Over the weekend, 50 Cent tweeted to his 3.8 million followers about investing in a penny stock HNHI, a distributor of headphones which include his new Sleek by 50 headphones. Some of his followers took his investing advice and purchased stock in the company which eventually increased the shares to $.29. Via Business Insider
Earlier we noted that shares of HNHI added $50 million in market cap today thanks to tweets from 50 Cent aka Curtis Jackson.
Obviously he’s being compensated. How much? A LOT.
This SEC filing shows that he owned 30 million shares. Seeing as each one gained $.29 today, that’s nearly $10 million for one weekend of tweeting.
How soon do you think he sells?
As of 5pm, the stock rose to $.39 per share.
