Hometown Deli, Paulsboro, N.J.

Mike Calia | CNBC

The shell company E-Waste 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 New Jersey deli.

The deli company, Hometown International, has multiple connections to E-Waste. Both companies have a market capitalization of about $100 million, which does not reflect their 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.

“Management is aware of no basis to support the Company’s stock price, based upon its revenue or assets,” the filing said.

This is breaking news. Check back for updates.



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