Drudge Retort: The Other Side of the News
Saturday, July 12, 2014

Ordinarily, a money-losing company like Cynk Technology would languish on the over-the-counter stock market and attract little attention from either investors or the media. Cynk, though, has managed to attract plenty of attention, along with a market capitalization of $4.5 billion. That's an astonishing feat for a company with no products, no revenue, no website and exactly one employee. As Bloomberg News noted, Cynk shares were worth 6 cents as recently as May 15. Before the Securities and Exchange Commission ordered its shares halted on Friday, the stock was priced at $13.90. The stock has risen 24,000 percent in the last month alone.

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Admin's note: Participants in this discussion must follow the site's moderation policy. Profanity will be filtered. Abusive conduct is not allowed.

Seems legit ...

#1 | Posted by censored at 2014-07-10 06:05 PM | Reply | Flag:

that's the free market for ya.

#2 | Posted by BruceBanner at 2014-07-10 07:10 PM | Reply | Flag:

Why? For the same reason the market is at 17,000 with no underpinnings. Multibillionaires aren't afraid of losing their butts and having to become MERE billionaires and the rest of the power players are gambling with OTHER PEOPLE'S MONEY.

#3 | Posted by MUSTANG at 2014-07-11 10:36 AM | Reply | Flag:

"Why? For the same reason the market is at 17,000 with no underpinnings." - Mustang

At least an underpinning we used to understand. Today, the market is better and easier than investing in a new business for the upper middle class, that's my take on it. Let the Government figure out what to do with the taxes, unemployed, regulations, et al..... put your money in the markets.....

#4 | Posted by AndreaMackris at 2014-07-11 02:26 PM | Reply | Flag:

Trading suspended.....

#5 | Posted by AndreaMackris at 2014-07-11 02:27 PM | Reply | Flag:

You have to buy it to know whats in it.

#6 | Posted by salamandagator at 2014-07-11 02:30 PM | Reply | Flag: | Newsworthy 1

better get in while the price is high

#7 | Posted by DeadSpin at 2014-07-11 04:54 PM | Reply | Flag:

This smells like a Jack Abramoff scam. Is CYNK Technology on the GOP donors list ??

#8 | Posted by SammyAZ_RI at 2014-07-11 05:09 PM | Reply | Flag: | Newsworthy 1

oh no...stop..its some evil corporation that people seem to want to invest in for no apparent reason, a fluke of the market, oh the humanity. Its all a right wing conspiracy!!

#9 | Posted by danv at 2014-07-12 05:45 PM | Reply | Flag:

No sure what's going on but it makes me think of cow crap.

I don't have to step in it to know it stinks.

#10 | Posted by Tor at 2014-07-12 05:53 PM | Reply | Flag:

"Triumph of capitalism."

#11 | Posted by snoofy at 2014-07-12 06:25 PM | Reply | Flag:

He stole that money from the poor, he should give it back in the form of taxes so Obama can see that it get to its rightful owners.

#12 | Posted by visitor_ at 2014-07-12 08:04 PM | Reply | Flag:

.. put your money in the markets.....

#4 | Posted by AndreaMackris

And pray the GOP never wins the WH again!

#13 | Posted by northguy3 at 2014-07-12 11:07 PM | Reply | Flag:

It's my understanding that the company cant capitalize off this though, right?

#14 | Posted by boaz at 2014-07-13 12:12 AM | Reply | Flag:

The money changers have a club that not only prints money for their own ilk called Federal Reserve, but they can also create it out of thin air with paper assets. This exemplifies what is wrong with America and how it came to be that our leadership was corrupted and our nation bilked.

#15 | Posted by Robson at 2014-07-13 11:21 AM | Reply | Flag:

The media will waste months on OJ or trash average Americans like Zimmerman, much of it intended to divide us. Or they will re-image and provide a rebirth of a pedophile singer like MJ so their cousins in Hollywood can profit from his posthumous royalties .....but they'll never cover these shenanigans on Wall Street. Why?

#16 | Posted by Robson at 2014-07-13 11:28 AM | Reply | Flag:

Only fools play in Penny stocks.

#17 | Posted by MSgt at 2014-07-13 04:25 PM | Reply | Flag:

The mythical free market strikes again. Need to throw those doing the manipulating (see CEO's, the Wall Street criminals, and the banksters) in prison!

#18 | Posted by aborted_monson at 2014-07-14 01:02 AM | Reply | Flag:

Classic pump & dump..

#19 | Posted by Greatamerican at 2014-07-14 01:27 AM | Reply | Flag:

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