|
|
50 Cent Twitter Posts, Tiny Share Increases!
Who says you can't make a profit on twitter Rapper 50 Cent just raked in millions.
The rapper had plenty to say over the weekend with regards to a penny stock called H&H Imports (HNHI), a tiny operation out of Florida. Why? Because 50 Cent put in $750,000 in stocks and shares and warrants in the company last fall. A few of these shares can be cashed in only as the stock rises to 15 cents, 25 cents and, indeed, 50 cents.
What better way to pump up the stock than to promote it to your 3.8 million Twitter visitors? It is precisely what the rapper did - and the stock increased by 240 per cent to close at 39 cents Monday.
Today, however, shares are down nearly 12 per cent to 34 cents.
"You can double your cash right now,"50 Cent tweeted. "Just get what you can afford." He sent out a series of messages - some of which have since been removed - that said things such as "They aren't any joke get in now."
It took a day or two for reality to set in, and 50 Cent (whose real name is Curtis Jackson) began backing off from his cheerleading Monday, The New York Onlooker reports. He began sending more cautious messages to his readers, stating things such as "I own HNHI stock thoughts on it are my opinion. Seek the advice of a financial advisor about it."
Jackson also told his readers to do their research, proclaiming that "HNHI is the right investment for me it may or may not be suitable for u!"
The New York Post crunched the numbers and realized that, based on H&H's close at 39 cents Monday, Jackson's stake of 30 million shares gained in value by $8.7 million. The entire company's value raised by approximately $50 million.
H&H is an incredibly sketchy investment and even got the dreaded "going concern" notice last March as its auditor shared queries about the company's future. The company reported less than $300,000 in revenue last quarter but lost $1.3 million, the Post reports.
There are some funny loans at the company also, the Observer notices. H&H loaned $141,000 to what it describes as "an entity in which our chairman's brother is an officer and owner."
The leader of H&H made two loans to the company last year total ling approximately $215,000.
Exactly what does H&H do? Bloomberg states it buys and sells women's bags. Other reports say the company sells sunglasses and distributes headsets.
How To Make Goals And Realise Them. Perhaps A Dream To Make A Million Dollars Quickly Will Be Your Aim?
Reduce your goals into smaller, more readily achievable goals. When you have completed and formalised your goal statement, you need to turn it into a plan of action. Study, analyse and quantify the necessary steps that need to be done to achieve each goal and mini-goal
3 Easy Network Marketing Prospecting Approaches To Expand 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 Strategies, 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!
What Is Affecting 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!
In This Article You Will Learn About 3 Effortless Ideas That Will Help You To Make An Insane Flow Of Network Marketing Leads
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.
Could Max International Be The Home Business Opportunity You Happen To Be 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.
Strategies To Work Smarter Not Harder Which Will Transform The Rest Of Your Life
If you ever wondered how the wealthy get that way, they know the secret of how to work smarter not harder. You can learn that too. It's easier than you may think.
Insights About The 5 Tips That Can Certainly Launch Your Business To The Top
Network marketing success can be a 'cake walk', if you carry out the latest MLM Recruiting and MLM Sponsoring tactics into your business.
|
More Articles
Blogroll
|
