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

[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.