the staff of the Ridgewood blog
Paulsboro NJ, The $100 million company that owns only a single New Jersey deli was delisted from the OTCQB over-the counter market “for not complying with the rules” and slapped with a warning label for would-be buyers on Wednesday night, the CEO of the company that operates that market said in a tweet.
The action came six days after the deli owner, Hometown International (HWIN) , was flagged as a warning to retail stock customers in a client letter by hedge fund manager David Einhorn.
Hometown International’s stock has soared over the past year, giving it a market capitalization of a $100 million or more , despite the company’s market valuation, there was little business to show for it, with the deli generating just $35,000 in revenues over a two-year period.
The stock, which had traded as low as $4.75 per share last year, closed Wednesday on the OTCQB market at $13.07 per share, up 2.51% from the previous day.
Big guy doesn’t like when little guy plays the game by the rules. Best to have the government do a hit job instead of getting 8 & 9 figure bailouts.
This is a big scam… It’s NOT “just a little guy”…
It involves multiple Hong Kong and Macau China shell companies, etc…