Pump & Dump: Cynk surges 36,000 per cent as buzz builds for 1-employee company

The financial world has become obsessed with Cynk Technology Corp. (CYNK), a stock that sold for a few pennies for most of its existence before exploding more than 36,000 per cent to give it a market value exceeding $6 billion.

Pump & Dump: Cynk surges 36,000 per cent as buzz builds for 1-employee company Cynk_500_19rubls-19ruc07

Pump & Dump: Cynk surges 36,000 per cent as buzz builds for 1-employee company Cynk_500_19rubls-19ruc07

Cynk supposedly operates a social network -- one that appears to have no members, no revenue, no assets and only one employee.

The stock climbed as much as 49 per cent to $21.95 earlier today in over-the-counter trading on volume of more than 380,000 shares before erasing its gain to close down 5.5 per cent to $13.90.

After closing at 6 cents on May 15 it began its surge with a 3,650 per cent jump to $2.25 on June 17.

http://au.pfinance.yahoo.com/education/investing/article/-/24436593/cynk-surges-36-000-per-cent-as-buzz-builds-for-1-employee-company/

Pump & Dump: Cynk surges 36,000 per cent as buzz builds for 1-employee company

Pump & Dump: Cynk surges 36,000 per cent as buzz builds for 1-employee company

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