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Penny Stock Soars, Auditor Baffled, SEC Halts Trades

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No revenue, no assets, no problem apparently as stocks on tech company CYNK Technology went from being worth less than 10 cents a share in June to $20 Thursday morning, giving the little-known company a market cap of more than $6 billion, a mysterious turn of events that has led their auditor to disadvow the company, saying that they used him to get a clean bill of health before beginning a "pump-and-dump" scheme, according to CNBC.

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