Shell company E-Waste disavowed its own sky-high stock market valuation of $106 million, three days after an identical move by the mysterious corporation that owns just a single New Jersey deli.
The deli company, Hometown International, has multiple connections to E-Waste. Each company has a market capitalization of about $100 million, which does not reflect either company’s meager business operations.
“The management of E-Waste Corp. … disavows the price of its publicly quoted stock on the OTC Markets under the trading symbol ‘EWST,’” the company said in an 8-K filing with the SEC.
The shell company E-Waste Corp. on Monday disavowed its own sky-high stock market valuation of $106 million, three days after an identical move by the mysterious corporation that owns just a single small New Jersey deli.
The deli company, Hometown International, has multiple connections to E-Waste, which has no actual business operations.
Both companies are thinly traded, at best, on the over-the-counter market.
