Penny Stock Defies Gravity, Stirs SEC


Penny Stock Defies Gravity, Stirs SEC
BY JEAN EAGLESHAM AND JEFF ELDER — Michael Calia and Scott Austin contributed to this article.
The Wall Street Journal Europe
Jul 14 2014

The Securities and Exchange Commission is investigating how Cynk Technology Corp., a social network that reports zero assets, no revenue and one employee, soared to a $6 billion valuation, according to people close to the probe. The SEC on Friday…read more…

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