As The SEC Finally Gets Involved In CYNK, One Short Has A Big Problem

As The SEC Finally Gets Involved In CYNK, One Short Has A Big Problem (ZeroHedge, July 11, 2014):

However, even in its halt, CYNK (“don’t be cynkal, be hopeful” perhaps Obama would say) continues to provide entertainment.

Case in point, this sad individual who on that bulletin board of epic retail investor comedy, Yahoo Finance, has explained their problem: it appears some brokers actually did allow shorting of CYNK, at a cost. A rather high and recurring cost it would appear.

CYNK comedy_1

Oops.

 

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