Rabu, 12 Januari 2011

50 Cent Made $8.7 Million

Yeah, you read it right; 50 Cent just made $8.7 million, although it wasn't off his music. It is great to read that a man that made it out of the hood would be making some Wall Street money- 50 cent made that off shares in...
Rapper 50 Cent made $8.7 million in paper money on Monday thanks to some tweets. The singer helped pop the shares of the penny stock of H&H Imports, in which he has a stake, by talking it up on Twitter over the weekend, the paper said. H&H owns a marketing firm called TV Goods that was founded by Kevin Harrington of ABC reality show Shark Tank fame, according to the paper. H&H stock gained 29 cents to 39 cents on Monday. That helped boost the value of the singer's stake by $8.7 million, the Post said. 50 Cent, aka Curtis Jackson, received 30 million shares of H&H in a private placement last October. In March, the firm's auditor raised questions about its ability "to continue as a going concern." (Hollywood Reporter)

Despite the sudden growth in stock, there is speculation on the company's stability.
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 million-share stake by $8.7 million. (New York Post)

50 spent almost a week's time tweeting bout H&H Imports.
"I own HNHI stock thoughts on it are my opinion. Talk to financial advisor about it.," he tweeted Monday (January 10).
"HNHI is the right investment for me it may or may not be right for u! Do ur homework" (50 Cent's Twitter)


Okay, let me do the math- 50 cent has over 3 million followers on twitter, and some of them would have re-tweeted that message to million other friends (the wonderful power of twitter), so let's say, overall, about 12 million people read his tweets, and with his famous money making abilities, a lot of people would go on and purchase the stock...hmm!!! Good looking 50...that's some smart way to hustle. I respect any man that know how to make that money legitimately- even though i might not really be big on 50's music as of late, i still respect his money making tactics.

Go on 50, make that money 4 ways...music, headphones, wallstreet, and hollywood.

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