|
|
The Power Of Social Media
Who says you can't earn money on twitter Rapper 50 Cent just raked in millions.
The rapper had a lot to say over the weekend with regards to a penny stock named H&H Imports (HNHI), a small operation out of Florida. Why? Mainly because 50 Cent invested $750,000 in shares and warrants in the company last fall. Some of those shares can be cashed out only as the stock rises to 15 cents, 25 cents and, indeed, 50 cents.
What better way to pump up the stock rather than advertise it to your 3.8 million Twitter followers? That's what the rapper did - and the stock went up by 240 per cent to close at 39 cents Monday.
Today, however, stocks 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 number of messages - most of which have since been deleted - that said things like "They are no joke get in now."
It took a day or two for the fact to set in, and 50 Cent (whose real name is Curtis Jackson) began backing off from his cheerleading Monday, The New York Observer states. He soon began sending more cautious messages to his followers, saying things like "I own HNHI stock ideas on it are my opinion. Seek the advice of a financial advisor regarding it."
Jackson also advised his followers to do their homework, stating that "HNHI is the right investment for me personally it may or may not be suitable for u!"
The New York Post crunched the numbers and figured that, depending on 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 shot up by about $50 million.
H&H is an extremely sketchy investment and even got the dreadful "going concern" notice last March as its auditor shared queries 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 as well, the Observer notes. H&H lent $141,000 to what it describes as "an entity where our chairman's brother is an officer and owner."
The leader of H&H made two loans to the company this past year adding up to about $215,000.
What, exactly, does H&H do? Bloomberg says it buys and markets women's bags. Other reports say the company offers sunglasses and also headphones.
Listed Here Are The Best Kept Secrets Of The Rich And They Are Yours Free Of Charge!
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.
Tips On How To Make Goals And Realise Them. Possibly A Goal To Make A Million Dollars Quickly Might 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
MPB Today Business Opportunity Survey, Objective Review And Advantages And Drawbacks Of MPB Today
MPB Today is the Marketing Arm of Southeastern Delivery, a Grocery Delivery Service Business out of Pensacola Florida. While Southeastern Delivery was founded in 2009, MPB Today opened its doors on May 23rd 2010 and hit the ground running! Over 50,000 new affiliates joined in only 7 Months.
3 Simple Network Marketing Prospecting Techniques 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.
Facebook Marketing: Several Plain And Simple Tips You Can Get Going Using Today
In this post I share 3 simple Facebook marketing tips that you can start using right now to help brand yourself and create targeted leads.
Pre-Paid Legal Leads - 3 Choices, Which Is Best?
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 Learn About 3 Easy Tips To Produce An Endless Number 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.
|
More Articles
Blogroll
|
