The mystery man goes it alone social networking site, the market value has once exceeded 6 billion dollars

This sounds like a fairy tale: a social media company called "Cynk", with no income, no products, no assets and only one employee, has risen more than 100 times times since mid-June, with a market capitalisation of $41 a breakthrough of $6 billion this week.

This has to start from the beginning. Since July 11, "microblogging originator" Twitter successfully listed, which led to the rise of the Internet enterprise listing boom continues to this day. investors tend to be particularly interested in VC business size, business model, and profitability for internet companies The is a concern. However, such a "miracle" appeared in the US stock market, where, according to the Wall Street Journal's website, a social media company called "Cynk" has grown more than 100 times times since mid-June, with no income, no products, no assets and only one employee, Market capitalisation topped 6 billion dollars 41 degrees this week.

Cynk is not listed in the well-known Nasdaq or NYSE, instead, it deals with the "Score stock market" – a very special stock market and a securities and financing market at the bottom of the US securities market, where most of the shares are priced below $1 trillion. Cynk was once a "micro-unit" with less than $1 trillion in shares, but in Thursday it reached an eye-popping $21.95 trillion-and was cynk another scam in the stock market, dubbed the "Liar Paradise" by the FBI?

Cynk a number of documents submitted to the US Securities and Exchange Commission (SEC) from 2012 to 2013, read the funny fake news on the Onion website. Here's a surprising number of dubious questions about the company:

1. The business plan is vague and poorly written--cynk was originally called "Introbuzz" when applying for an IPO, founded on May 1, 2008, and the social networking site it is developing introbizz.com the basic idea of "people should pay to get in touch with people you know" It means that you are introducing "appropriate executives, nannies, software engineers, etc." to help people "save time or create important value", so those who benefit will pay you. In short, Cynk allows you to contact the person you are looking for by paying the middleman.

2. The introbizz.com website is still not online-the site was supposed to be online in the second quarter of 2012, but so far there has been no movement. Cynk seems to be on another website "introbiz", but never mentions the site in any submitted documents.

3. No income--cynk claims that "Introbuzz believes that a lucrative social network will attract people to join," but how does cynk make money? It said there was no advertising on the site, but it did not say what the site would generate. From the online introbiz Web site, it seems that if you are willing to spend money you can contact Leonardo DiCaprio and other celebrity stars, but the money is flowing between users or "directly to charity", as if it has nothing to do with Cynk.

4. Since 2008, 4 nerdy The company has nothing to do, the CEO is very diligent. The Wall Street Journal conducted a survey of their backgrounds and tried to contact them with the result: Kenneth Carter, the second CEO, said the reason for his departure was disagreement with investors over the direction of the company's development, and that Cynk's current market capitalisation was a serious departure from the company's reality; The third CEO, Sanchez. (Marlon Luis Sanchez) held key positions in two other companies, working only 10 hours a week for Cynk, leaving a few months ago but unwilling to talk more about it; the fourth CEO Romero (Javier Romero) is located in the company file at the Central American country Belize, But the business center where the address was located claimed that there was no number in the document, and that the lawyer who had signed the document involving Romero's purchase of 210 million shares in the company's former CEO Sanchez, Cynk, said he had ceased to represent the company.

5. Unknown assets, no internal controls--cynk the last financial statement was submitted as at September 30, 2013, and the "assets" and "income" in the document were blank. In addition, the company does not have an audit committee and external directors and therefore lacks the necessary internal control measures.

In short, the recent rise in Cynk's share price is mind-boggling, and the reason is still a mystery – what investors are looking for in a company that looks like it's not reliable? Maybe someone will call it "bubble", but it seems to be very deep in the water.

According to U.S. media reports, the company is related to a website called introbiz.com. "In our market, you can buy and sell the ability to build social contacts with a wide range of people, including stars, business owners, and talented IT professionals," wrote the website's "About introbiz" column. ”

According to Yahoo Financial data, the company did not report any revenue in any fiscal year up to 2011, 2012 or December 31, 2013. The following data show that the company 2013 years operating loss of 1.5 million U.S. dollars.

The company said in March this year that it was unable to submit its annual report to the SEC when it revealed that its President, CEO, CFO, Chief Accounting officer, secretary, Treasurer and director were Maron Louise Sanchez (Marlonluis Sanchez).

But in filings to the SEC, the company said it had not signed a contract with its core staff, the core employee being the sole shareholder, the CEO and CTO.

According to Bloomberg data, Sanchez owns 210 million shares in the company. And Cynk's documents to the SEC show that, as of November 7, 2013, the company's circulating capital was 291.45 million shares.