Hometown International, Inc (HWIN)

[STOCKPICKER4LIFE]

Yeah I agree with you. What a bunch of BS. The SEC needs to wake up.

[Big Brother]

So HWIN, an SEC filer, very thinly traded through its history, no pumping, no dumping, no toxic convertible financing deals with nefarious lenders, no nefarious officers with a past history of scams, etc, etc is a supposed 'public interest concern'........... however.........this stinky Pink, no info....AT_CC which has a $10 TRILLION dollar market cap...yes Trillion, that's OK??.....lol....what a load of BS.

[absintheminded90210]

Don’t think the CE will make much difference here. Whoever’s been supporting this price will prob keep doing so.

[MikeyInTheD]

Stock will go to below $0.75 and be very attractive given the cash on hand.

[Pro-Life]

David Einhorn Sees Broken Markets in a New Jersey Deli Valued at $105 Million

https://www.msn.com/en-us/money/companies/david-einhorn-sees-broken-markets-in-a-new-jersey-deli-valued-at-24105-million/ar-BB1fH4T8?ocid=uxbndlbing

[makinezmoney]

$HWIN : Funny Stuff !

What’s going on with $HWIN? 🥪 pic.twitter.com/Enb7cznLzz

— Kyla Scanlon (@kylascan) April 17, 2021

GO $HWIN

[makinezmoney]

$HWIN: Maybe they are selling Sliced $DOGE meat ?

That’s gotta be it......

https://www.cnbc.com/2021/04/15/theres-a-single-new-jersey-deli-doing-35000-in-sales-valued-at-100-million-in-the-stock-market.html


GO $HWIN

[TheFinalCD]

HWIN wow

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

https://www.cnbc.com/2021/04/15/theres-a-single-new-jersey-deli-doing-35000-in-sales-valued-at-100-million-in-the-stock-market.html?utm_term=Autofeed&utm_medium=Social&utm_content=Main&utm_source=Twitter#Echobox=1618515568


https://www.cnbc.com/2021/04/15/hometown-international-nj-deli-owner-worth-millions-in-stock.html

oh boy~!


how is this one gonna END~!?

[Big Brother]

HWIN is a reverse merger vehicle, I posted about this a long time ago when it first started trading. Speculators buy these based on what could be, not necessarily what is.....it's not all that different than the big board SPACs really. Assets get parked in these temporarily, until merger/acquisition targets are located, it's very common.

IMO David Einhorn made a big stink about nothing, there are FAR more ridclious OTC companies out there.

On April 14, 2020 (the “Closing Date”), Hometown International, Inc., a Nevada corporation (the “Company”), consummated private offers and sales (collectively, the “Offering”) of an aggregate of 2,500,000 shares (the “Shares”) of common stock to three accredited investors (each, an “Investor”) for gross cash proceeds of $2,500,000 (the “Purchase Price”), pursuant to the terms of a Subscription Agreement between the Company and each of the Investors (each, a “Subscription Agreement”). As of the Closing Date, the Company had 7,797,004 shares of common stock issued and outstanding.

The Company intends to utilize the net proceeds from the Offering to finance an investment banking program to evaluate potential merger candidates for the Company, and for working capital and general corporate purposes.

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=152369039&txt2find=hwin

[absintheminded90210]

Getting more and more intriguing.

[Slojab]

Like a dog with a bone, the news outlets aren't giving up on this story.

https://www.msn.com/en-us/money/companies/lawyer-linked-to-creation-of-100-million-new-jersey-deli-firm-pleaded-guilty-in-shell-company-scheme/ar-BB1fJCPx?ocid=msedgntp

Yeah, people are always looking to "buy the dips". Next week will probably provide more opportunities for them. :-}

[absintheminded90210]

Based on the life of this ticker and today’s volume it actually looks like people woke up and bought the “deli” today.

[janeyH]

people are waking up today and saying "f*** i bought a f***ing deli"

[Slojab]

Yeah, but the SEC will. They're already looking at them so if there's anything to uncover, they will.

[absintheminded90210]

Thanks I saw that too. They’re still not digging deep enough.

[Slojab]

Here's another story from Business Insider.

https://www.msn.com/en-us/money/companies/the-owner-of-a-single-new-jersey-deli-boasts-a-105-million-market-cap-despite-making-only-14-000-in-sales-last-year/ar-BB1fIQMC?ocid=msedgntp

[absintheminded90210]

I put the “deli” in quotes for a reason. I’m not talking about the deli. Talking about the ticker that everyone seems to think is just a deli. Def curious to watch the price. With the volume this usually has this has got to be 99% short today.

[Slojab]

I'll be more interested to see what traders do to the sp. And why anyone would take a position in this ticker.

I doubt they'll do anything with the deli, btw. It's not in the picture from what I can tell. Doubt it would even sell if they put it on the market.

[absintheminded90210]

When I first read the CNBC article I blew it off and thought someone is going to do time. After actually reading the fins I’m not so sure. Ignoring the obviously unimportant deli ceo & vp the rest of these guys from Coker to the attorney to the Chinese VC don’t seem like the normal otc scammer type. It’ll be interesting to see what they do with the “deli”

[Slojab]

I wonder what their hours were to generate that revenue? Or maybe it was the population in the area. The neighborhood was pretty run down. They should convert it to a liquor store.

[rbtree]

Wow. A roaring business at the Deli... Even before covid, sales were....ummm..a tad tepid?

Comparison for the Fiscal Year Ended December 31, 2020 and 2019



We generated revenue of $13,976 and $21,772 for the years ended December 31, 2020 and 2019, respectively. The decrease in revenue is attributed to the deli being closed due to COVID-19. The deli was re-opened on September 8, 2020, with a “soft opening” to a limited audience, prior to its “Grand Re-Opening” to the public on September 22, 2020.



The total cost and expenses was $638,414 for the year ended December 31, 2020, compared to $153,930 for the year ended December 31, 2019. This increase in costs and expenses is primarily due to $320,000 of consulting fees paid to related parties during the year ended December 31, 2020, an increase of $113,991 in professional resulting from the registration statement filed by the Company during the year ended December 31, 2020 and an increase of $59,909 in general and administrative expenses. Increase in general and administrative fees was attributable to fees required in connection with filing with the Security and Exchange Commission and an increase in general business expenses.

[Slojab]

No idea. I haven't looked into it.

[absintheminded90210]

So what do you think Coker is doing?

[Slojab]

The article touched on the real story, but only briefly and not nearly as comprehensively as they could have but then, they're not DD sleuths looking to give a complete story warning traders of the troubles in this ticker.

But from the action so far today, it seems they did well enough.

[absintheminded90210]

Yes, weird that all these finance news folks are running with the deli story.

[Slojab]

Because it's far more than a deli. Actually, the deli isn't even a part of the story here.

https://www.sec.gov/Archives/edgar/data/0001632081/000000000020008024/filename1.pdf

[absintheminded90210]

Weird they didn’t mention all the VC firms with holdings in the deli. You’d think the hedge fund smart guy would know how to read a fin.

[absintheminded90210]

Why is a deli using www.cronelawgroup.com as their counsel.

[conix]

More like CNBC trying to warn novice retail traders.

https://www.cnbc.com/2021/04/15/theres-a-single-new-jersey-deli-doing-35000-in-sales-valued-at-100-million-in-the-stock-market.html

[jaxstraw]

Coker owns no stock it seems....
..... can't say that about his father though....

[BullishSwag]

CNBC trying to scare off new guys. This is a dumb example, not even $100k trades a in a single day. This is manipulated higher by less than $20k bid, probably daisy chain fraud.

[highstakes]

Qb canadian. ?

[absintheminded90210]

If what’s true?

[Slojab]

The 10-K is pretty interesting, too.

The article didn't even scratch the surface.

[jk70]

I know Paul... if this is true he’s Fucked! Sad:(

[absintheminded90210]

I think there’s more to the story with Peter Corker. He doesn’t seem to be the normal otc scammer type.

[MikeyInTheD]

If the company has $2.2 million in cash there is more to the story than a company with $35k in sales. There must be planned expansion otherwise why did they need such a large capital raise? This isn’t worth $100million but it’s worth at least $5million.

[absintheminded90210]

Is David einhorn short here...

[equijohn]

Just did ..... Wow

[janeyH]

did anyone else see the CNBC piece on this ... unbelievable