50 Cent Twitter Updates, Tiny Stock Increases!

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

The rapper had a lot to express over the weekend about a penny stock called H&H Imports (HNHI), a tiny operation out of Florida. Why? Simply 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 goes up to 15 cents, 25 cents and, yes, 50 cents.

What better way to pump up the stock than to publicize it to your 3.8 million Twitter fans? That's what the rapper did - and the stock rose 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 can afford." He sent out a series 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 actual name is Curtis Jackson) began backing off of his cheerleading Monday, The New York Observer reports. He soon started sending more cautious messages to his fans, saying things like "I own HNHI stock ideas on it are my estimation. Talk to a financial advisor about it."

Jackson also advised his fans to do their homework, saying that "HNHI is the right investment in my opinion it might not be right for u!"

The New York Post crunched the numbers and realized 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 increased 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 about 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 too, 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 made two loans to the company last year adding up to about $215,000.

What, exactly, does H&H do? Bloomberg says it buys and markets ladies handbags. Other reports say the company sells sunglasses and also headphones.

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