Phantom tech firm worth billions, inexplicably
New York (AFP) July 10, 2014 - It has no assets, no revenues and no business plan to speak of. But a company called Cynk Technology has seen its value soar as high as $4.7 billion. Wall Street analysts have been at loss to explain the spectacular 24,000 percent rise in Cynk, which trades on the lightly regulated over the counter (OTC) market. While its share price and market value fell at the close of trade, the compa ... more
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