new jersey deli stock
Hometown International operated the New Jersey deli which produced less than 40000 in annual revenue and recorded an annual profit of less than 14000. The 100M company that only owns a New Jersey deli with 35000 in sales over the last two years As of last year Patten was barred by FINRA the broker-dealer regulator.
Us Brings Fraud Charges In 100 Mn New Jersey Deli Case Legit Ng
Your Hometown Deli in Paulsboro NJ is no mere neighborhood delicatessen.
. You probably dont because so much crazy stuff has happened since then. The stock closed Thursday at 1350 making Morinas stake of 15 million common shares worth more than 20 million. Remember the small-town New Jersey deli worth 100 million in the stock market in 2021.
A father and son have been charged with fraud over an alleged 100m stock market scam that tried to massively inflate the value of a small deli in New Jersey. Paul Morina was removed as CEO of Hometown International by the companys shareholders. Your Hometown Deli in Paulsboro NJ.
Despite racking up less than 40000 in sales over the past two years the delis parent. The 100 million company that owns a New Jersey deli was delisted from an over-the-counter market platform because of public disclosure irregularities OTC Markets Group. These schemes included artificially inflating the share price of Hometown International which operated a New Jersey deli producing less than 40000 in annual.
Jersey Sports Zone Youtube Hometown International the mystifying New Jersey. The deli was closed from mid-March to early September last year because of the Covid-19. The 100M company that only owns a New Jersey deli with 35000 in sales over the last two years Hometown Internationals CEO Paul Morina is the principal and head.
That recently gave the company a market. In regulatory filings it. According to the companys latest 10-K filing the companys single location was closed from March 23 to September 8 of last year because of the coronavirus pandemic.
Despite its modest business the delis shares publicly traded since 2019 have soared nearly 300 in the past year to nearly 14. It seemed wildly improbable even by the standards of the meme stock craze - a publicly traded New Jersey deli that had less than. Google Maps Three men linked to a company that mysteriously drew a 100 million valuation.
The owner of a single New Jersey deli boasts a 105 million market cap despite making only 14000 in sales last year Theron Mohamed Apr 16 2021 908 AM Your. Three men allegedly conspired to artificially boost the companys stock price. He also owns warrants for another 30 million shares.
This would not seem like a high-growth business model but since it went public in 2019 the delis stock price had risen 1200 percent to 13 a share. Hometowns deli had sales of just 35000 or so for the past two fiscal years.
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