50 Cent Twitter Posts, Tiny Share Soars!

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

The rapper had a lot to state over the weekend about a penny stock known as H&H Imports (HNHI), a small operation out of Florida. Why? Because 50 Cent put in $750,000 in shares and warrants in the company last fall. Some of those shares can be cashed out only as the stock soars to 15 cents, 25 cents and, yes, 50 cents.

What better way to power up the stock rather than promote it to your 3.8 million Twitter visitors? It is exactly 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 could double your money right now,"50 Cent tweeted. "Just get what you could afford." He sent out a number of messages - some of which have since been removed - 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 actual name is Curtis Jackson) began backing off of his cheerleading Monday, The New York Viewer claims. He began sending more cautious messages to his readers, saying things like "I own HNHI stock ideas on it are my estimation. Speak to a financial consultant regarding it."

Jackson also told his readers to do their homework, stating that "HNHI is the right investment in my opinion it might or might not be right for u!"

The New York Post crunched the numbers and discovered that, according to H&H's close at 39 cents Monday, Jackson's stake 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 extremely sketchy investment and even got the dreadful "going concern" notice last March as its auditor discussed doubts regarding 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 some funny loans at the company also, the Observer notes. H&H lent $141,000 to what it describes as "an entity where our chairman's brother is an officer and entrepreneur."

The chief executive of H&H gave two loans to the company a year ago total ling approximately $215,000.

What, exactly, does H&H do? Bloomberg says it buys and markets ladies purses. Other reports state the company markets sunglasses and distributes headsets.

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