1 Employee, No Income, $4.5 Billion Market Cap

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...
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