanding) at around $10 and CYNK now has a market cap approaching $3 billion (and still no revenue, no product, and no assets)...

http://www.zerohedge.com/news/2014-07-09...res-traded

lmao.gif
07-10-2014, 01:29 AM #2
JayRodney ⓐⓛⓘⓔⓝ
Posts:31,286 Threads:1,438 Joined:Feb 2011
Hey Shadow! hug.gif How does that create wealth from nothing work exactly, damn, guess I'll have to read the article. chuckle.gif

wonder.gif
07-10-2014, 01:34 AM #3
Octo Mother Superior
Posts:42,616 Threads:1,469 Joined:Feb 2011
Quote:Cynk Technology Corp., a development stage company, focuses on operating a social network. Its social network is based on showing the types of people the user is connected with and associated. The company intends to serve seekers, who want to meet people; mavens, who know a lot of people; and targets, who are people that other people want to meet. The company was formerly known as Introbuzz, Inc. and changed its name to Cynk Technology Corp. in July 2013. Cynk Technology Corp. was founded in 2008 and is based in Belize City, Belize.

http://investing.businessweek.com/resear...icker=CYNK

blink.gif
07-10-2014, 01:37 AM #4
Shadow Mrs. Buckwheat
Posts:12,782 Threads:1,182 Joined:Feb 2011
Hej sweeties hug.gif

All I can think is money laundering.
07-10-2014, 01:40 AM #5
UniqueStranger Art in my heart
Posts:14,898 Threads:420 Joined:Jun 2012
So, this 'maven' is basically a middle man/woman who will help with data processing...hosting social networking.
07-10-2014, 01:51 AM #6
Shadow Mrs. Buckwheat
Posts:12,782 Threads:1,182 Joined:Feb 2011
(07-10-2014, 01:40 AM)UniqueStranger Wrote:  So, this 'maven' is basically a middle man/woman who will help one person meet a specific type of person, from what I understand. What, specifically, makes this 'maven' and 'expert', at finding the target person?

IRS or CEC auditors? dunno.gif
07-10-2014, 01:51 AM #7
JayRodney ⓐⓛⓘⓔⓝ
Posts:31,286 Threads:1,438 Joined:Feb 2011
(07-10-2014, 01:40 AM)UniqueStranger Wrote:  So, this 'maven' is basically a middle man/woman who will help one person meet a specific type of person, from what I understand. What, specifically, makes this 'maven' and 'expert', at finding the target person?

Sounds like smoke and mirrors to me.

wonder.gif
07-10-2014, 01:54 AM #8
UniqueStranger Art in my heart
Posts:14,898 Threads:420 Joined:Jun 2012
(07-10-2014, 01:51 AM)JayRodney Wrote:  
(07-10-2014, 01:40 AM)UniqueStranger Wrote:  So, this 'maven' is basically a middle man/woman who will help one person meet a specific type of person, from what I understand. What, specifically, makes this 'maven' and 'expert', at finding the target person?

Sounds like smoke and mirrors to me.

It's all quite strange, one employee hosting social networking sites, is what I get from all this. As for the stock activity, that is confusing to say the least, unless they mixed up the letters CYNT with something else? dunno.gif

Wait, I see celebrities flaunted there, so it is more like a social network meeting/introduction place. Strange.

http://www.businessinsider.com/cynk-technology-2014-7

From that article, it would appear there are two companies by that name.
07-10-2014, 02:01 AM #9
Octo Mother Superior
Posts:42,616 Threads:1,469 Joined:Feb 2011
(07-10-2014, 01:37 AM)Shadow Wrote:  Hej sweeties hug.gif

All I can think is money laundering.

That's exactly what I was thinking 13.gif
07-10-2014, 06:22 PM #10
Shadow Mrs. Buckwheat
Posts:12,782 Threads:1,182 Joined:Feb 2011
Quote: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 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 billion.

http://www.zerohedge.com/news/2014-07-10...evision-an

rofl.gif
07-10-2014, 06:42 PM #11
yankees skier
Posts:5,898 Threads:215 Joined:Feb 2011
That's it, I'm going Public, issuing shares next week. chuckle.gif

Ticker YANK

Biere.
07-10-2014, 08:00 PM #12
Shadow Mrs. Buckwheat
Posts:12,782 Threads:1,182 Joined:Feb 2011
(07-10-2014, 06:42 PM)yankees Wrote:  That's it, I'm going Public, issuing shares next week. chuckle.gif

Ticker YANK

13.gif I'd a thought BIER (Brewers Industry Evaluator Regular)
07-10-2014, 09:21 PM #13
yankees skier
Posts:5,898 Threads:215 Joined:Feb 2011
(07-10-2014, 08:00 PM)Shadow Wrote:  
(07-10-2014, 06:42 PM)yankees Wrote:  That's it, I'm going Public, issuing shares next week. chuckle.gif

Ticker YANK

13.gif I'd a thought BIER (Brewers Industry Evaluator Regular)

blink.gifreading.gif

Biere.
07-10-2014, 09:53 PM #14
Octo Mother Superior
Posts:42,616 Threads:1,469 Joined:Feb 2011
We can even make you a company website hyper.gif
07-10-2014, 11:45 PM #15
Shadow Mrs. Buckwheat
Posts:12,782 Threads:1,182 Joined:Feb 2011
And your logo can be a drunk on a blonde horse. I mean a blonde on a drunk horse
13.gif



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