This story is a couple years old but well worth retelling just because it's so fuckin' Jersey. Seriously. The deli closed about three years ago, but the scam will live forever. Hometown International, the mystifying New Jersey deli company that was valued at nearly $100 million on the stock market - despite running just a single deli - closed. Paul Morina, a local high school principal and renowned wrestling coach in the area, was removed from the CEO (seriously) position after a vote by majority shareholders.
Morina owned about 1.5 million shares of the Paulsboro-based company, whichwere worth more than $18.5 million based on the company’s stock price at the time.
Shareholders of the company also ousted the company’s only other executive, vice president and secretary Christine Lindenmuth, who works in her day job with Morina as an administrator at Paulsboro High School.
Believe it or not, the company still exists, but finding out who it is or what it does is a little like looking for bodies in the Meadowlands. It still has a Market Cap of
$ 63.607,000.00. Go figure. Here's their symbol: HWIN.



Thinly traded candidate for delisting. A lich. Hanging around because nobody's gotten to bury it yet.
ReplyDeleteAbout that deli: I smell some Major-League money laundering there.
ReplyDelete