Cynk is headquartered in Belize, but was incorporated in Nevada in 2008. Its main contact number is in a Miami area code.The 1-800 number listed in the SEC filing is "unassigned," according to a phone-company recording.
According to quarterly statements it has $39 in assets, nearly $52,000 in liabilities, and no revenue.
Cynk Technology, formerly known as Introbuzz, is a social-networking company that runs a bare-bones website called IntroBiz. The website does in fact exist. The stock listing exists. It's just everything else about this company doesn't exist.
But that hasn't stopped people from buying it.
IntroBiz is apparently "a marketplace [where] you may both buy and sell the ability to socially connect to individuals such as celebrities, business owners, and talented IT professionals." It has pictures of Leonardo DiCaprio, Angelina Jolie and other celebs, suggesting that your dream of becoming besties with Leo and/or Brangelina will finally come true, thanks to IntroBiz.
Thus making it worth more than companies that have the unfortunate liability of existing.
Sanchez was listed as the company’s only employee, holding the titles of president, chief executive officer, chief financial officer, chief accounting officer, secretary, treasurer, and sole director on its board. The filing announcing his appointment said he worked as a spokesman for the Tijuana medical tourism industry and a San Diego-area medical clinic.
BuzzFeed called two phone numbers listed for Sanchez, one was out of service and Sanchez did not return a message left on the other. Sanchez told the Wall Street Journal, “I am no longer associated with this company in any way, shape or form.” A document from the company’s lawyer says that Javier Moreno took over the company in February and owns 210 million shares which he bought from Sanchez. Moreno lives in Belize City, Belize and is the company’s sole director and executive officer, according to the letter. The letter is dated June 11. Six days later, the company’s stock saw its first real surge in trading, with 367,000 shares changing hands while the price rose from 18 cents to $4.25. Before June 17, the most shares that had been traded was 1,900 on May 15, with most days seeing no trading.