Hometown Deli in Paulsboro, NJ has a $100 million dollar valuation yet only generated $35,000 in sales

[JackStraw77]

If you have ever seen the movie Boiler Room this stock sounds suspiciously like something right out of the movie. The deli had sales of $35,000 over the last two years. The owner is a wrestling coach for Paulsboro High School who holds 1.5 million shares and warrant for another $30 million. The stock closed Friday at $12.99. This would give the coach a paper valuation of almost $20 million dollars not counting the warrants. The business is apparently some kind shell corporation.


https://www.cnbc.com/2021/04/16/lawyer-hometown-international-deli-owner-stock-scams.html

 

[SmallDaddy]

He should add 'major crypto currencies accepted' in the company description and the value would 4X

 

[Willie99]

Is it on the beach? With a couple of acres of land?

Maybe the sea breeze is blowing those flags

 

[carlspackler]

Is it on the beach? With a couple of acres of land?

Maybe the sea breeze is blowing those flags

Well it is on the lower Delaware with a front row seat to the Philadelphia Int airport.