50 cent advises twitter followers with stock options, garners $8.7 million from the deal.
by New York Post:
The 35-year-old celeb, aka Curtis Jackson, helped pop the shares of a no-name penny stock company he’s invested in by 290 percent yesterday after chatting it up this weekend on Twitter, the social-networking site.
“You can double your money right now. Just get what you can afford,” Jackson tweeted about H&H Imports, a money-losing venture out of Clearwater, Fla., that owns TV Goods, a marketing firm recently founded by Kevin Harrington.
Jackson received 30 million shares of H&H in a private placement last October, including a series of warrants granting him the opportunity to cash in as the stock rises: at 15 cents, 25 cents or — no kidding — 50 cents.
For some of the warrants, he only has to put up 10 cents a share, according to a recent regulatory filing.
50 cent boosted his shares to 8.7 million with a couple of tweets.
Hm, could businesses pay celebrities to endorse certain stock options?
then again, what human would want stock advice from a celebrity human? loll