new jersey deli stock
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. 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 from.
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Paul Morina was removed as CEO of Hometown International by the companys shareholders.
. 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. Despite racking up less than 40000 in sales over the past two years the delis parent.
These schemes included artificially inflating the share price of Hometown International which operated a New Jersey deli producing less than 40000 in annual revenue. SEC Charges Father-Son Duo and Associate in Market Manipulation Schemes Resulting in a New Jersey Deli with a 100 Million Valuation. Hometown Deli attracted the spotlight when in 2021 its stock price skyrocketed from 125 in November 2019 to 1450 two years later earning the company its outsized.
Your Hometown Deli in Paulsboro NJ is no mere neighborhood delicatessen. Your Hometown Deli in Paulsboro NJ. 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.
Hometown International operated the New Jersey deli which produced less than 40000 in annual revenue and recorded an annual profit of less than 14000. Hometowns deli had sales of just 35000 or so for the past two fiscal years. The deli was closed from mid-March to early September last year because of the Covid-19.
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. 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. 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.
FOR IMMEDIATE RELEASE 2022. That recently gave the company a market. The deli in Paulsboro NJ near Philadelphia was the sole asset of Hometown International and according to the Securities and Exchange Commission brought in less than.
In regulatory filings it. Three men allegedly conspired to artificially boost the companys stock price. Jersey Sports Zone Youtube Hometown International the mystifying New Jersey.
Google Maps Three men linked to a company that mysteriously drew a 100 million valuation.
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