- Trading in CYNK Technology (OTC:CYNK), the "social marketplace" that at one point yesterday had a $6B+ valuation in spite of having virtually no revenue or assets, has been halted on the pink sheets.
- In addition, the SEC has issued a suspension order that lasts until July 24. The agency cites "concerns regarding the accuracy and adequacy of information in the marketplace and potentially manipulative transactions."
- The financial press continues to have a field day unearthing details about CYNK's operations (or lack thereof).