Back in July of 2014, I shared an incredible story with StreetAuthority readers. I say "unimaginabl
Back in July of 2014, I shared an incredible story with StreetAuthority readers. I say “unimaginable,” however the fact is it is all too acquainted in case you’ve paid consideration to the inventory marketplace for longer than 5 minutes.
In that article, I advised the story of how an obscure firm known as had turn into all the fad amongst so-called penny inventory buyers. Touted as “the following large factor” within the social media startup world inside inventory buying and selling chatrooms and message boards, buyers started shopping for up shares of the over-the-counter (OTC) inventory — sending it up a mind-numbing 23,000% in a matter of weeks.
Cynk Know-how Corp was as soon as a inventory buying and selling at six cents a share. It quickly had a $6 billion market cap and was buying and selling close to $15 a share.
Monetary blogs and main information retailers started to take discover and did some digging…
Seems, Cynk had a grand complete of 1 worker, no company web site, no income from the previous three years and $39 in property. Naturally, the Securities and Trade Fee…