21–30 of 53 posts
Their site: http://site.introbiz.com/
Envato's: http://www.themeforest.com
Edit:
Looks like a ripoff:
http://themeforest.net/forums/thread/envato-clone-with-a-mar...
It's almost certainly a pump and dump operation or a target of opportunity by a pump and dump operation. Assuming it doesn't get delisted by the SEC first, it will continue for a few days and then suddenly lose 98%+ percent of that valuation in a matter of hours. Edit: Yep, see their financial statement. https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf... It's even worse than you would otherwise think.
Anyone else notice the company name - CYNK. Cynic?
1. Startup A sells 2 twin puppies to startup B at $500M each.
2. Startup B sells 4 hand-drawn logos to startup A for $250M each.
Each books $1B in revenue and each also books $1B in expenses so as to avoid tax.
My amusing thought experiment is that two startups could easily give themselves billion dollar revenue as follows: 1. Startup A sells 2 twin puppies to startup B at $500M each. 2. Startup B sells 4 hand-drawn logos to startup A for $250M each. Each books $1B in revenue and each also books $1B in expenses so as to avoid tax.
As for what's happening now... armchair speculation...? We're in something that almost looks like half bubble half depression. Wages are stagnant or falling, costs of necessities are rising, but there's a huge amount of money sloshing around and pumping up everything from potato salad to cryptocurrencies based on a shiba inu dog meme to obvious pink sheet scams. The average person is drowning in student loan and mortgage debt and is unable to afford to start a family (I know a number of these folks -- none are dumb or lazy) but... Dogecoin and potato salad. Yeah.
Maybe the sum total of all the quant trading algorithms in global markets have achieved sentience and subsequently gone insane with the realization of who/what their creators actually are. Since they have no mouth and must scream, they're doing it by way of financial dadaism.
It's almost certainly a pump and dump operation or a target of opportunity by a pump and dump operation. Assuming it doesn't get delisted by the SEC first, it will continue for a few days and then suddenly lose 98%+ percent of that valuation in a matter of hours. Edit: Yep, see their financial statement. https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf... It's even worse than you would otherwise think.
I'm not knowledgeable when it comes to the stock market, but can't you short these guys and make lots of money?
Stay far away from scams.
It's almost certainly a pump and dump operation or a target of opportunity by a pump and dump operation. Assuming it doesn't get delisted by the SEC first, it will continue for a few days and then suddenly lose 98%+ percent of that valuation in a matter of hours. Edit: Yep, see their financial statement. https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf... It's even worse than you would otherwise think.
I'm not knowledgeable when it comes to the stock market, but can't you short these guys and make lots of money?
He must be making a really nice potato salad.
Is their site's theme a common, commercially available theme? It looks an awful lot like Envato's marketplace... Their site: http://site.introbiz.com/ Envato's: http://www.themeforest.com Edit: Looks like a ripoff: http://themeforest.net/forums/thread/envato-clone-with-a-mar...