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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsPure Madness: Revenueless, Assetless CYNK Soars Over $5Bn
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
*snip*
That leaves CYNK more "valuable" than all of the following companies...
MORE
- Boy the economy sure is doing well. It's almost like MAGIC! Or, something similar......
Octafish
(55,745 posts)Wait a minute...
The Magistrate
(95,264 posts)"Some men rob you with a six-gun, and some with a fountain pen."
DesMoinesDem
(1,569 posts)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
(14,141 posts)WillyT
(72,631 posts)enlightenment
(8,830 posts)why is this nonsense allowed?
I get that the inmates are running the asylum, but is that all it is?
DeSwiss
(27,137 posts)...it will ALL crash to the ground.
- It's not real, you see? It's all done with smoke & mirrors.......
enlightenment
(8,830 posts)but was hoping there might be a sliver of logic somewhere in this mess.
DeSwiss
(27,137 posts)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
(8,830 posts)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
(27,137 posts)enlightenment
(8,830 posts)If we choose to be - and there's the rub.
Octafish
(55,745 posts)Consolidated Lint.
Amalgamated Dust.
And no Addams, he told Pugsley, had worked a day in 200 years.
flamingdem
(39,336 posts)see the post on the Google exec killed by prostitute where there are 2 references
DeSwiss
(27,137 posts)TreasonousBastard
(43,049 posts)"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.