This is the funniest thing I've heard this week. 50 Cent tweets tiny stock soars
The funny thing to me is not that so many people would buy the stock - the speculation that this would cause so many other people to buy it is what drove people to buy it. It's this line:
H&H is an extremely sketchy investment and even got the dreaded "going concern" notice last March as its auditor shared 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 some funny loans at the company as well, the Observer notes. H&H lent $141,000 to what it describes as "an entity in which our chairman's brother is an officer and owner."
Why did 50 Cent decide to buy stock in a crappy company? The company loaned money to the CEO's brother?
By the way, I think this is some kind of stock fraud, but I don't know enough about stocks.
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