Social networking stock market value surpasses news of Silicon Valley giant Yahoo

Yang by every reporter look forward to

Last Friday (July 11), the Daily Economic News reported that CYNK, a zero-income US stock, jumped 244 times in a month, surpassing Silicon Valley giant Yahoo. The story of social networking unit CYNK is still on the verge of fermentation.

July 11, the United States Securities and Futures Commission (SEC) announced the suspension of CYNK transactions until July 24, on the grounds that there may be stock price manipulation.

Last Thursday the market value of 43 billion US dollars

Last weekend, US investors discussed the most stocks are neither Zuckerberg FACE-BOOK, or not listed on the Chinese electricity supplier giant Alibaba, but a little-known company CYNK, the company's share price hurricane a month 244 times, the market value reached 4.3 billion last Thursday, becoming the world's fourth largest Internet company after Google, Facebook and Baidu.

But puzzling is that there is no fundamentals CYNK can support its current market value so huge. The Daily Economic News last week reported that the company had no revenue for the first quarter of March this year, with a combined total of just $ 39 and a net loss of $ 6241 for the same period, from May 2008 to March 2014 , A total net loss of 1.61 million US dollars, in other words, CYNK almost no investment value.

On July 10, CYNK closed at US $ 13.9 after a sharp day-over-day volatility, down nearly 6% from the previous day. On the 11th, the SEC announced that the suspension of CYNK transactions until July 24 on the grounds that "the accuracy and completeness of the market information concerns, and the possible stock prices are manipulated."

According to the Daily Economic News reporter, the suspension is "U3" and according to the OTC OTC rules, the FINRA has determined that an unusual event has occurred or is occurring. Market stocks or ADRs over the counter may cause significant damage or material uncertainty about the market clearing and settlement process.

Public information shows that over-the-counter trading has a total of five situations, namely H10, T3, U1, U2 and U3, of which U2 is a derivative, and U1 is a trading stock in overseas markets.

The SEC also warned that securities firms, shareholders and potential buyers need to be very cautious about any public information that CYNK has released and will release in the future.

Behind the scenes boss was a fishery officer?

Compared to CYNK crazy market performance, people are equally curious about what the hell behind its veterans.

According to public sources, CYNK's chief executive is Javier Romero, who is also chairman, secretary and supervisor of the company and has been Fisheries director at BelizeCity since 2009.

According to Baidu data, Belize is a Central American country bordering Mexico in the northwest, formerly known as British Honduras, and independent of Britain in 1981, and Belize City is Belize's largest city.

Interestingly, BI, the US-based technology website, found the one that best matched JavierRomero through its social network FACEBOOK. He told BI that he was from Belize and currently lives in Boston. He also disclosed that he was once a fishery officer in Belize.

When BI finally dialed the JavierRomero call and told him that it was tracking CYNK's story, a very dramatic scene took place, Romero immediately changed his name to Jason instead of Romero, he worked for Romero, but not CYNK Employees, from childhood he and JavierRomero are best friends.

Jason later revealed that while JavierRomero is currently in Boston, he may be surprised at what happened with CYNK, but other sources are not easily disclosed.

CYNK may be one of the biggest farce in the US stock market, where the event will go, "Daily Economic News" will continue to track reports.