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Hometown International's stock has soared over the past year, giving it a market capitalization of a $100 million or more — despite sales at its Paulsboro, N.J., deli of only about $35,000 combined in the past two years. The stock, which had traded as low as $4.75 per share last year, closed Wednesday on the OTCQB market at $13.07 per share, up 2.51% from the prior day. Cromwell Coulson, the CEO of OTC Markets Group, tweeted late Wednesday: "$HWIN Delisted from OTCQB for not complying with the rules and marked CE for public interest concerns." $HWIN Delisted from OTCQB for not complying wit...

business 43 mins ago Coker's Hong Kong-based son, Peter Coker Jr., is chairman of Hometown International, whose Your Hometown Deli in Paulsboro, New Jersey, had sales of only about $35,000 in the past two years combined. Despite those meager sales, Hometown International had nearly 8 million common shares of stock outstanding. On Monday, shares of the company rose 0.15% to $13.01. "Someone pointed us to Hometown International (HWIN), which owns a single deli in rural New Jersey ... HWIN reached a market cap of $113 million on February 8," Einhorn wrote in Thursday's letter. "Th...

They include the very first document filed by Hometown with the SEC that is publicly available. The companies involved in that conduct — none of which were Hometown International — were incorporated in Nevada with the assistance of Jaclin, who was disbarred in New Jersey last October for his actions. In a 2015 letter to Hometown International, SEC staff wrote, "We believe you are a shell company." Hometown International and its executives have not been accused by the SEC or other government authorities of wrongdoing. 'The pastrami must be amazing' Hometown International's stock, which tra...