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DeSwiss

(27,137 posts) Thu Jul 10, 2014, 07:54 PM Jul 2014

Pure Madness: Revenueless, Assetless CYNK Soars Over $5Bn [View all]

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...

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......

17 replies

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Highlight:

Pure Madness: Revenueless, Assetless CYNK Soars Over $5Bn [View all] DeSwiss Jul 2014 OP

The only thing sweeter would be to have the taxpayers on the hook if anything goes wrong. Octafish Jul 2014 #1

Pure Madness, Sir, Indeed The Magistrate Jul 2014 #2

That stock popped at nearly $22 today and closed at about $14. How long until its back to 10 cents? DesMoinesDem Jul 2014 #3

Today's bubble equals tomorrow's crash. CanonRay Jul 2014 #4

More Here: - K & R !!! WillyT Jul 2014 #5

Serious question - enlightenment Jul 2014 #6

Because if they stop it now...... DeSwiss Jul 2014 #7

Figured as much, enlightenment Jul 2014 #8

We passed on logic quite sometime ago. DeSwiss Jul 2014 #9

Interesting gentleman, enlightenment Jul 2014 #13

We're capable of more than we can imagine. DeSwiss Jul 2014 #14

Of course. enlightenment Jul 2014 #16

Remember Gomez Addams' portfolio? Octafish Jul 2014 #10

This is the second Adams Family reference I've read on DU in 5 minutes flamingdem Jul 2014 #11

Buy, Buy, Buy! DeSwiss Jul 2014 #15

Fascinating, looks like the old... TreasonousBastard Jul 2014 #12

Naked shortselling is also quite trendy these days Oilwellian Jul 2014 #17