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07/17/14 04:29 AM
07/17/14 04:29 AM
Joined: Oct 1999
Posts: 83,968
oregon, spr
Marty Offline OP

Marty  Offline OP
Belizean makes stock market history!

Javier Romero named in the tangled web of Cynk Technology Inc.

Matalon Belize. - credit google

The Matalon (Photo via Google Maps)

Javier Romero, who once worked as a Fisheries official in Belize but who has since migrated to the United States, has become internationally famous, not for his music video “San Pedro, I Love You”, but for a buzz of unusual activity on the world securities market after reports that Cynk Technology Inc. (a Nevada-based company which lists The Matalon on Coney Drive, Belize City, as its business address) had been trading so profitably on the stock market that the worth of the penny stock company, for which Romero had been listed as president, chief executive officer, chief finance officer and main shareholder, ballooned to US$6.4 billion last Thursday, just before the U.S. Federal authorities suspended trading.

According to Cynk financial documents, the company, formerly known as Introbuzz and founded by John Kueber of Seattle, Washington, back in April/May 2008, was set up to develop a social network online. Cynk’s website,, which apparently has no real users, features a ‘Black Book’ of many notable figures, including Tom Cruise, Angelina Jolie and Jennifer Lawrence, and claims to hold the key to contacting some of the most sought-after celebrities.


Cynk website which says it has the Black Book of much sought-after celebrities

Cynk’s documents claim that it is “a development stage company.” It said that it intends to seek funding “…through the sale of its common stock to fund the preliminary stages of developing its website.”

However, its operations have been suspended by U.S. federal authorities until July 28, 2014, while U.S. authorities undertake a probe.

On Friday, July 11, the U.S. Security Exchange Commission (SEC), a federal agency which regulates the securities market in that country, suspended the company’s trading, signaling that the trading patterns seemed suspicious, to say the least.

The US SEC’s Deputy Secretary, Lynn M. Powalski, issued an Order of Suspension of Trading, saying that, “the public interest and the protection of investors require a suspension of trading in the securities of Cynk Technology Corp. (“Cynk”) because of concerns regarding the accuracy and adequacy of information in the marketplace and potentially manipulative transactions in Cynk’s common stock.”

The Commission said that it “cautions brokers, dealers, shareholders, and prospective purchasers that they should carefully consider the foregoing information, along with all other currently available information and any information subsequently issued by the company.”

The last financials filed by the company earlier this year stated that it had only US$39 in assets – an office desk costs more – but it recorded over $50,000 in liabilities. This notwithstanding, it claimed to have issued 219,450,000 common stocks, 72% of them to Romero, the Belizean, who had, in turn, acquired them from Marlon Sanchez, the person formerly listed as president and CEO of the company and who Cynk documents purport was once the primary spokesperson for the Medical Tourism Industry Council in Tijuana, Mexico.

The book value of those stocks is only a tenth of a penny, but on Thursday, those stocks were trading for a record value of US$21.95 – that’s roughly forty-four Belize dollars per stock, which Romero purportedly obtained in lieu of a salary from the company.

However, Romero claims that although he and Sanchez spoke, he never received those stocks. Business Insider reports that Romero has denied that he was ever president of the company, but claimed that Marlon Sanchez had talked with him about the transferal, which he said never materialized.


Cynk stock trading spiked over the past four weeks to record highs, netting roughly US$12 million in trade (Courtesy: NASDAQ)

Business Insider, in its news reports, noted that Romero had made contradictory statements when they spoke with him via phone, and he went so far as to claim to be someone else. He said his name was “Jason,” and denied knowing anything about Cynk.

“Jason” called Business Insider back and admitted that it was him, Romero, on the line, and then read a statement he said he had prepared after seeking legal counsel.

“According to the research on this now delicate situation, one Javier Romero was CEO of Cynk Technology from May 9, 2014 to June 18, 2014, served as an interim president, secretary and director of Cynk Technologies… During this time, I received no compensation in neither cash nor shares of this company. The proposed transaction whereupon it was contemplated that I purchased restricted shares from one Mr. Sanchez, was never completed. Further, I have never owned or purchased a single share of Cynk Technology,” Business Insider quoted Romero as saying.

However, Romero’s claim runs contrary to the assertion of Harold Gewerter, Esq., a Nevada attorney, who has been handling the legal papers for Cynk (formerly IntroBuzz) for several years. In a letter to OTC Groups Market Inc., the stock group with which Cynk filed papers on June 11, 2014, Gewerter named Romero as sole officer, director and promoter of Cynk, and went further to say that he had met personally with Romero.

Of note though, is that OTC’s profile information on Cynk does not list Romero as president. It lists Howard Berkowitz, an auctioneer of Costa Mesa, California, as president. Romero has told Business Insider that, “on June 18, 2014 [one Javier Romero] resigned as president and secretary and director of Cynk Technologies, whereupon on Mr. Howard Berkowitz filled these vacancies…”



Howard Berkowitz - California

Howard Berkowitz (Via Facebook)

Amandala found that Cynk had filed amendments with Nevada Secretary of State, Ross Miller, on June 18, 2014, and the company’s Investor Hub profile, with the share information current only up to June 17, 2014, lists Brian Blaszczak as consultant and Howard Berkowitz as president.

We note that based on information we gleaned from the NASDAQ, the premier stock exchange, June 17, 2014 is also the date when a flurry of trading with Cynk stocks began on the U.S. stock market, attracting suspicion from U.S. authorities. Overnight, the value of its stock suddenly jumped from US$0.06 cents to US$2.25.

The online data showed that for the period when Romero was listed as president, the company traded only 1,875 stocks at 6 cents apiece. Transactions dating back to June 16, 2013, just over a year ago, indicated that between then and June 17, 2014, less than 170,000 stocks were sold at an average of about 16 cents apiece.

But recently, Cynk became a multi-million-dollar trading machine, trading more than 12 times that volume in the past four weeks alone, for a total of over 2 million stocks at a price ranging from US6 cents to US$21.95, which represents trade to the tune of over US$12 million.

Of note is that the man now listed as president of Cynk, Howard Berkowitz, is also affiliated with Technology Today Inc., for which he is said to hold the same set of posts of director, president, treasurer, and secretary.

Kenneth Blaque - google plus

Kenneth Blaque also known as Kenneth Carter (Via Google+)

There is one other person in the equation: Kenneth Blaque, who also goes by the name Kenneth Carter, founder of Blaque Technologies, an events promoter.

Documents filed with SEC claim that on October 18, 2011, Blaque took over the company from John Kueber, who started it 6 years ago with $10,000 worth of stock. It said that Sanchez took over from Blaque in April 2013, and the 6 million shares that were assigned to Blaque in 2012 were cancelled.

When he was appointed in April 2013, Sanchez started out with 2.8 million in shares and ended up with over 200 million when he purportedly resigned in February 2014. Romero is said to have taken over from Sanchez in February 2014, according to company documents.

In August 2013, Cynk stopped using 3960 Howard Hughes Parkway as its address in SEC filings and began using Suite 400 at The Matalon in Belize City. In late 2013, the company also began to use Cynk Technology as its name instead of Introbuzz.

The company claimed that Romero offered space free of charge at Suite 400 of The Matalon in Belize. However, Titan International Securities, which does have an office at Suite 403 of The Matalon, has issued a press release, disassociating itself and The Matalon from Cynk.

The company said that, “Cynk never has operated out of the office of Titan, and, to Titan’s knowledge, never has had an office in …The Matalon building. Matalon building management has confirmed that Cynk does not have a presence in The Matalon building.”

Although Marlon Luis Sanchez had been listed as chief executive officer, president, chief accounting officer, chief financial officer, secretary, and director of Cynk, Blaque disclosed in the official SEC filings that Sanchez “does not have experience in a public company setting, including serving as a principal accounting officer or principal financial officer.”

The company said that it closed a stock offering on August 15, 2012, which netted US$54,300 in proceeds from 30 investors, and at last report, those 30 stockholders, who were not named, were still on record.


07/24/14 02:36 PM
07/24/14 02:36 PM
Joined: Oct 1999
Posts: 83,968
oregon, spr
Marty Offline OP

Marty  Offline OP

Video: Search for Cynk's $6B Leads to Shack in Belize

July 24 (Bloomberg) --- Bloomberg's Zeke Faux reports on his trip to Belize on the trail of Cynk, a company with no assets, no revenue, and one employee, that for one hour in July had a market value of more than $6 billion. He speaks on Market Makers." (Source: Bloomberg)

07/24/14 05:09 PM
07/24/14 05:09 PM
Joined: Jul 2014
Posts: 19
desertdave Offline
desertdave  Offline
Scary, I know some folks that madea LOT of $$ trading this sec. Such is the life of day traders....Not a very nobel trade.

Fly fishin' and trading stocks....around the world

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