If you have a small no-name penny stock company and you are looking to get off the ground, we suggest getting 50 Cent to tweet about it. According to the New York Post, the rapper made $8.7 million over the weekend after he tweeted about Clearwater, FL-based H&H Imports, which owns TV Goods.
“You can double your money right now. Just get what you can afford,” Fitty tweeted.
“They are no joke get in now,” Jackson told his 3.8 million followers.
Apparently, people did. Because 50 Cent says his shares increase by 290% because of his tweets. So now people are taking investing advice from 50 Cent? Well, he is rich, so he probably has an idea what to do with money.
50 Cent received 30 million shares of H&H last October and he was given the opportunity to cash in those shares at $0.15, $0.25 and – shockingly – $0.50.
H&H closed at $0.39 per share yesterday, up $0.29. That made Fifty’s 30 million shares increase by $8.7 million. He should cash in soon, the company lost $1.3 million last quarter. Ouch.
