indicates it has been closed since Feb. 15, 2020, due to the coronavirus pandemic.
The company was incorporated in 2012 in Florida "to develop an e-waste recycling business" but "was not successful in its efforts and discontinued that line of business," according to SEC filings. "If the Company does not obtain additional capital, the Company will be required to reduce the scope of its business development activities or cease operations."The $100M company that only owns a New Jersey deli with $35,000 in sales over the last two yearsThe stock, which appears to have started trading last July at 2 cents per share — with shares selling for well below $1 apiece for weeks after that — has sharply risen since then.
Volume in Hometown International shares had spiked on the heels of a mocking mention of the company's valuationwho quipped, "The pastrami must be amazing." When CNBC called de Svastich on Wednesday, he snapped, "I don't know who you are, and I don't speak to reporters" — before hanging up the phone. E-Waste's registration and phone number also changed to Coker Sr.'s office in Carrboro, North Carolina. The company entered into a one-year lease for the office there at a monthly rate of $250, the company said in its SEC filing.
The note was signed by Rollo and it was signed as accepted by Morina, the president and CEO of Hometown International. Lindenmuth is vice president and secretary of Hometown International. She also is a math teacher and administrator at Paulsboro High School.An SEC filing says Rollo has served as a patient transporter for New Jersey-based Atlantic Health Systems since March 2020.
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