Why was the New Jersey Deli delisted?
The $100 million company that owns only a single New Jersey deli was delisted from the OTCQB over-the counter market “for not complying with the rules” and slapped with a warning label for would-be buyers on Wednesday night, the CEO of the company that operates that market said in a tweet.
How long does Hometown International have to join the OTCQB market?
In a statement, OTC Markets Group said Hometown International did not meet the standards of its OTCQB Market, and that it may not reapply to join the market for at least 90 days.
Who flagged Hometown International?
The action came six days after the deli owner, Hometown International, was flagged as a warning to retail stock customers in a client letter by hedge fund manager David Einhorn.
