|
|
50 Cent Tweets, Tiny Share Increases!
Who says you can't make money on twitter Rapper 50 Cent recently raked in millions.
The rapper had plenty to say over the weekend about a penny stock called H&H Imports (HNHI), a small operation out of Florida. Why? Simply because 50 Cent put in $750,000 in shares and warrants in the company last fall. Some of those shares could be cashed in only as the stock rises to 15 cents, 25 cents and, yes, 50 cents.
What better way to pump up the stock rather than publicize it to your 3.8 million Twitter fans? That's what the rapper did - and the stock rose 240 per cent to close at 39 cents Monday.
Presently, however, shares are down nearly 12 per cent to 34 cents.
"You can double your money right now,"50 Cent tweeted. "Just get what you can afford." He sent out a number of messages - most of which have since been removed - that said things like "They are no joke get in now."
It took a couple of days for reality to set in, and 50 Cent (whose real name is Curtis Jackson) began backing off of his cheerleading Monday, The New York Observer claims. He soon started sending more cautious messages to his fans, saying things like "I possess HNHI stock thoughts on it are my opinion. Talk to a financial advisor regarding it."
Jackson also advised his fans to do their homework, saying that "HNHI is the perfect investment for me it may or may not be right for u!"
The New York Post crunched the numbers and realized that, according to H&H's close at 39 cents Monday, Jackson's risk of 30 million shares gained in value by $8.7 million. The entire company's value increased by about $50 million.
H&H is an extremely sketchy investment decision and even got the dreaded "going concern" notice last March as its auditor shared doubts about the company's future. The company reported less than $300,000 in income last quarter but lost $1.3 million, the Post reports.
There are a few funny loans at the company too, the Observer notes. H&H lent $141,000 to what it explains as "an entity in which our chairman's brother is an officer and owner."
The chief executive of H&H made two loans to the company a year ago adding up to approximately $215,000.
What, exactly, does H&H do? Bloomberg says it purchases and sells women's handbags. Other reports say the company markets sunglasses and also headsets.
Businesses Can No More Afford To Dispute The Importance Of Social Media Marketing, And Take Hold Of Their Brand's Voice.
Today, companies can no longer afford to deny the importance of social media marketing, and take hold of their brand's voice. While managing a social media campaign should be considered an integral part of every company's marketing and PR efforts, it can require more work than you think.
3 Simple Network Marketing Prospecting Strategies To Grow Your Business
Network marketing prospecting is the lifeblood of any business. Without leads, you have no business! Implement these 3 simple strategies today to leap frog ahead of your competition.
Pre-Paid Legal Leads - Three Ways To Go, Which Is Most Productive?
Prepaid Legal leads can make the difference between success and failure in your business. But, not all leads are created equally. Read this article you'll discover the three main "archetypes" of prepaid legal leads, as well as which are the most efficient in growing your downline!
In This Article You Will Discover 3 Effortless Ideas To Generate A Large Flow Of Network Marketing Leads Utilizing Safelists
Steve Hawk, network marketing leader and success coach, writes about 3 easy steps you can take to improve your safelist marketing results and generate a consistent flow of network marketing leads.
What Is Disturbing The Network Marketing Industry ?
Steve Hawk offers a few thoughts about why he thinks the failure rate in the network marketing industry is so high. His answers may not be what you are expecting!
Could Max International Be The Online Business Opportunity You Are Searching For?
Max International is a company that was established in January of 2006 that is beginning to make some noise and is worth taking a closer look at.
The Following Are Some Of The Best Kept Secrets Of The Rich And They Are Yours At No Cost At All!
You just know they had something that you didn't besides money. You just knew it didn't you? You knew they had a secret. If only you could get your hands on it. It just could be secrets of the rich.
Many People Consider A Home-Based Business Is The Way To Make A Quick Million, Might This Be The Case?
A home business entitles you to home business tax deductions, which is a tax deduction category all by itself. (Do not forget to secure the services of a good accountant in order to be able to maximise your tax claims when you file a tax return)
|
More Articles
Blogroll
|
