• 24 Jul 2014 at 4:51 PM

There’s Something Else Cynk Doesn’t Have

It’s got no revenue, no assets, no members and no tradeable stocks (until tomorrow, anyway). But at least the “social network” had an address. Sure, it was an address in Belize, which is shady enough. But Cynk will do you one better: It has a fake address in Belize.

The Matalon, a six-story glass building in Belize City, Belize, towers over a lot littered with old refrigerators and washing machines. Jagged rebar sticks out of unfinished cinderblock structures nearby, and the view, across Haulover Creek, is of a cluster of corrugated metal shacks. This is the listed address for Cynk Technology….

In filings with the Securities and Exchange Commission, Cynk lists its offices as the Matalon’s Suite 400. There is no Suite 400. The building manager says the company has never had an office there.

Searching for Cynk: The $6 Billion Penny-Stock Debacle, From Belize to Las Vegas [Bloomberg BW]

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  1. Posted by 95 Gin Lane | July 24, 2014 at 5:06 PM

    If you're going to have a fake address why not make it seem less shady?