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Pure Madness: Revenueless, Assetless CYNK Soars Over $5Bn; Bigger Than GameStop, Cablevision, Jabil Circuit

Tyler Durden's picture




 

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.

 

This means our "price target", purely on fundamentals of course, was hit in less than a few hours:

 

That leaves CYNK more "valuable" than all of the following companies...

Incidentally, owning 210 million shares, the CEO, and only employee, of CYNK, is now among the top 400 richest people on earth.

As a reminder, this idiocy is a glimpse of what the Fed's central planning has done to the S&P 500.

 

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Thu, 07/10/2014 - 11:11 | 4943338 buzzsaw99
buzzsaw99's picture

wow, the half-life of recent (bullshit) ipos is down to less than a year

potbellied ipos - lulz

Thu, 07/10/2014 - 11:13 | 4943356 THX 1178
THX 1178's picture

Less than a month tbh.

Thu, 07/10/2014 - 11:16 | 4943365 SoilMyselfRotten
SoilMyselfRotten's picture

MOAR MOAR MOAR, how do you like it, how do you like it....

Thu, 07/10/2014 - 11:32 | 4943420 AlaricBalth
AlaricBalth's picture

Cynk is an illusion. Operates out of a Regus Virtual Office in Las Vegas. The company's 2011 and 2012 auditor, Peter Messineo, CPA,  was sanctioned by the Public Company Accounting Oversight Board for "deficiencies identified in both of the audits reviewed included deficiencies of such significance that it appeared to the inspection team that the Firm, at the time it issued its audit report, had not obtained sufficient competent evidential matter to support its opinion on the issuer's financial statements." 

The CEO Marlon Sanchez claims in his bio to have been the primary spokesperson for the Medical Tourism Industry council in Tijuana,Mexico. Yet after a few phone calls, the organization doesn't exist. Sanchez is a front man.

The company's lead counsel, Harold Gewerter, is notorious for representing pump and dumps and allegedly placed one of his paralegals into the position of CFO of one of his client companies (SEFE).

"First Gewerter‘s firm creates a shell, then they install one of their own as CFO, but now what? By the end of 2008, SEFE (fka MDCL) has still not generate a dime in revenues, and has only$272.00 in the bank. By the end of 2009, according to their 10K, the company still has no revenues and only $11 remains on the balance sheet.

"Gewerter has been practicing law since 1979, and his business appears to be almost entirely securities law and litigation. The Las Vegas law firm of Harold P. Gewerter is connected to many penny stocks, including two that seem to do nothing more than create and promote more reverse merger trash! Check out the website for Gerwerter’s Crown Equity Holdings (CRWE) a one and a half cent special, and under a penny pinksheeter Public Company Management Corp (PCMC). However, Harold is most well known for his role as John Edwards‘ attorney in the CMKM Diamonds (CMKX) scam."

https://buyersstrike.wordpress.com/2012/04/24/the-mass-psychology-of-suc...

http://www.siliconinvestor.com/readmsg.aspx?msgid=28112150

Thu, 07/10/2014 - 11:32 | 4943449 gh0atrider
gh0atrider's picture

It's different this time.  You wouldn't understand anyway.

Thu, 07/10/2014 - 11:40 | 4943501 CH1
CH1's picture

This has to be the icon of the age.

Thu, 07/10/2014 - 11:42 | 4943508 Vampyroteuthis ...
Vampyroteuthis infernalis's picture

Short of the century if you willing to wait a few weeks ..... months...... maybe years?

Thu, 07/10/2014 - 11:46 | 4943524 synergize
synergize's picture

Efficient markets!

Thu, 07/10/2014 - 11:56 | 4943568 dontgoforit
dontgoforit's picture

Is Madoff still alive?

Jon Corizine just found a new way to pay back the missing $1.2bn.

Thu, 07/10/2014 - 11:59 | 4943578 flacon
flacon's picture

Damn! No options available for this stock. If there were I'd buy puts and just hold to expiry. It's either lose all or win a million $! 

Thu, 07/10/2014 - 12:06 | 4943620 dontgoforit
dontgoforit's picture

Here's a piece of what this company is supposed to be about:

The company's stock, which the folks at ZeroHedge first alerted us to, has gone from $0.10 on June 17 to $14.71 as of Wednesday's close. At its current stock price, the company's market cap is $4.29 billion.

This is a gain of more than 24,000%. For some perspective, Apple, one of the most successful companies and stocks of the last generation, is up about 18,000% since it went public in 1980.

But there is, as you could imagine, a slight problem with CYNK: It's not clear if there's any value to it.

The website associated with the company is introbiz.com. On introbiz.com, under the "About IntroBiz" section, it states that, "Thru our marketplace you may both buy and sell the ability to socially connect to individuals such as celebrities, business owners, and talented IT professionals."

This premise, as we understand it, is basically a Facebook-like social network where you would pay IntroBiz (or CYNK, or whoever), to connect you with someone else.

Maybe someone cool or famous. Who knows?

Read more: http://www.businessinsider.com/cynk-technology-2014-7#ixzz375A8V1Aq

Thu, 07/10/2014 - 13:00 | 4943918 fx
fx's picture

Zh as well as others seemingly just trapped quite a number of pretty dumb folks into a giant short squeeze by alerting them to CYNK. And if people keep piling in on the short side who have no clue how a stock with no exchange traded options behaves, then I wouldn't be surprised to see it hit triple digits. Sure, the business is worth zero and will ultimately the stock will trade accordingly. But before that, lots of bears and bulls will get slaughtered along the way.

Thu, 07/10/2014 - 13:13 | 4944000 SamAdams
SamAdams's picture

Yes and no.  Yes, the publicity has put on a squeeze, No, ZH'rs are not buying.  But, we would short this bitch into oblivion if shares were available.  The naked short will be huge...

Thu, 07/10/2014 - 14:41 | 4944232 AlaricBalth
AlaricBalth's picture

Marlon Sanchez is gone. Javier Romero is the new CEO after CYNK's corporate  move to Belize. Corporate counsel Harold Gewerter is still on board and is probably running this charade from Vegas. What doesn't jive is the fact that Sanchez resigned on 2/20/2014, yet signed, as CEO, a Form 15 on April 10, 2014. Called the corporate office number, 305-705-5057, which is a Miami cell phone, and got a message to leave a voicemail. The corporate office in Belize, Coney Drive, Suite 400, Belize City, was formerly a company called Strategem FX, Ltd, an offshore broker/bucket shop which lost its license to provide international financial services, according to the Belize International Financial Services Committee.

https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf?id=122456

INFORMATION AND DISCLOSURE STATEMENT

*THIS STATEMENT HAS NOT BEEN FILED WITH FINRA OR ANY

OTHER REGULATORY AGENCY

All information contained in this Information and Disclosure Statement

has been compiled to fulfill the disclosure requirements of Rule 15c2-11 (A) (5)

promulgated under the Securities Exchange Act of 1934, as amended. The

enumerated captions contained herein correspond to the sequential format as set forth

in the rule.

Item 1: The Exact Name of the Issuer and its Predecessor.

Cynk Technology Corp., formerly Introbuzz (hereinafter

referred to as the "Issuer" or the "Company")

7. Has the Issuer had a change of control? On October 18,2011, John Kueberresigned as President, Secretary, Treasurer and director and Kenneth Carter was elected President, Secretary, Treasurer and Driector. On April 17, 2013, Kenneth Carter resigned as President, Secretary, Treasurer and Director and Marlon Sanchez was elected President, Secretary, Treasurer and Director. On February 20,2014, Marlon Sanchez resigned as President, Secretary, Treasurer and Director and Javier Romero was elected President, Secretary, Treasurer and Director. Javier Romero is the President, CEO, Secretary, Treasurer, and Director of Cynk Technologies, Inc. Since 2009 Mr. Romero has been a Fisheries Officer for the Government of Belize based out of Belize City. The following table sets forth the ownership for each class of equity securities of the Issuer owned beneficially and of record by all directors and officers of the Issuer as of March 31, 2014. Name and Position Common Stock % Owned Javier Romero, 210,000,000 72% Pres, Sec. Treas. and Dir.
Thu, 07/10/2014 - 13:37 | 4944102 Tall Tom
Tall Tom's picture

I would not touch this with a 10 foot pole much less your pole.

 

Getting involved in a scam to steal, whether it is on the long side of the trade, or, on the short side of the trade, is immoral.

 

This is an empty shell made up of hopium pressed imaginarium. It is a lie from Hell.

 

PRINCIPLES BEFORE PROFITS. When will they learn?

 

(Today my next door neighbor's kid asked me for $824 to bail out a storage locker. This just happened about a Half hour ago. It seems that his estranged wife had continuously lied to him about the bill being paid. Dishonesty only breeds loss and anguish. The lie will cost them. They deserve to lose the contents. Perhaps they will learn. Perhaps not.)

Fri, 07/11/2014 - 06:33 | 4946537 Titus
Titus's picture

Yep. That's why Jordan Belfort is rotting in jail right now for running the same scam...oh wait, he's out living free and clear and wealthy. He had a lot left stashed despite the court proceedings and imprisionment. These guys are working with the majors, either money laundering or avoiding taxes. The little guys are just caught up for the ride. Morality doesn't enter the picture.

If you are interested, Belfort is charging $2-4k for his "straight line" sales course. Of course he's remorseful, yet somehow still driving a porche and wearing a gold watch.

jordanbelfort.com

Thu, 07/10/2014 - 12:07 | 4943623 Save_America1st
Save_America1st's picture

this guy has discovered the perfect business model. /sarc

So he's super rich now (on paper, right).  Who in the hell is ever going to buy all that stock off him so that he can realize those gains???

***This guy's going to jail some day soon, isn't he?

Thu, 07/10/2014 - 12:17 | 4943665 rehypothecator
rehypothecator's picture

Well, 100k shares at $20 is 2 million.  It's not 5 billion, but it's a start ... and he has a lot more shares where those came from.  

Thu, 07/10/2014 - 12:21 | 4943687 dontgoforit
dontgoforit's picture

Maybe a 'Fed-like' supply.

Thu, 07/10/2014 - 12:24 | 4943698 Manthong
Manthong's picture

No options on this pig?

Boy, it will be a bloodbath when the criminals reset the price at a buck (or less)..

Thu, 07/10/2014 - 13:01 | 4943927 fx
fx's picture

If there were options I would short it. Since there aren't any a prudent risk management approach says to stay away as far as possible.

Thu, 07/10/2014 - 16:44 | 4944878 Zerozen
Zerozen's picture

Paging Tim Sykes, paging Tim Sykes please...

Thu, 07/10/2014 - 13:44 | 4944133 laomei
laomei's picture

You don't need to sell the stock at all, what you do is you take out loans against the stock.  Then you simply do no repay the loans and the sucker bank who gave you the loan takes the stocks which are entirely worthless.   Nifty eh?

Thu, 07/10/2014 - 17:31 | 4945012 MayIMommaDogFac...
MayIMommaDogFace2theBananaPatch's picture

What are you left with?  I guess I'm missing something here.

Fri, 07/11/2014 - 00:18 | 4946277 laomei
laomei's picture

You are left with a giant pile of money.  The banks is left with worthless stocks.

Thu, 07/10/2014 - 13:16 | 4944019 thamnosma
thamnosma's picture

A bit frustrating since one is assured this POS will crash only the timing is risky.

Thu, 07/10/2014 - 12:03 | 4943597 Freddie
Freddie's picture

With that market cap - they can now hire Goldman and learn how to really steal.

Thu, 07/10/2014 - 12:22 | 4943690 dontgoforit
dontgoforit's picture

Hell, it probably is Goldman!

Thu, 07/10/2014 - 11:42 | 4943504 max2205
max2205's picture

20.50....6 bill and counting

Thu, 07/10/2014 - 15:41 | 4944653 max2205
max2205's picture

40% from high now at 13

 

Tyler killed the golden goose

Thu, 07/10/2014 - 11:42 | 4943507 Chief_Illiniwek
Chief_Illiniwek's picture

"You wouldn't understand anyway."

 

You're right.  I've just never had the time to earn a money-laundering degree from one of the various online-universities that adviertise on cable TV.

Thu, 07/10/2014 - 11:42 | 4943510 AlaricBalth
AlaricBalth's picture

On April 10, 2014 CYNK filed a Form 15, which is a suspension of duty to file reports. So basically CYNK is going dark.

e. Rule 12h-3 suspends reporting obligations at any time during an issuer’s fiscal 

year upon filing with the SEC a certification of termination on Form 15, if the following conditions 

are satisfied:

The issuer is current in its Exchange Act reporting obligations;

The issuer has fewer than (1) 300 record holders; or (2) 500 record holders and assets not

 exceeding $10 million on the last day of each of the issuer’s three most recent fiscal years 

 (the “Second Test”); and

During the fiscal year for which the issuer seeks to suspend reporting (and if the issuer is

 relying on the Second Test during the two preceding fiscal years) the issuer did not have (1) 

 a Securities Act registration statement relating to the subject class of securities become 

 effective, or (2) a registration statement that was required to be updated by Section 10(a)(3) 

 of the Securities Act2

"A filing with the Securities and Exchange Commission (SEC), also known as the Certification and Notice of Termination of Registration. It is used by publicly traded companies to revoke the registration of their securities. SEC Form 15 may also be used to notify the SEC and investors of a company's intent to cease filing various required forms because their securities no longer fall under certain filing requirements." 

Thu, 07/10/2014 - 11:50 | 4943534 dontgoforit
dontgoforit's picture

Sounds lke if they close shop next week they will not have broken any 'law.'

Thu, 07/10/2014 - 11:31 | 4943451 Agent P
Agent P's picture

Are you saying Sanchez is dirty? 

Thu, 07/10/2014 - 12:16 | 4943658 Save_America1st
Save_America1st's picture

good one.  Dirty Sanchez Pump and Dump, LLC.

Thu, 07/10/2014 - 11:36 | 4943470 KnuckleDragger-X
KnuckleDragger-X's picture

By the new and improved rules of the market you've just described the perfect investment.

Thu, 07/10/2014 - 11:55 | 4943563 ejmoosa
ejmoosa's picture

Now if we could just get the DJIA and the SP 500 to add them, we could really get these markets moving.

 

And to think the SEC put the halt on Growlife (PHOT) for rising from .14 cents to .54 cents....because the investors needed protection.

Thu, 07/10/2014 - 11:56 | 4943569 Oldwood
Oldwood's picture

If they are worth this much without earning a dime, imagine what they will be worth if they make money! The bet of the century. Gamblers absolutely love this shit!

Thu, 07/10/2014 - 12:10 | 4943635 IANAE
IANAE's picture

there's no bet if no one's buying when the time comes... either before or after the SHTF... in other words, don't bet against the house.

Thu, 07/10/2014 - 12:16 | 4943661 Oldwood
Oldwood's picture

I don't think the gamblers believe you.

Thu, 07/10/2014 - 11:41 | 4943499 BuddyEffed
BuddyEffed's picture

Next thing you know, CYNK will be buying treasuries, and out purchasing Belgium.

Thu, 07/10/2014 - 12:01 | 4943582 flapdoodle
flapdoodle's picture

Oh ye of little faith! What you don't know is that CYNK has a FOOLPROOF business plan. Its GUARANTEED to make money, and will revolutionize commerce.

Get this: CYNK is going to... sell dog food and pet supplies over the internet!

Thu, 07/10/2014 - 12:24 | 4943703 kchrisc
kchrisc's picture

This Ashkenazi Gewerter must have friends in high places to enable him to get this stock so high.

Looks like some "connected ones" may be cashing out.

Big ass warning light and klaxon horn screaming "get out" now while you still can.

Thu, 07/10/2014 - 12:31 | 4943726 Cacete de Ouro
Cacete de Ouro's picture

CYNK sounds like a CIA money laundering scheme using cutouts as the executives/actors in the scheme and the shell company as the vehicle. Maybe all these associated pump and dump companies are CIA fronts also. Wouldn't be surprising. Sanchez may be a long standing cutout.

Funny if ZH has stumbled on to a CIA washing op.

Thu, 07/10/2014 - 13:20 | 4944036 thamnosma
thamnosma's picture

A few years ago I read some "expose" regarding exactly that activity.  Right now I can't recall the names, but it included operators of a known website (a financial one with message boards for various promoted stocks and such) and known individuals in the Virginia area literally with connections to the dark side.

Thu, 07/10/2014 - 13:43 | 4944130 Tall Tom
Tall Tom's picture

I posted my suspicions about the CIA and CYNK on the thread about CYNK yesterday.

 

I agree.

Thu, 07/10/2014 - 14:39 | 4944397 kchrisc
kchrisc's picture

You are so correct.

I think that like the East Germans, we, the American people, will be shocked when these criminals fall and their REALLY dirty laundry comes to light. One thing that I think that we will find is how much the CIA owns and controls the DC US economy and how much of the American country the DC US pols and crats have sold off to foreigners.

 

“I’m selling shares in my guillotine. Returns will be head and shoulders above anything else you can invest in.”

Fri, 07/11/2014 - 00:23 | 4946288 kiwidor
kiwidor's picture

CYNK = sink.   well spotted.

Thu, 07/10/2014 - 12:50 | 4943853 konputa
konputa's picture

Sanchez. Dirty dirty Sanchez.

Thu, 07/10/2014 - 13:07 | 4943973 Government need...
Government needs you to pay taxes's picture

I bet you cant find a borrow to short this.  The business sounds as legit as ACLN (former ticker ASW, which was eventually affectionately known as 'asswipe').  ACLN was a company whose revenue was derived from used car sales in Africa.  Of course it was a complete sham, and the 26-year old CFO took the fall.

Apparently in today's market, one doesn't even need to fake some revenue to become a fiat-denominated paper billionaire.

Thu, 07/10/2014 - 13:21 | 4944044 thamnosma
thamnosma's picture

Sanchez can't really cash in all those shares but no doubt he's been selling the entire run-up.  Question is who the hell is buying?

Thu, 07/10/2014 - 13:48 | 4944148 Tall Tom
Tall Tom's picture

Perhaps it is the pawnbroker downstairs from me? Or people like him?  He plays that Penny Stock Market and gambles.

 

He cannot read a Chart and understand rudimentary Technical Analysis, a pigeon for the plucking.

 

And yes he gets plucked.

Thu, 07/10/2014 - 11:26 | 4943425 max2205
max2205's picture

I put 1k on it and made 40k...thanks 

Thu, 07/10/2014 - 12:14 | 4943452 dontgoforit
dontgoforit's picture

Ponzified.  Good on you, Max2205.

Thu, 07/10/2014 - 11:33 | 4943454 Freddie
Freddie's picture

I just scored 100 shares!  It is the new Tesla for whatever they do.

Thu, 07/10/2014 - 13:53 | 4944163 Tall Tom
Tall Tom's picture

I hope that you are jesting.

 

Don't participate in frauds.

 

Place your Principles before Profits.

 

That is the way to slay the beast which has been raping America and destroying honest investments, people, and families.

Thu, 07/10/2014 - 11:17 | 4943376 pods
pods's picture

Did they spend $39 dollars (their assets) on one, slightly used sock puppet as a mascot?

pods

Thu, 07/10/2014 - 11:18 | 4943381 MidwestJester
MidwestJester's picture

They bought a sock, but I don't think it's for puppetry....

Thu, 07/10/2014 - 11:23 | 4943411 buzzsaw99
buzzsaw99's picture

Hell that's nothing TWTR is a $22B company bitchez. HAHAHAHAHAHA!!!

Thu, 07/10/2014 - 11:26 | 4943426 CPL
CPL's picture

FASB removed the leverage requirements for working capital years ago, so a sock puppet is pushing it.  It's probably a half empty bic pen someone had on them at the time of signing, christ help them if they ever lose that pen.  Company might be worthless....oh wait.

Thu, 07/10/2014 - 12:09 | 4943636 Groundhog Day
Groundhog Day's picture

Does anyone here remember TGLO (the globe .com - opening week goes from 10 or 15 to 100)

Thu, 07/10/2014 - 11:33 | 4943460 dontgoforit
dontgoforit's picture

Yeah - he's called B. Soetoro.

Thu, 07/10/2014 - 12:06 | 4943614 Groundhog Day
Groundhog Day's picture

Marlon Sanchez must be the smartest CEO on the planet to pull this off.  i wonder if he ha some friends over at GS that will allow him to naked short sell the piss out of this crap and make a fortune on the way down. for us unconnected folks, their are no shares available to short

Thu, 07/10/2014 - 13:23 | 4944048 thamnosma
thamnosma's picture

Did you give it a shot and nothing was available?   It's such an obvious call.

Thu, 07/10/2014 - 12:11 | 4943645 booboo
booboo's picture

Come on, this is too easy. No assets means no liability... Duh. They are poised for perfection.
There! Now king me bitchez

Thu, 07/10/2014 - 11:32 | 4943448 rubiconsolutions
rubiconsolutions's picture

All the hallmarks of a classic pump-n-dump. The bottom will drop out and a lot of folks will be left holding the bag. 

Thu, 07/10/2014 - 11:34 | 4943462 dontgoforit
dontgoforit's picture

OK; if this so 'known' WTF is the FTC?

Thu, 07/10/2014 - 12:15 | 4943654 rubiconsolutions
rubiconsolutions's picture

Where is the FTC? Come on! They have been absent for years. See: Jon Corzine. 

Thu, 07/10/2014 - 12:19 | 4943675 NoDebt
NoDebt's picture

Same place they always are.  Sitting on their asses doing nothing about anything.

Thu, 07/10/2014 - 13:13 | 4944001 Sticky Wicket
Sticky Wicket's picture

Who do you think is buying the shares?

Thu, 07/10/2014 - 11:55 | 4943562 Frank N. Beans
Frank N. Beans's picture

they will be left holding everything PLUS a dirty kitchen cynk

 

Thu, 07/10/2014 - 11:56 | 4943567 youngman
youngman's picture

Its a Company any Greenie can love..they dont pollute..they dont make anything...

Thu, 07/10/2014 - 12:23 | 4943699 donsluck
donsluck's picture

You raise an interesting point. IMO productivity cannot continue rising without environmental destruction. Other occupations must come to the fore, those that do not consume many resources, like blogging!

Thu, 07/10/2014 - 12:05 | 4943611 ejmoosa
ejmoosa's picture

And all this time governments have been using taxes to reallocate wealth....

This is the ticket right here.  Voluntary wealth redistribution in weeks, if not days or hours.

Thu, 07/10/2014 - 11:38 | 4943489 eurogold
eurogold's picture

I can't wait to see this sucker crash !

Thu, 07/10/2014 - 19:06 | 4945389 just-my-opinion
just-my-opinion's picture

I hope it does before I run out of beer

 

Thu, 07/10/2014 - 12:29 | 4943717 Berspankme
Berspankme's picture

Fuck you Bernanke

Thu, 07/10/2014 - 14:04 | 4944226 just-my-opinion
just-my-opinion's picture

No....the powers that be...bernank,yellen obama,IMF,BIS,FBI,IRS,CIA,NSA....all the 3 letter acs.

 

No...they have fucked you(and me)

Thu, 07/10/2014 - 14:08 | 4944248 just-my-opinion
just-my-opinion's picture

What I wonder about....when you have a house of cards....even when you are at the top...when one gets pulled from the bottom....everyone comes fallin down

Thu, 07/10/2014 - 22:17 | 4946037 luftmensch
luftmensch's picture

looks like pump dump, short-squeeze allowing the run-up to go longer & higher.  Still being promoted in yahoo forums.  I imagine they'll be trying to sell into this from various offshore accts?  

Thu, 07/10/2014 - 11:11 | 4943341 EscapeKey
EscapeKey's picture

BUY NOW OR BE PRICED OUT FOREVER

Thu, 07/10/2014 - 11:15 | 4943361 Jlasoon
Jlasoon's picture

Bankers, the only assholes who could push Jesus to violence. 

Thu, 07/10/2014 - 11:17 | 4943371 ParkAveFlasher
ParkAveFlasher's picture

Bankers, or FOREX traders?

Thu, 07/10/2014 - 16:48 | 4944897 Matt
Matt's picture

I think the actual crime was creating a cartel and using their control over currency conversion rates to severely price gouge. Unfortunately, Jesus did not explain clearly whether it was the cartel in general that was wrong, or what an acceptable profit margin is.  

Thu, 07/10/2014 - 11:11 | 4943342 Gaius Frakkin' ...
Gaius Frakkin' Baltar's picture

Bubble? What bubble?

Thu, 07/10/2014 - 11:11 | 4943344 slotmouth
slotmouth's picture

Just a few buybacks away from mega-cap status.

Thu, 07/10/2014 - 11:11 | 4943347 achmachat
achmachat's picture

this is going to end with lots and lots of wealth transfer.... just not to the guys buying at the moment...

Thu, 07/10/2014 - 11:13 | 4943354 insanelysane
insanelysane's picture

Let me know when it gets added to a major index.

Thu, 07/10/2014 - 11:16 | 4943357 order66
order66's picture

Belize companies are the new blue chips.

When is Kim Dotcom going to enter that sell order?

Thu, 07/10/2014 - 11:14 | 4943358 The Merovingian
The Merovingian's picture

You can't make this shit up ....

Thu, 07/10/2014 - 11:23 | 4943407 The Merovingian
The Merovingian's picture

The market cap now matches what Obumbler just asked congress for .... Is this how Zero is going to get around congress and fund the pesky border problem thingy?  FOARWARD, but there will be no change left after he spends it all.

Thu, 07/10/2014 - 11:36 | 4943469 dontgoforit
dontgoforit's picture

Well, we could make it up, but it's a helluvalot more interesting when it's non-fiction.

Thu, 07/10/2014 - 11:15 | 4943359 Grande Tetons
Grande Tetons's picture

I did a quick calc....their market cap is about 4 million ounces of Gold.  

Thu, 07/10/2014 - 11:20 | 4943385 CPL
CPL's picture

Me too...their market cap is about 400 million ounces of dryer lint which is fully convertable into three hand jives and a high five.

Thu, 07/10/2014 - 11:37 | 4943476 dontgoforit
dontgoforit's picture

Shell games, smoke & mirrors, or real magic?

Thu, 07/10/2014 - 12:06 | 4943616 CPL
CPL's picture

No, all those things require dedication, talent, bravery and skill to manage.  

This is more like Pets.com where an idea generates billions in funding to lose other people's money hand over fist.  e.g.  Real money loss to allow for a tax write off for corporate investment groups.  To a corporate investment house they don't give a fuck, they NEED something to pretend that the entire thing isn't wired.

So how to do that? 

You go out of your way to make a sword to fall on, but make sure it's made of paper to maintain the illusion of 'fairness'.  Unfortunately the retail investor doesn't know that and usually loses their shirt and the tiny amount of money they've shoveled in afterwards.  It's part of the predatory practice of the entire market since 1982 with the worthless pig fucker Reagan who helped set up , literally, every market shit storm since.  And by proxy killed all the pensions by accident 30 years after the fact regardless of the nation a person stands in (just wait for this 'rose' to pop up again).  It's all so amazingly crooked and twisted.  In order to "win" the market the last thing you ever want to is actually have a good idea or product.  All you'll end up is broke and sad. 

Fool's gold is what defines the 'modern stock market'.  Which is really an out of control scam none of the TPTB can escape from themselves now.  All the people that honestly invested believing that they were helping create a productive future are gone.  They were wiped out 7 years ago. 

Only people left in that rat trap are the rats that set it up and it'll be snapping shut soon enough once another metric/number is reached then we can all get on with the business of fixing it up.

Here a hint: it's not a financal number, or fiat, or war, or an employment number, or even a manufacturing index.   "It" has to do with something completely unrelated optically but the entire system is completely dependent on it.  Without "it", it all shuts down tomorrow unilaterally, full stop, done, finished, ended, etc.  It's a primary lynch pin to the entire world that people see every day but would never consider it's relationship to how business functions.

Thu, 07/10/2014 - 12:18 | 4943666 Grande Tetons
Grande Tetons's picture

Trust or Oil? 

Troil? 

Thu, 07/10/2014 - 12:39 | 4943765 Tall Tom
Tall Tom's picture

CONFIDENCE.

 

A loss of confidence, usually which happens after a major violation of trust, will destroy any business relationship.

Thu, 07/10/2014 - 12:44 | 4943781 CPL
CPL's picture

Good job.  You get a cookie.

<Gives cookie>

Business is a tiny aspect and nearly insignificant piece of society.  Where as confidence is a foundation where things are built to last.

Thu, 07/10/2014 - 13:09 | 4943968 Tall Tom
Tall Tom's picture

Good Cookie

 

*munches down cookie*

 

I agree wholeheartedly.

 

Truth (fidelis) is that which I value above all.

 

For instance without confidence in the common currency we have no common currency.

Thu, 07/10/2014 - 11:14 | 4943360 slaughterer
slaughterer's picture

Shorting CYNK.

Thu, 07/10/2014 - 11:18 | 4943378 Dr. Engali
Dr. Engali's picture

Good luck with that. No options so I'm watching on the sidelines.

Thu, 07/10/2014 - 11:19 | 4943384 slaughterer
slaughterer's picture

Plenty of CYNK shares to short but with high commission. 

Thu, 07/10/2014 - 11:21 | 4943395 CPL
CPL's picture

CYNK phonetically sounds like "Sink".

Thu, 07/10/2014 - 11:23 | 4943409 Grande Tetons
Grande Tetons's picture

Cynic

Thu, 07/10/2014 - 11:38 | 4943486 dontgoforit
dontgoforit's picture

I thought it was a NY clothing store...

Thu, 07/10/2014 - 11:32 | 4943456 firstdivision
firstdivision's picture

I'm going long.  You'll be squeezed out, but I do have to thank you for helping me obtain more monopoly profit.

Thu, 07/10/2014 - 11:35 | 4943467 Freddie
Freddie's picture

I am going to take out a HEILOC loan on my shack to buy CYNK.

Thu, 07/10/2014 - 11:16 | 4943363 IANAE
IANAE's picture

Seems like a candidate for fraud or money laundering investigation...regulators?

 

Thu, 07/10/2014 - 11:23 | 4943405 CPL
CPL's picture

Wrong on both counts, usually what happens is they hide them for a little while on a board of directors someplace (IMF/UN/Government) then promote them somewhere else.

Thu, 07/10/2014 - 11:27 | 4943429 buzzsaw99
buzzsaw99's picture

wealth transfer. my guess is that either the clintons or al gore own a large block of this pig.

Thu, 07/10/2014 - 11:40 | 4943493 dontgoforit
dontgoforit's picture

Company formerly known as Solyndra.

This could be obama's big payback.

Thu, 07/10/2014 - 11:17 | 4943368 Dr. Engali
Dr. Engali's picture

Lol... this pig was down 25% earlier when I checked on it.

Thu, 07/10/2014 - 11:37 | 4943478 Freddie
Freddie's picture

This is the best-est stock ever.   What do they make or do?

Thu, 07/10/2014 - 11:38 | 4943487 Freddie
Freddie's picture

It was trading at 0.18 cents on 6-17-2014.   $19.70 now.  LOL!

Thu, 07/10/2014 - 11:41 | 4943503 dontgoforit
dontgoforit's picture

They're like the Fed.  They make rich people out of thin air.

Thu, 07/10/2014 - 13:04 | 4943951 CPL
CPL's picture

They complete directly against my pie plates on a stick monopoly which is valued at a bazillion dollars yet unlisted, unknown and in a desk drawer on a napkin.

Thu, 07/10/2014 - 17:13 | 4944971 Matt
Matt's picture

They run a website where socialites sell their connections to entreprenuers who think that having the phone number for some famous person's agent is the key to getting their project off the ground.

Since the company claims zero revenue, at this stage they must be operating free - i.e. no commission. Either that, or they are lying and they are making a profit, which is the only way I can see their filings being severely suspect. 

Thu, 07/10/2014 - 11:17 | 4943373 AccreditedEYE
AccreditedEYE's picture

Everybody keeps looking for fundamental value to take revenge.. are you people watching them un-do today's "selling panic"? I said losses would be halved by noon and I was wrong; it was an hour early! If you fight the Cabal you will go poor. Let them work for you and put your profits into gold.

Thu, 07/10/2014 - 11:20 | 4943387 Grande Tetons
Grande Tetons's picture

While I am certainily not shorting....I can guarantee the moment I go long....the whole fucker will come down. 

Thu, 07/10/2014 - 11:32 | 4943453 Bear
Bear's picture

Please go long

Thu, 07/10/2014 - 11:43 | 4943513 dontgoforit
dontgoforit's picture

Can't throw that far anymore.

Thu, 07/10/2014 - 11:17 | 4943374 CPL
CPL's picture

What's in your wallet? 

Their hand apparently.

Thu, 07/10/2014 - 12:04 | 4943379 ptoemmes
ptoemmes's picture

Man...if I were in charge of CYNK I'd be thinking it's Corzine Time.

Thu, 07/10/2014 - 17:15 | 4944974 Matt
Matt's picture

Good time for some stock swap acquisitions.

Thu, 07/10/2014 - 11:20 | 4943392 Itchy and Scratchy
Itchy and Scratchy's picture

Flight to yield!

Thu, 07/10/2014 - 11:22 | 4943398 juggalo1
juggalo1's picture

Looks like a pump and dump or money laundering scheme.

With less than 200,000 shares trading hands at values around 17 dollars.  That's less than 3 Mill at the large end.  Not sure why it's worth noticing.

I don't know how a blip of this size involves the Fed and S&P.  It doesn't really bring into question the idea of an efficient market since PINK SHEET OTC markets are NOT EFFICIENT!

Thu, 07/10/2014 - 11:44 | 4943516 dontgoforit
dontgoforit's picture

It's a Belgian bouncer.

Thu, 07/10/2014 - 12:02 | 4943594 the grateful un...
the grateful unemployed's picture

yes but once they issue MOAR stock then the hedges will feel more comfortable owning and the stock can really take off, assuming there is a lot of short interest to drive it higher.

the entire FED S&P is a pump and dump laundering scheme

Thu, 07/10/2014 - 11:24 | 4943408 hot sauce technician
hot sauce technician's picture

Regards from Belgium.

Thu, 07/10/2014 - 11:24 | 4943412 ejmoosa
ejmoosa's picture

Just think how well they are positioned in this era of deflation.  They have no assets that are going to lose value.

Thu, 07/10/2014 - 11:58 | 4943574 Oh regional Indian
Oh regional Indian's picture

Hoary Shite....The perfect Zero-Sum Stock....

Thu, 07/10/2014 - 12:17 | 4943664 hot sauce technician
hot sauce technician's picture

All that capital. No assets. Hmm, I wonder who's gonna take the hit on this one?

Thu, 07/10/2014 - 11:26 | 4943422 hankwil74
hankwil74's picture

You have to wonder how this is even possible.  Who in their right mind would be buying?  Even for a pump and dump, this is insane.  It's obvious that something very nefarious is going on with this company.  With 291m shares outstanding, who owns shares and isn't selling?

Thu, 07/10/2014 - 11:36 | 4943447 Emergency Ward
Emergency Ward's picture

Last Yahoo quote up 20% to $17.70 on "massive" volume.

Yahoo news headlines are saying "no revenues, assets or employees" and ask "does company even exist?" and people are still buying.

You can't make this shit up.

Thu, 07/10/2014 - 11:50 | 4943539 F0ster
F0ster's picture

Almost all stocks are now sufficiently pumped up for the muppets to buy and get locked in through the bailed in mutual funds.

Thu, 07/10/2014 - 17:18 | 4944982 Matt
Matt's picture

What's the lowest commission you could pay to have three or four puppet parties trade the same 1000 shares back and forth at ever higher prices?

Are there HFT for OTC yet? Can you quote stuff and cancel bids to drive price in this sucker?

Thu, 07/10/2014 - 11:45 | 4943519 Freddie
Freddie's picture

Nefarious?  This is Obam-Amerika.  Everything going on is nefarious.

 

Thu, 07/10/2014 - 11:26 | 4943428 Pee Wee
Pee Wee's picture

Horseshit, no one sees it coming -- NO ONE.

Thu, 07/10/2014 - 11:28 | 4943433 g speed
g speed's picture

swell--if persons in the loop (the one in the office)  have been buying the stock with zero interest loans then its time to get a zero interest loan to buy back the shares--all of um

Thu, 07/10/2014 - 11:28 | 4943434 ghostzapper
ghostzapper's picture

When's the first bond offering?  Mehhhh just sell about $5B in ten year sludge and that market cap will zoom right past $20B.  Booyahhhh! 

 

Gartman gonna announce entering long position in this piece of shit to let us know the momo monkeys are done with this slut?

Thu, 07/10/2014 - 11:30 | 4943438 MarsInScorpio
MarsInScorpio's picture

OK, so how do I do this for myself?

-30-

Thu, 07/10/2014 - 11:46 | 4943522 Freddie
Freddie's picture

Cramer just said it is a steal at $18.

Thu, 07/10/2014 - 12:09 | 4943633 CPL
CPL's picture

His Bear Sterns recommendation was awesome as well.

http://www.huffingtonpost.com/2008/03/23/jim-cramer-kind-of-owns-u_n_929...

Thu, 07/10/2014 - 11:29 | 4943435 alien-IQ
alien-IQ's picture

Madness. Complete and total madness.

Thu, 07/10/2014 - 11:40 | 4943450 TheRideNeverEnds
TheRideNeverEnds's picture

If 19 is madness what will it be called next month trading through 40?

Thu, 07/10/2014 - 12:25 | 4943526 dontgoforit
dontgoforit's picture

What do they make?

They make things up.

So, what do they make?

They make things up.

sheesh

Thu, 07/10/2014 - 11:35 | 4943464 One And Only
One And Only's picture

OMG! I'm going long! I need to get in this.

Thanks Tyler.

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