Insider Disclosure?
There are some aspects of this event that could attract interests from the SEC. For example, 50 Cent did not disclose that he purchased about 13% of H&H Imports, consisting of shares and warrants, in a private placement back in November, 2010.
According to another article at Hotstocked.com, the price per unit was $0.10 and thus the total investment made by the rapper amounted for $750,000. But the article went on to say "It looks like the warrants have also been already exercised," and the actual number of shares owned could as many as 30 million, which is the number cited by the NY Post article.
From $412k loss to $8.7 Million Profit?
Using just the $0.10 per share and $750,000 as the cost base, the stock’s 4.5 cents price on Thursday Jan. 6—right before the pump tweets—could represent a paper loss of $412,500 to 50 Cent, at the minimum. (Yes, this is loose change to the rapper mogul, as 50 Cent net worth is estimated to be $480 million, but Martha Stewart had served time for far less.) Furthermore, making claims like “double your money right now” to investors is simply a big no no.
"Alternative Exchange"...For Good Reason
However, what really boggles my mind is the fact that 9.24 million shares were traded in two days flocking to a high risk penny stock largely on celebrity tweets!
I’m not sure if anybody invested in the stock has bothered to do any due diligence homework. First of all, there’s a reason these Pink Sheets stocks are listed on the “alternative exchange” – they are not exactly financially sound and highly speculative.
Then, there’s this small matter that H&H Imports does not even have an official company website. Of course, the various and extremely vague business descriptions from Yahoo Finance, and Google Finance only further affirm one of the typical penny stock's characteristics.
NY Post also reported that 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.”
Ok, ‘nough said.
Pump, But Not Sure About Dump
The stock, after peaking at 39 cents on Jan. 10, has since dropped almost 31% to close at $0.27 on Friday, Jan.13. So, apparently there’s some dumping going on. Nevertheless, I personally am quite flabbergasted at the apparent faith behind the stock as it is still way above its low of 4.5 cents.
Anyway, for now, there’s no indication that 50 Cent has sold his holdings to complete the “pump and dump” cycle as some have suspected him of. I guess we will leave it to the SEC and other regulatory agencies to sort it all out.
Meanwhile, there seems to be some PR coaching coming through in the more recent tweets by 50 Cent such as this one:
By Dian L. Chu, EconForecast
"[H&H Imports] Stock went from 5 cent to 10 in one day. You can double your money right now. Just get what you can afford." [H & H Imports has]…15 products this year. If you get in technically I work for you. BIG MONEY." If you think you are reading the script of Boiler Room, you probably are not that far off. These are actually statements, according to Guardian, broadcasted by rapper 50 Cent on twitter, the social media site, on which 50 Cent has over 3.8 million followers. (The original tweets have been removed from 50 Cent's Twitter account.)
290% Pump = $8.7 million Paper Profit
H&H Imports is a penny stock traded on Pink Sheets under the ticker HNHI. Apparently, 50 Cent’s 3.8 million followers heeded his tweets, as HNHI shares saw a 290% jump in one day on Jan. 10, 2010 (See Chart). This is not one of those paid promotions that celebrities sometime do, and by NY Post’s account, that pop also translates into $8.7 million paper profit for 50 Cent. That means 50 Cent owns about 30 million shares of the stock.
Insider Disclosure?
There are some aspects of this event that could attract interests from the SEC. For example, 50 Cent did not disclose that he purchased about 13% of H&H Imports, consisting of shares and warrants, in a private placement back in November, 2010.
According to another article at Hotstocked.com, the price per unit was $0.10 and thus the total investment made by the rapper amounted for $750,000. But the article went on to say "It looks like the warrants have also been already exercised," and the actual number of shares owned could as many as 30 million, which is the number cited by the NY Post article.
From $412k loss to $8.7 Million Profit?
Using just the $0.10 per share and $750,000 as the cost base, the stock’s 4.5 cents price on Thursday Jan. 6—right before the pump tweets—could represent a paper loss of $412,500 to 50 Cent, at the minimum. (Yes, this is loose change to the rapper mogul, as 50 Cent net worth is estimated to be $480 million, but Martha Stewart had served time for far less.) Furthermore, making claims like “double your money right now” to investors is a big no no.
"Alternative Exchange"...For Good Reason
However, what really boggles my mind is the fact that 9.24 million shares were traded in two days flocking to a high risk penny stock largely on celebrity tweets!
I’m not sure if anybody invested in the stock has bothered to do any due diligence homework. First of all, there’s a reason these Pink Sheets stocks are listed on the “alternative exchange” – they are not exactly financially sound and highly speculative.
Then, there’s this small matter that H&H Imports does not even have an official company website. Of course, the various and extremely vague business descriptions from Yahoo Finance, and Google Finance only further affirm one of the typical penny stock's characteristics.
NY Post also reported that 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.”
Ok, ‘nough said.
Pump, But Not Sure About Dump
The stock, after peaking at 39 cents on Jan. 10, has since dropped almost 31% to close at $0.27 on Friday, Jan.13. So, apparently there’s some dumping going on. Nevertheless, I personally am quite flabbergasted at the apparent faith behind the stock as it is still way above its low of 4.5 cents.
Anyway, for now, there’s no indication that 50 Cent has sold his holdings to complete the “pump and dump” cycle as some has suspected him of. I guess we will leave it to the SEC and other regulatory agencies to sort it all out.
Meanwhile, there seems to be some PR coaching coming through in the more recent tweets by 50 Cent such as this one:
"I own HNHI stock thoughts on it are my opinion. Talk to financial advisor about it."Dian L. Chu, Jan. 15, 2011 | Vote at Shorty Finance Award | Mobile Website | Facebook Page | New Article Alert | Google Profile
Sponsored: Watch, Learn Market Trend TV
Share
bench craft companyEU PlayStation Store update 9th Feb PlayStation 3 <b>News</b> - Page 1 <b>...</b>
Read our PlayStation 3 news of EU PlayStation Store update 9th Feb.
Fox <b>News</b> Calls Bulletstorm the Worst Videogame in the World
Fox News pundit claims that "increase in rapes" is due largely to videogames.
Small Business <b>News</b>: Digital Privacy and Customer Care
Small business is all about customer care. So how to you feel about new proposed legislation that is designed to prevent online clients from tracking customer.
bench craft company
Insider Disclosure?
There are some aspects of this event that could attract interests from the SEC. For example, 50 Cent did not disclose that he purchased about 13% of H&H Imports, consisting of shares and warrants, in a private placement back in November, 2010.
According to another article at Hotstocked.com, the price per unit was $0.10 and thus the total investment made by the rapper amounted for $750,000. But the article went on to say "It looks like the warrants have also been already exercised," and the actual number of shares owned could as many as 30 million, which is the number cited by the NY Post article.
From $412k loss to $8.7 Million Profit?
Using just the $0.10 per share and $750,000 as the cost base, the stock’s 4.5 cents price on Thursday Jan. 6—right before the pump tweets—could represent a paper loss of $412,500 to 50 Cent, at the minimum. (Yes, this is loose change to the rapper mogul, as 50 Cent net worth is estimated to be $480 million, but Martha Stewart had served time for far less.) Furthermore, making claims like “double your money right now” to investors is simply a big no no.
"Alternative Exchange"...For Good Reason
However, what really boggles my mind is the fact that 9.24 million shares were traded in two days flocking to a high risk penny stock largely on celebrity tweets!
I’m not sure if anybody invested in the stock has bothered to do any due diligence homework. First of all, there’s a reason these Pink Sheets stocks are listed on the “alternative exchange” – they are not exactly financially sound and highly speculative.
Then, there’s this small matter that H&H Imports does not even have an official company website. Of course, the various and extremely vague business descriptions from Yahoo Finance, and Google Finance only further affirm one of the typical penny stock's characteristics.
NY Post also reported that 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.”
Ok, ‘nough said.
Pump, But Not Sure About Dump
The stock, after peaking at 39 cents on Jan. 10, has since dropped almost 31% to close at $0.27 on Friday, Jan.13. So, apparently there’s some dumping going on. Nevertheless, I personally am quite flabbergasted at the apparent faith behind the stock as it is still way above its low of 4.5 cents.
Anyway, for now, there’s no indication that 50 Cent has sold his holdings to complete the “pump and dump” cycle as some have suspected him of. I guess we will leave it to the SEC and other regulatory agencies to sort it all out.
Meanwhile, there seems to be some PR coaching coming through in the more recent tweets by 50 Cent such as this one:By Dian L. Chu, EconForecast
"[H&H Imports] Stock went from 5 cent to 10 in one day. You can double your money right now. Just get what you can afford." [H & H Imports has]…15 products this year. If you get in technically I work for you. BIG MONEY." If you think you are reading the script of Boiler Room, you probably are not that far off. These are actually statements, according to Guardian, broadcasted by rapper 50 Cent on twitter, the social media site, on which 50 Cent has over 3.8 million followers. (The original tweets have been removed from 50 Cent's Twitter account.)
290% Pump = $8.7 million Paper Profit
H&H Imports is a penny stock traded on Pink Sheets under the ticker HNHI. Apparently, 50 Cent’s 3.8 million followers heeded his tweets, as HNHI shares saw a 290% jump in one day on Jan. 10, 2010 (See Chart). This is not one of those paid promotions that celebrities sometime do, and by NY Post’s account, that pop also translates into $8.7 million paper profit for 50 Cent. That means 50 Cent owns about 30 million shares of the stock.
Insider Disclosure?
There are some aspects of this event that could attract interests from the SEC. For example, 50 Cent did not disclose that he purchased about 13% of H&H Imports, consisting of shares and warrants, in a private placement back in November, 2010.
According to another article at Hotstocked.com, the price per unit was $0.10 and thus the total investment made by the rapper amounted for $750,000. But the article went on to say "It looks like the warrants have also been already exercised," and the actual number of shares owned could as many as 30 million, which is the number cited by the NY Post article.
From $412k loss to $8.7 Million Profit?
Using just the $0.10 per share and $750,000 as the cost base, the stock’s 4.5 cents price on Thursday Jan. 6—right before the pump tweets—could represent a paper loss of $412,500 to 50 Cent, at the minimum. (Yes, this is loose change to the rapper mogul, as 50 Cent net worth is estimated to be $480 million, but Martha Stewart had served time for far less.) Furthermore, making claims like “double your money right now” to investors is a big no no.
"Alternative Exchange"...For Good Reason
However, what really boggles my mind is the fact that 9.24 million shares were traded in two days flocking to a high risk penny stock largely on celebrity tweets!
I’m not sure if anybody invested in the stock has bothered to do any due diligence homework. First of all, there’s a reason these Pink Sheets stocks are listed on the “alternative exchange” – they are not exactly financially sound and highly speculative.
Then, there’s this small matter that H&H Imports does not even have an official company website. Of course, the various and extremely vague business descriptions from Yahoo Finance, and Google Finance only further affirm one of the typical penny stock's characteristics.
NY Post also reported that 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.”
Ok, ‘nough said.
Pump, But Not Sure About Dump
The stock, after peaking at 39 cents on Jan. 10, has since dropped almost 31% to close at $0.27 on Friday, Jan.13. So, apparently there’s some dumping going on. Nevertheless, I personally am quite flabbergasted at the apparent faith behind the stock as it is still way above its low of 4.5 cents.
Anyway, for now, there’s no indication that 50 Cent has sold his holdings to complete the “pump and dump” cycle as some has suspected him of. I guess we will leave it to the SEC and other regulatory agencies to sort it all out.
Meanwhile, there seems to be some PR coaching coming through in the more recent tweets by 50 Cent such as this one:
"I own HNHI stock thoughts on it are my opinion. Talk to financial advisor about it."Dian L. Chu, Jan. 15, 2011 | Vote at Shorty Finance Award | Mobile Website | Facebook Page | New Article Alert | Google Profile
Sponsored: Watch, Learn Market Trend TV
Share
bench craft company>EU PlayStation Store update 9th Feb PlayStation 3 <b>News</b> - Page 1 <b>...</b>
Read our PlayStation 3 news of EU PlayStation Store update 9th Feb.
Fox <b>News</b> Calls Bulletstorm the Worst Videogame in the World
Fox News pundit claims that "increase in rapes" is due largely to videogames.
Small Business <b>News</b>: Digital Privacy and Customer Care
Small business is all about customer care. So how to you feel about new proposed legislation that is designed to prevent online clients from tracking customer.
bench craft company
[reefeed]
bench craft company
bench craft companyEU PlayStation Store update 9th Feb PlayStation 3 <b>News</b> - Page 1 <b>...</b>
Read our PlayStation 3 news of EU PlayStation Store update 9th Feb.
Fox <b>News</b> Calls Bulletstorm the Worst Videogame in the World
Fox News pundit claims that "increase in rapes" is due largely to videogames.
Small Business <b>News</b>: Digital Privacy and Customer Care
Small business is all about customer care. So how to you feel about new proposed legislation that is designed to prevent online clients from tracking customer.
bench craft company
Insider Disclosure?
There are some aspects of this event that could attract interests from the SEC. For example, 50 Cent did not disclose that he purchased about 13% of H&H Imports, consisting of shares and warrants, in a private placement back in November, 2010.
According to another article at Hotstocked.com, the price per unit was $0.10 and thus the total investment made by the rapper amounted for $750,000. But the article went on to say "It looks like the warrants have also been already exercised," and the actual number of shares owned could as many as 30 million, which is the number cited by the NY Post article.
From $412k loss to $8.7 Million Profit?
Using just the $0.10 per share and $750,000 as the cost base, the stock’s 4.5 cents price on Thursday Jan. 6—right before the pump tweets—could represent a paper loss of $412,500 to 50 Cent, at the minimum. (Yes, this is loose change to the rapper mogul, as 50 Cent net worth is estimated to be $480 million, but Martha Stewart had served time for far less.) Furthermore, making claims like “double your money right now” to investors is simply a big no no.
"Alternative Exchange"...For Good Reason
However, what really boggles my mind is the fact that 9.24 million shares were traded in two days flocking to a high risk penny stock largely on celebrity tweets!
I’m not sure if anybody invested in the stock has bothered to do any due diligence homework. First of all, there’s a reason these Pink Sheets stocks are listed on the “alternative exchange” – they are not exactly financially sound and highly speculative.
Then, there’s this small matter that H&H Imports does not even have an official company website. Of course, the various and extremely vague business descriptions from Yahoo Finance, and Google Finance only further affirm one of the typical penny stock's characteristics.
NY Post also reported that 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.”
Ok, ‘nough said.
Pump, But Not Sure About Dump
The stock, after peaking at 39 cents on Jan. 10, has since dropped almost 31% to close at $0.27 on Friday, Jan.13. So, apparently there’s some dumping going on. Nevertheless, I personally am quite flabbergasted at the apparent faith behind the stock as it is still way above its low of 4.5 cents.
Anyway, for now, there’s no indication that 50 Cent has sold his holdings to complete the “pump and dump” cycle as some have suspected him of. I guess we will leave it to the SEC and other regulatory agencies to sort it all out.
Meanwhile, there seems to be some PR coaching coming through in the more recent tweets by 50 Cent such as this one:By Dian L. Chu, EconForecast
"[H&H Imports] Stock went from 5 cent to 10 in one day. You can double your money right now. Just get what you can afford." [H & H Imports has]…15 products this year. If you get in technically I work for you. BIG MONEY." If you think you are reading the script of Boiler Room, you probably are not that far off. These are actually statements, according to Guardian, broadcasted by rapper 50 Cent on twitter, the social media site, on which 50 Cent has over 3.8 million followers. (The original tweets have been removed from 50 Cent's Twitter account.)
290% Pump = $8.7 million Paper Profit
H&H Imports is a penny stock traded on Pink Sheets under the ticker HNHI. Apparently, 50 Cent’s 3.8 million followers heeded his tweets, as HNHI shares saw a 290% jump in one day on Jan. 10, 2010 (See Chart). This is not one of those paid promotions that celebrities sometime do, and by NY Post’s account, that pop also translates into $8.7 million paper profit for 50 Cent. That means 50 Cent owns about 30 million shares of the stock.
Insider Disclosure?
There are some aspects of this event that could attract interests from the SEC. For example, 50 Cent did not disclose that he purchased about 13% of H&H Imports, consisting of shares and warrants, in a private placement back in November, 2010.
According to another article at Hotstocked.com, the price per unit was $0.10 and thus the total investment made by the rapper amounted for $750,000. But the article went on to say "It looks like the warrants have also been already exercised," and the actual number of shares owned could as many as 30 million, which is the number cited by the NY Post article.
From $412k loss to $8.7 Million Profit?
Using just the $0.10 per share and $750,000 as the cost base, the stock’s 4.5 cents price on Thursday Jan. 6—right before the pump tweets—could represent a paper loss of $412,500 to 50 Cent, at the minimum. (Yes, this is loose change to the rapper mogul, as 50 Cent net worth is estimated to be $480 million, but Martha Stewart had served time for far less.) Furthermore, making claims like “double your money right now” to investors is a big no no.
"Alternative Exchange"...For Good Reason
However, what really boggles my mind is the fact that 9.24 million shares were traded in two days flocking to a high risk penny stock largely on celebrity tweets!
I’m not sure if anybody invested in the stock has bothered to do any due diligence homework. First of all, there’s a reason these Pink Sheets stocks are listed on the “alternative exchange” – they are not exactly financially sound and highly speculative.
Then, there’s this small matter that H&H Imports does not even have an official company website. Of course, the various and extremely vague business descriptions from Yahoo Finance, and Google Finance only further affirm one of the typical penny stock's characteristics.
NY Post also reported that 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.”
Ok, ‘nough said.
Pump, But Not Sure About Dump
The stock, after peaking at 39 cents on Jan. 10, has since dropped almost 31% to close at $0.27 on Friday, Jan.13. So, apparently there’s some dumping going on. Nevertheless, I personally am quite flabbergasted at the apparent faith behind the stock as it is still way above its low of 4.5 cents.
Anyway, for now, there’s no indication that 50 Cent has sold his holdings to complete the “pump and dump” cycle as some has suspected him of. I guess we will leave it to the SEC and other regulatory agencies to sort it all out.
Meanwhile, there seems to be some PR coaching coming through in the more recent tweets by 50 Cent such as this one:
"I own HNHI stock thoughts on it are my opinion. Talk to financial advisor about it."Dian L. Chu, Jan. 15, 2011 | Vote at Shorty Finance Award | Mobile Website | Facebook Page | New Article Alert | Google Profile
Sponsored: Watch, Learn Market Trend TV
Share
bench craft company
bench craft companyEU PlayStation Store update 9th Feb PlayStation 3 <b>News</b> - Page 1 <b>...</b>
Read our PlayStation 3 news of EU PlayStation Store update 9th Feb.
Fox <b>News</b> Calls Bulletstorm the Worst Videogame in the World
Fox News pundit claims that "increase in rapes" is due largely to videogames.
Small Business <b>News</b>: Digital Privacy and Customer Care
Small business is all about customer care. So how to you feel about new proposed legislation that is designed to prevent online clients from tracking customer.
bench craft company
bench craft companyEU PlayStation Store update 9th Feb PlayStation 3 <b>News</b> - Page 1 <b>...</b>
Read our PlayStation 3 news of EU PlayStation Store update 9th Feb.
Fox <b>News</b> Calls Bulletstorm the Worst Videogame in the World
Fox News pundit claims that "increase in rapes" is due largely to videogames.
Small Business <b>News</b>: Digital Privacy and Customer Care
Small business is all about customer care. So how to you feel about new proposed legislation that is designed to prevent online clients from tracking customer.
bench craft companyEU PlayStation Store update 9th Feb PlayStation 3 <b>News</b> - Page 1 <b>...</b>
Read our PlayStation 3 news of EU PlayStation Store update 9th Feb.
Fox <b>News</b> Calls Bulletstorm the Worst Videogame in the World
Fox News pundit claims that "increase in rapes" is due largely to videogames.
Small Business <b>News</b>: Digital Privacy and Customer Care
Small business is all about customer care. So how to you feel about new proposed legislation that is designed to prevent online clients from tracking customer.
bench craft companyEU PlayStation Store update 9th Feb PlayStation 3 <b>News</b> - Page 1 <b>...</b>
Read our PlayStation 3 news of EU PlayStation Store update 9th Feb.
Fox <b>News</b> Calls Bulletstorm the Worst Videogame in the World
Fox News pundit claims that "increase in rapes" is due largely to videogames.
Small Business <b>News</b>: Digital Privacy and Customer Care
Small business is all about customer care. So how to you feel about new proposed legislation that is designed to prevent online clients from tracking customer.
bench craft company bench craft company
bench craft company
bench craft company
bench craft companyEU PlayStation Store update 9th Feb PlayStation 3 <b>News</b> - Page 1 <b>...</b>
Read our PlayStation 3 news of EU PlayStation Store update 9th Feb.
Fox <b>News</b> Calls Bulletstorm the Worst Videogame in the World
Fox News pundit claims that "increase in rapes" is due largely to videogames.
Small Business <b>News</b>: Digital Privacy and Customer Care
Small business is all about customer care. So how to you feel about new proposed legislation that is designed to prevent online clients from tracking customer.
bench craft company
Finding useful financial information these days is complex. If you want to be successful in the stock market, keep these five basic guidelines in mind. Rather than focusing on numbers and statistics, let's take a moment to focus on a clear mindset and simple strategies.
Simple Success #1: Buy Low - Sell High
No guideline is more basic to making money in the stock market than to buy low and sell high. When the stock market bottomed out earlier this year, it presented us with a buying opportunity. Sure, the economy was in shambles and the government was freaking out. But many investors have made a lot of money since then because they were willing to buy into a market that was low.
I also wanted to buy in and I talked with a friend about it. He said, "no, things are too unstable to buy now, you better wait." Instead of listening to my friend, I followed my instincts and bought into a mutual fund. I've now made a few hundred dollars because the market was so low and I thought it could only go up. I've been rewarded because I was paying attention and took a risk.
Simple Success #2: Pay Attention to Investment Professionals
Even though I have an opinion on investing and have had a little success this summer, I am not an investment professional. I have to read and spend some time watching television to stay on top of the investment environment. You need to pay attention to what the investment professionals are saying.
Everyone has their own diverse opinion. You have to sort through the extreme opinions and find the midpoint of all the advice available. Once you find reliable sources with a good track record, you'll become comfortable in discerning good information from bad.
Simple Success #3: Key an Eye on the Broader Economy
What is the unemployment rate? Are interest rates going up or down? Are consumers buying, saving, or just plain confused? Are companies expanding or contracting? This is the kind of information you can gather on the radio on the way to work or reading a few articles during your lunch hour.
Having an idea of what others are doing will give you an idea of what you should be doing. Investing in the stock market can lead to success if you balance the right time to go with the flow with the right time to be a contrarian. This summer I chose to be a contrarian and it paid off.
Simple Success #4: Invest 20% of Your Savings in Mutual Funds
The stock market is in a narrow trading range as I type. It may not be the best time to invest a large portion of your savings. Keep most of your savings liquid and in a savings or money market account. But don't wimp out with a 1% return. Take 20% of your available savings and invest in the stock market wisely.
Invest in mutual funds that are broadly diversified, rather than individual stocks. I don't have the time to research companies and stocks. Instead, I have found mutual fund companies that I am comfortable with and choose a handful of their funds to invest in. Keep it simple and you can make a nice return.
Simple Success #5: Spend Time Learning About Money
You have to either do the research yourself, or pay an investment professional to manage your savings portfolio. I don't have the resources where I need to pay an investment pro, so I have chosen to do a little research on my own.
Take the time to do your research. Nothing comes to us by accident. We have to take the time to learn and grow; otherwise, we'll lose the money we have worked hard to earn. If you do have significant resources, it is probably worthwhile to pay an investment pro to manage your money.
Making a legitimate return in the stock market takes time, money, and information. Using these five basic guidelines will help you to get started on the road to finding a little financial success.
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