The shares of Duke and Vanderbilt, among the biggest stakes in Hometown International, were acquired in the past year as part of what financial filings indicate is an effort to use Hometown International as well as a shell company called E-Waste as vehicles for private companies to become publicly traded on U.S. stock markets through either reverse mergers or similar maneuvers.
It is not clear whether Duke and Vanderbilt are among the would-be buyers of shares in E-Waste, which last week announced it was offering to sell stock for $2.5 million. E-Waste, which is tied to people connected to Hometown, and which has borrowed money from the deli owner, has no ongoing business, but despite that has a market capitalization of more than $100 million.
Management is aware of no basis to support the Company s stock price, based upon its revenue or assets, said that filing.
The document was signed by Hometown International Chairman Peter Coker Jr., who is based on Hong Kong.
Other recent SEC filings by Hometown International have been signed by its CEO and president, Paul Morina.
The 62-year-old Morina is the principal at Paulsboro, New Jersey, High School, where he also coaches that school s renowned wrestling team. Hometown s only other executive officer, Christine Lindenmuth, is an administrator at Paulsboro HS.
HWIN closed trading Friday on the Pink market at $12.55 per share, down 3.46%. Just 852 of its nearly 8 million common stock shares outstanding having changed hands.
PBF Energy Announces First Quarter 2021 Results
- First quarter income from operations of $57.7 million (excluding special items, first quarter loss from operations of $317.8 million)
- First quarter consolidated ending cash balance of approximately $1.5 billion
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PARSIPPANY, N.J., April 29, 2021 /PRNewswire/ PBF Energy Inc. (NYSE:PBF) today reported first quarter 2021 income from operations of $57.7 million as compared to loss from operations of $1,366.8 million for the first quarter of 2020. Excluding special items, first quarter 2021 loss from operations was $317.8 million as compared to loss from operations of $134.0 million for the first quarter of 2020. PBF Energy s financial results reflect the consolidation of PBF Logistics LP (NYSE: PBFX), a master limited partnership of which PBF Energy indirectly owns the general partner and approximately 48% of the limited partner interests as of quarter-end.
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It just got harder for the Democrats who control Bergen and Hudson counties to hold onto their ICE contracts at local jails.
Essex County announced yesterday that now that it has an agreement with Union County to house its inmates, it’s going to end its contract with the federal immigration enforcement agency. The last ICE inmates will leave by the end of August.
PBF Energy Announces First Quarter 2021 Results benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.