4 ms·
This is reminiscent of a sub shop making $35K/yr that was publicly traded and valued at around $100MM. Turned out to be a Chinese shell company. [0] [0]: https
by kolanos 5y ago
This is reminiscent of a sub shop making $35K/yr that was publicly traded and valued at around $100MM. Turned out to be a Chinese shell company. [0]
[0]: https://www.cnbc.com/2021/04/15/theres-a-single-new-jersey-deli-doing-35000-in-sales-valued-at-100-million-in-the-stock-market.html https://www.cnbc.com/2021/04/15/theres-a-single-new-jersey-d...
- bilalq 5y agoThis is even crazier though. That was an OTC stock. This is traded on the NASDAQ and has SEC filing obligations.
- lawkwok 5y agoI remember that story, although the article doesn’t mention any Chinese shell company?
- vitus 5y agoCNBC followup the next day: https://www.cnbc.com/2021/04/16/lawyer-hometown-international-deli-owner-stock-scams.html https://www.cnbc.com/2021/04/16/lawyer-hometown-internationa... > In a 2015 letter to Hometown International, SEC staff wrote, “We believe you are a shell company.”