Hometown International, Inc (HWIN)

[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.

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