Well that escalated quickly… CYNK Technologies – which we first exposed to the world here – has gone from dumb to dumber. “Traders” just bid CYNK at $18.50 this morning (on less than 100,000 shares) meaning this asset-less, revenue-less shell of exuberance now has a market cap over $5.4 billion.
That leaves CYNK more “valuable” than all of the following companies…
As a reminder, this idiocy is a glimpse of what the Fed’s central planning has done to the S&P 500.
via Zero Hedge http://ift.tt/1qnUCSP Tyler Durden