new jersey deli worth 100 million

It is mostly unremarkable except that it is publicly traded on the stock market. A New Jersey sandwich shop with a single store paltry sales and a market value of just over 100 million.

New Jersey Deli Valued At Over 100 Million Turns Out To Be Shell Company Complex

Owners of a small deli are charged with fraud for valuing business at 100 million.

. But according to the stock market this one deli is worth roughly. James Patten 63 of Winston-Salem NC. SEC Charges Owners of Jersey Deli.

September 26 2022 309 PM 3 min read. The 100 Million Deli. Your Hometown Deli a modest delicatessen based in Paulsboro New Jersey is the single asset of Hometown International Inc a food service supply company.

Last year the Your Hometown Deli. Back in April a tiny New Jersey -based deli made headlines after it was valued at 100 million on the stock market and now we know why. New Jersey deli valued at more than 100 million delisted from stock market.

The owners of a small deli have been charged with fraud after they wrongly valued their business at being worth 100 million. Paul Morina listed in financial records as the president of Hometown International a company. It seemed wildly improbable even by the standards of the meme stock craze - a publicly traded New Jersey deli that had less than 40000 in annual revenue and yet somehow.

Hometown owner of a single deli in Paulsboro New Jersey recently attained a market value in excess of 100 million despite booking just over 35000 in combined sales. How did a deli in New Jersey become worth more than 100 million. Just a little sandwich shop.

SEC Charges Father-Son Duo and Associate in Market Manipulation Schemes Resulting in a New Jersey Deli with a 100 Million Valuation. Three men have been arrested and charged for an alleged fraud scheme centered around a small New Jersey deli with a parent company worth an estimated 100 million on the. Notorious New Jersey Deli Once Worth Over 100 Million Cut Cold Closes Doors Forbes The Mystery of the 113 Million Deli New York Times Follow me on Twitter.

Prosecutors say one spearheaded by three men with North Carolina connections. New York Public Radio. United States 9d ago.

Last April CNBC reported that the deli had a value of 100 million but filings with the SEC showed that it only reported sales of 35748 in two years combined from 2019 and. The delis parent company Hometown International whose operations consist entirely of the single New Jersey deli is a publicly traded company valued at nearly 100 million. Theres a single New Jersey deli doing 35000 in sales valued at 100 million in the stock market.

FOR IMMEDIATE RELEASE 2022. The 100 Million Deli In a small town in New Jersey there is a deli. Exhibit A according to one prominent investor.

Three men were charged with fraud and other crimes in a scheme involving a company that was worth 100 million in the stock market. The 100 million New Jersey deli as Your Hometown Deli came to be known was first brought to the publics attention by investor David Einhorn in a 2021 letter to clients. Theres a little deli in Paulsboro New Jersey called Hometown Deli.

What A New Jersey Deli Tells Us About The State Of The Stock Market Planet Money Npr