SlashNOT

Matthew writes: The SEC has sent an inquiry to SlashNOT questioning recent financial practices. Noting that the site has posted more than 0.06 cents in revenue since it’s inception, the SEC inquiry seeks to determine how the site’s stock price could have legitimately soared to it’s recent closing price of 134 per share on NASDAQ. The stock accounts now accounts for 2.7% of the capitalized value of all NASDAQ stocks.

“This SlashNOT thing has the fingerprints of a massive pump and dump operation, where early investors hype the stock and then sell before it’s price collapses.” says an SEC investigator.

With over 3 billion in market capitalization, the website is bucking the trend amongst singed tech investors to avoid e-commerce ventures that have no identifiable revenue model. The two week old website, which has maintained profitability since its inception by avoiding expenses, has recently become a darling amongst tech savvy investors looking for successful e-commerce ventures.

“We keep trying to tell people that this is just a website” complained co founder Matthew “But they insist on investing. Apparently, not having lost tens of billions of dollars is pretty hot right now. By the way, our NASDAQ symbol is SNOT.”
“Well, we do keep a pretty tight lid on expenses as well” explained co-founder Michael. “Our employees might as well be working for free, and we steal the bandwidth from a quotations website that hasn’t noticed that we’re on their servers.”