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There is a connection between Duke, Vanderbilt and Rutgers

Hometown Deli in Paulsboro, NJ

Mike Kalia | CNBC

Investment funds from two U.S. universities, Duke and Vanderbilt, own a significant portion of the $ 100 million worth of mysterious company stake in the stock market, even though they own only a small deli in New Jersey. I will.

Duke and Vanderbilt shares Hometown International Acquired by their Hong Kong-based weapons under the direction of Maso Capital Partners, The financial statements reveal that it is a Hong Kong entity that is itself an investor in a deli-owning company.

The shares of Duke and Vanderbilt, one of Hometown International’s largest shares, were acquired over the past year as part of what Financial Filing has shown to be an effort to use Hometown International. .. As a shell company Called E-Waste — As a means for private companies to be listed on the US stock market, either through a reverse merger or similar operation.

It’s unclear whether Duke and Vanderbild will be buyers of E-Waste shares, which they announced last week to sell their shares for $ 2.5 million. E-Waste, which has tied up with people related to its hometown and borrowed money from deli owners, does not have an ongoing business, but nevertheless has a market capitalization of over $ 100 million. ..

According to Financial Filing, Maso Capital’s Co-Chief Investment Officer, Manoji Jain, has the sole voting and investment power in Hometown International shares held by the two universities. Jain was previously Managing Director of the asset management company Och-Ziff (now known as Sculptor Capital Management).

The role of Duke and Vanderbilt as international shareholders in his hometown First reported by the Financial Times.

According to financial records, the same Duke and Vanderbild investment vehicles, which are shareholders of the deli owner, were previously listed as substantial shareholders. With Maso Capital of Paladin Energy, an Australian company that had a uranium mining business in Africa.

They also show that the Duke and Vanderbild entities hold shares. In so-called special acquisition companies Daddel Street Acquisition Corporation.. , Created by Maso Capital last year and launched on NASDAQ.

Rutgers, the third American university, is paying $ 1,100 a month for CNBC’s learning in the office space on Mantua Avenue next to Paulsboro, NJ.

Paul Morina, CEO of the delicatessen company, is one of the partners of the landlord entity Mantua Creek Group LLC.

The involvement of the three universities in Hometown International and the landlord of Deli raises further questions about the mysteries surrounding Hometown. Hometown has a market capitalization of $ 100 million and does not reflect the basic value of the deli it owns at all. The deli recorded sales of only $ 35,000 in 2019 and 2020 combined.

Rutgers rent

Rutgers space Paul’s Boro Drinking Water Study by the University School of Public Health, This is being done in collaboration with the US Centers for Disease Control and Prevention and the Federal Agency for Toxic Substances and Disease Registry.

Rutgers, a public university based in New Brunswick, NJ, pays Manchua Creek Group rent under a 24-month lease that began last September. The Rutgers Lab is on 541B Mantua Avenue and the hometown Deli is on 541A Mantua Avenue.

Hometown International itself pays Deli Space $ 500 per month to Manchua Creek Group.

Paul’s Boro Wrestling Club and Monster Factory Wrestling School are in separate buildings, 541 C Mantua Ave. It is in.

Hometown International CEO Molina Principal of Paul’s Boro High School and head coach of a well-known wrestling team..

A Rutgers spokeswoman said there was no information on how the university chose the location of its office in Paul’s Boro.

Office space rented by Rutgers next to Your Hometown Deli in Paulsboro, NJ

Mike Kalia | CNBC

The lease agreement between Haglöfs and Hometown was signed by a man named James Patten, who works as an analyst at Tryon Capital, a North Carolina company managed by Peter Coker Sr., the father of Peter Coker Jr., chairman of the deli company. It was.

Patten, who wrestled with Molina in high school, Forbidden to act as a stockbroker after a series of disciplinary actions, According to FINRA, the entity that regulates broker-dealers.

Duke and Vanderbilt shares

Hometown International’s latest annual report, filed last month, shows that Duke’s entity, Blackwell Partners LLC — Series A, holds 1.38 million shares of Hometown International’s common stock. Duke holds a warrant to buy an additional 27.6 million shares.

StarV Partners LLC, an entity of Vanderbilt, holds 663,750 shares of common stock of the company and has a warrant to purchase an additional 13.27 million shares.

University shares, including common stock and warrants, were acquired for a total of approximately $ 2 million.

On paper, these common stocks alone are worth more than $ 26 million, given Hometown International’s recent closing price of $ 13 per share.

However, home stocks are traded thinly at best. As a result, and because it has no valuable assets other than its existence as a publicly traded company, it is probably impossible for anyone, including Duke and Vanderbild, to sell their shares in large blocks near current trading prices.

It’s not clear if Vanderbilt and Duke are among the recent buyers.

Strange incident in hometown international

CNBC in the last two weeks has detailed criminal cases and civil proceedings Regulatory sanctions on people related to Hometown International, Last week, the listing on the over-the-counter market was removed due to irregularities in the financial statements.

These filings show that Hometown International’s largest shareholder includes a group of opaque entities on the same floor of the same office building in Macau, China.

Earlier this week, CNBC’s article ended Hometown International and E-Waste. Peter Coker Sr.Consulting contract paid to Try on Capital It costs $ 15,000 per month for deli owners and $ 2,500 per month for e-waste.

Another company that connects to Coker Senior, TM Medical Properties LLC states on its website that it has leased space to multiple healthcare-related entities, including the Vanderbuilt Medical Center Clinic.

Hong Kong-based son of Coker Senior, Peter Coker Jr., There is a board seat among other positions so Daddel Street Acquisition Corporation.. , SPAC company linked to Maso Capital Last fall, the stock opened on Nasdaq..

Duddell Street Acquisition, whose name reflects the address of Maso Capital’s Hong Kong office. Say it on that website “A newly established blank check established as a Cayman Islands Exempt Company for the purpose of a merger, share exchange, asset acquisition, share purchase, restructuring, or similar business combination with one or more businesses. The company. As our first business combination. “

There is a connection between Duke, Vanderbilt and Rutgers

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