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$100 million NJ deli linked to shell company E-Waste, whose stock has soared despite having no real business
CNBC ^ | 21 April 2021 | Dan Mangan

Posted on 04/24/2021 3:41:10 PM PDT by DUMBGRUNT

E-Waste CEO John Rollo recently had a job that is unusual for the head of a company that on paper is worth tens of millions of dollars: a patient transporter at a northern New Jersey hospital.

Peter Coker Sr., a North Carolina businessman, is connected to both companies. Coker son Peter Jr. is chairman of the deli company, whose CEO is high school principal and wrestling coach Paul Morina.

E-Waste’s stock, like that of deli owner Hometown International, has soared in the past year, also giving it market capitalization of more than $100 million earlier this month. This surge happened despite E-Waste having no significant ongoing business, records show.

The E-Waste CEO’s career history is full of other surprising detours. Rollo, 66, who did not return a call seeking comment, previously won two Grammy awards during his extensive career as a recording engineer and producer on albums by artists such as The Kinks, Joe Cocker, Whitney Houston, Kool & the Gang and Quiet Riot, according to records.

(Excerpt) Read more at cnbc.com ...


TOPICS: Business/Economy; Chit/Chat
KEYWORDS:
Well, it is New Jersey.
1 posted on 04/24/2021 3:41:10 PM PDT by DUMBGRUNT
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To: DUMBGRUNT
stock has soared despite having no real business

Same applies at the macro level.

There is no good news nationally (fake stolen president), daily false flag shootings, nor internationally (Ukraine/Taiwan/Iran/Evergiven-WMD-child-trafficking), yet the DOW is around 34000.

2 posted on 04/24/2021 3:49:51 PM PDT by C210N (You can trust government or you can understand history. But you CANNOT do both.)
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To: DUMBGRUNT

Hope it’s not Jersey Mike’s.


3 posted on 04/24/2021 4:16:22 PM PDT by libertylover (Our biggest problem by far: most of the news media is agenda driven, not truth driven.)
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To: C210N
"yet the DOW is around 34000."

Read an article that laid it all out that 401ks have worked to perfection for the big fish in that we are at the historical Boomer apex where the vast majority of Boomers and just behind, are willing to let the DJIA drive their mutual funds slowly in the right direction, while the voting stock crowd scapes billions.

Which is a dare to buy "A" stocks and control the argument again as we used to.

4 posted on 04/24/2021 4:19:22 PM PDT by StAnDeliver (Eric Coomer of Dominion Voting Systems Is The Blue Dress)
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To: DUMBGRUNT

Advanced money laundering


5 posted on 04/24/2021 4:20:23 PM PDT by Skywise
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To: DUMBGRUNT

The Soprano family has gone high-tech. Tony was head of a waste company that had no real business. Now perhaps Meadow has gone into into an e-waste business so as to launder money.


6 posted on 04/24/2021 4:27:26 PM PDT by Responsibility2nd (Actual FR Quote: “I ain’t getting no Covid Vaccine. I’d rather get Covid and DIE before I get a jab.)
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To: Skywise
Hometown pays more in consulting fees over three months than its underlying deli business made in sales over the past two years.

Money Laundering was my first though also.
7 posted on 04/24/2021 5:03:22 PM PDT by eyeamok (founded in cynicism, wrapped in sarcasm)
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To: Responsibility2nd

E-waste disposal has been a growth industry. Started out being the place to dump spam emails, but now includes just about half the internet.


8 posted on 04/24/2021 5:05:01 PM PDT by monkeyshine (live and let live is dead)
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To: DUMBGRUNT

Fake news...
Nothing illegal about this...


9 posted on 04/24/2021 5:59:11 PM PDT by SuperLuminal (Where is another Sam Adams now that we desperately need him?)
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To: SuperLuminal

—”Nothing illegal about this...”

I have heard you can pee in the middle of the road in New Jersey and it is legal?


10 posted on 04/24/2021 6:10:48 PM PDT by DUMBGRUNT ("The enemy has overrun us. We are blowing up everything. Vive la France!"Dien Bien Phu last message.)
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To: DUMBGRUNT

Heard that too. You can’t pump your own gas because you can’t be trusted with a hose but you can pee in the road..


11 posted on 04/24/2021 7:26:52 PM PDT by Adder ("Can you be more stupid?" is a question, not a challenge.)
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To: DUMBGRUNT

Hunter Biden involved?


12 posted on 04/25/2021 3:23:36 PM PDT by SgtHooper (If you remember the 60's, YOU WEREN'T THERE!)
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To: SgtHooper

—”Hunter Biden involved?”

Yes, but nobody knows he is running the show.


13 posted on 04/25/2021 3:52:04 PM PDT by DUMBGRUNT ("The enemy has overrun us. We are blowing up everything. Vive la France!"Dien Bien Phu last message.)
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