50 Cent Pimping H&H Imports

Feb 27, 2011
J. Webster
Comments Off on 50 Cent Pimping H&H Imports

I’m sure everyone has heard by now about rapper 50 cent and his Tweeting about a stock he owns. The company is H&H Imports and sells 50 Cents’ Sleek By 50 headphones. The stock symbol is TVG, 50 cent owns 30 million shares of the penny stock. This is what he tweeted:

TVG’s stock went from 5 cents to 10 in one day. You can double your money right now. Just get what you can afford.

The trouble is, that the company is in debt and could go under: The company lost $1.3 million last quarter and is in $3.3 million of debt. In September, its auditor raised issues over whether it could continue to operate.

Here’s 50 cent talking about the headphones on CNBC:

Be cautious and careful out there. Don’t get greedy and don’t rush into making risky trades like this. Penny stocks are inherently risky and can make huge swings in price.

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