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SEC Shuts Down Trading In 128 Potential Penny Stock “Pump & Dump” Scams
Article By: ValueWalk
Monday, March 2, 2015 7:47 PM EST
After one penny stock traded at a $6 billion valuation with one employee and no real business, SEC moves to prevent future problems.
In this article: CYNK
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EC From Hero To Zero In One Trading Day
Article By: Acting Man
Tuesday, October 7, 2014 2:02 PM EST
The differing cases of CYNK and GTAT: Obviously, such events mainly tend to happen during a stock market bubble, when the guard of investors and analysts alike is down and gullibility reigns.
In this article: GTAT, CYNK
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SEC (Finally) Begins Investigation Into CYNK's 36,000% Rise (And Fall)
Article By: Tyler Durden
Tuesday, August 19, 2014 2:56 AM EST
Over six weeks ago we were the first to bring the investing world's (and SEC's) attention to CYNK technologies - a revenueless, assetless 'social network' shell that rapidly exploded in price and market cap soared to $6 billion.
In this article: CYNK
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CYNK Shares Reopen For Trading, Plummet 86% To $2.01 Then Rise 150% Off The Lows As BTFDers Arrive
Article By: Tyler Durden
Friday, July 25, 2014 11:09 AM EST
If you shorted CYNK at the all time highs well over $20 several weeks ago, just before the stock was halted after the SEC finally woke up to its duty of protecting investors from pump and dump ponzi schemes congratulations:
In this article: CYNK
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As The SEC Finally Gets Involved In CYNK, One Short Has A Big Problem
Article By: Tyler Durden
Friday, July 11, 2014 11:30 AM EST
It took the SEC only a week (after we first reported on it) to get involved with a company that does not exist, and whose stock rose nearly 30,000% in a few days, on a few thousand shares traded, hitting a nearly $6 billion market cap before it was finally halted for trading as we reported earlier.
In this article: CYNK
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