Get Rich Or Die Tweetin'
When 50 Cent isn't trying to wrassle up Twitter twat, he's giving financial advice to his almost 4 million followers. And in the last couple of days, 50 Cent's Tweeting put $8.7 million on his table. The New York Post says that this past weekend, 50 Cent told his followers that they will double their money if they invest in H&H Imports, a penny stock company of which he's invested in by 290 percent. H&H Imports is some no-name company that operates out of Florida and owns TV Goods, a marketing firm founded by Kevin Harrington of the reality show Shark Tank.
50 Cent peddled one of TV Goods' products at the Consumer Electronics Show in Las Vegas last week. But 50 Cent tried to milk out the money even harder this past weekend when he put on his Suze Orman face for his followers. The details from the Post:
"They are no joke get in now," Jackson told his 3.8 million Twitter followers about TV Goods, which Harrington founded in 2009. It merged with H&H in May.
Jackson received 30 million shares of H&H in a private placement last October, including a series of warrants granting him the opportunity to cash in as the stock rises: at 15 cents, 25 cents or -- no kidding -- 50 cents.
For some of the warrants, he only has to put up 10 cents a share, according to a recent regulatory filing.
Of course, Jackson's hype won't fix the cash-flow problems at H&H. The company lost $1.3 million last quarter on revenues of just $292,933. As of Sept. 30, the company has accumulated a deficit of $3.3 million and in March its auditor raised questions about its ability "to continue as a going concern," the company has said in financial documents.
H&H closed at 39 cents yesterday, up 29 cents, boosting Jackson's 30 30 million-share stake by $8.7 million.
Yesterday, 50 kind of pulled back a bit and told his followers to speak to their "financial advisors" before investing.
I own HNHI stock thoughts on it are my opinion. Talk to financial advisor about it.
HNHI is the right investment for me it may or may not be right for u! Do ur homework.
This is after 50 already rubbed his foreskin to the thought of being $8.7 million richer.
The only thing I invest my coins in is the Centipede game at the bar down the street from my apartment, but I don't think I'd ever take financial advice from 50 Cent. Just because he's named after currency doesn't mean he's a regular Richie Rich in the brains. If that was the case, I'd join Ke$ha's Airplane Game. Yup, that's really how she keeps the whiskey residue on her face fresh.