50 Cent Tweets, Tiny Stock Soars!

Who says you can't generate profits on twitter Rapper 50 Cent just raked in millions.

The rapper had plenty to state over the weekend with regards to a penny stock referred to as H&H Imports (HNHI), a tiny operation out of Florida. Why? Mainly because 50 Cent put in $750,000 in shares and warrants in the company last fall. A few of these shares can be cashed in only as the stock soars to 15 cents, 25 cents and, indeed, 50 cents.

What better way to power up the stock than to advertise it to your 3.8 million Twitter visitors? That's what the rapper did - and the stock went up by 240 per cent to close at 39 cents Monday.

Today, however, shares are down nearly 12 per cent to 34 cents.

"You could double your cash right now,"50 Cent tweeted. "Just get what you could afford." He sent out a series of messages - most of which have since been removed - that said things like "They aren't any joke get in now."

It took a day or two for reality to set in, and 50 Cent (whose actual name is Curtis Jackson) began backing off from his cheerleading Monday, The New York Viewer reports. He soon began sending more cautious messages to his readers, saying things such as "I own HNHI stock thoughts on it are my estimation. Consult a financial consultant about it."

Jackson also advised his readers to do their homework, stating that "HNHI is the right investment for me it might or might not be suitable for u!"

The New York Post crunched the numbers and calculated that, based 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 raised by about $50 million.

H&H is an incredibly sketchy investment and even got the dreaded "going concern" notice last March as its auditor discussed queries regarding 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 a few funny loans at the company also, the Observer notes. H&H loaned $141,000 to what it describes as "an entity in which our chairman's brother is an officer and entrepreneur."

The leader of H&H gave two loans to the company last year adding up to approximately $215,000.

What, exactly, does H&H do? Bloomberg states it buys and sells ladies bags. Other reports state the company sells sunglasses and also headsets.

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