Market Top? Meet The $1 Billion Company With Zero Revenues…” Getting out of this mess is not going to be easy, and it’s going to be messy.”
by Tim Price
ZeroHedge.com
07/07/2014
Lord Overstone said it best. “No warning can save people determined to grow suddenly rich.” Case in point – CYNK Technology Corp, a listed company that as of this morning has a market capitalization in excess of $1 BILLION. According to official filings, the social media development company had one employee, no website, no revenue, no product, and no assets. What has effectively united this company with prudent investors is today’s central banker. Hyper-aggressive monetary policy has side effects. Getting out of this mess is not going to be easy, and it’s going to be messy.
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