NJ Deli with HK Connections

[Elefant&Castle]

The $100m deli turns out to be a SPAC - with a HK connection.

“The pastrami must be amazing,” Einhorn quipped in a letter to investors a fortnight ago, citing Hometown’s nine-figure valuation as an example of how toothless financial regulators were permitting a destructive feeding frenzy. “Small investors who get sucked into these situations,” he wrote, “are likely to be harmed.”

Hong Kong-based Maso Capital is in many ways the opposite of the meme traders that have taken stock markets on their wild ride. For much of the past decade, Maso has busied itself finding ways to help cash-rich companies in Asia transition to nimbler balance sheets.

https://www.ft.com/content/4a6d0864-...5-ffad2e8166ee

[Elefant&Castle]

Ticker HWIN - if you want to take a position

https://finance.yahoo.com/quote/HWIN/profile?p=HWIN

[shri]

The $100m deli turns out to be a SPAC - with a HK connection.





https://www.ft.com/content/4a6d0864-...5-ffad2e8166ee

RIP deli and it's HK connection. On a side note what is it with people who stay at Pacific Place Apts..

https://www.sec.gov/litigation/compl...72.pdf?noembed

Three men charged with fraud in $100 million New Jersey deli scheme

https://www.cnbc.com/2022/09/26/thre...ndroidappshare

[SirNotAppearing]

Coming to HBO soon.

[shri]

@SirNotAppearing - Three men and a deli.

[SirNotAppearing]

The Reverse Deli: you make the sandwich for them

[shri]

Feds sought to jail father charged in $100 million NJ deli scam while son is at large

https://www.cnbc.com/2022/09/27/100-...ndroidappshare

[shri]

Son was arrested in Phuket ..

Coker Jr., an American who most recently was known to be living and working as a businessman in Hong Kong, is being held in a Bangkok jail for the next several weeks before his expected extradition, the Associated Press reported Friday.

Thai police, in a statement, said Coker Jr. entered the country with a passport issued by the Caribbean island of St. Kitts and Nevis. That nation sells citizenship in exchange for investments there, the AP noted.

“Mr. Coker Jr. voluntarily consented to be extradited to the U.S., which has simplified the court’s legal process,” Teerat Limpayaraya, a prosecutor in Thailand’s Attorney General’s office, told the AP.

https://www.cnbc.com/2023/01/20/new-...tradition.html

[shri]

A follow up piece...

https://defector.com/man-admits-shoc...-part-of-fraud

[shri]

Father, son plead guilty in $100 million New Jersey deli stock scheme

A father and son pleaded guilty to orchestrating a brazen stock manipulation scheme involving a small New Jersey deli whose parent company had an improbable market capitalization of $100 million.

The men, Peter Coker Sr., and Peter Coker Jr., are scheduled to be sentenced next spring in the case in U.S. District Court in Camden, New Jersey.

A third defendant, James Patten, previously pleaded guilty to the same charges of securities fraud and conspiracy to commit securities fraud in connection with the company once known as Hometown International.

https://www.cnbc.com/2024/12/19/fath...ndroidappshare