http://www.valuewalk.com/2014/07/cyn...ts-no-problem/
Cynk Technology Corp (OTCMKTS:CYNK) has been an over the counter penny stock with essentially no trade volume for most of the last year. And then, for no apparent reason, it rose from $0.06 per share to more than $2 in June and has gained 150% in trading today to reach $14.71 valuing the company at $2.8 billion even though it has no revenue, no assets, no product, and one employee
For those who are curious, Cynk Technology Corp (CYNK) is a social media company whose plans included hiring a web developer and starting a website the last time it filed a quarterly report, last November. The company filed a Rule 15d-6 Suspension of Duty to File Reports back in April, so if you?re looking for a social media start-up with a bright future this doesn?t seem like the droid you?re looking for (and it?s been hard to find stocks to borrow for shorting, oh well).