7 ms·

There’s a single NJ deli doing $35,000 in sales valued $100M in the stock market

• damau 6y ago
  "Tulips" == "Salt Beef" Nice for a bubble to be of a singular nature and moving back to something tangible as opposed to a derivative of a derivative. Maybe I should create an NFT of the deli menu and list a company with the NFT as the only asset. I'd argue that this happening further indicates to me that the stock market is still a Tulip market, except that we adopted it as a form of capitalism to which we can't exit or reform.
  • ritchiea 6y ago
    You could but an NFT with the deli menu has already been done https://opensea.io/assets/0x495f947276749ce646f68ac8c248420045cb7b5e/63493837522798378223513278332479421916774464326232664671973414793170712002561 https://opensea.io/assets/0x495f947276749ce646f68ac8c2484200...
    • damau 6y ago
      Haha fair
• cjbenedikt 6y ago
  NJ, deli, OTC..."Our Cause"???
• WalterGR 6y ago
  $35,000... in the last two years combined!! However, later in the article: "Hometown reported more than $600,000 in expenses last year, up from about $154,000 in 2019. The company also reported a net cash gain of $2.2 million from financing activities, such as selling stock, in 2020." Also interesting: "According to the company’s latest 10-K filing, the company’s single location was closed from March 23 to September 8 of last year because of the coronavirus pandemic. During that time, the company’s stock price rose to $9.25 per share from $3.25 per share."