On May 15, social network operator Cynk Technology Corp. closed at six cents per share on the stock market. On July 10, Cynk traded at $21.95 for one period during the day, a roughly 36,000 percent increase in under two months. Is Cynk the next big stock to jump on board?
The Securities and Exchange Commission (SEC) says not so fast, my friend. Due to perceived irregularities in the company’s stock, the SEC has suspended Cynk from trading.