50 Cent mentions stock on Twitter and it goes up 250%

[roopi]

His tweets from earlier today:

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

HNHI is the stock symbol for TVG there launching 15 different products. they are no joke get in now.

http://investing.businessweek.com/research/stocks/snapshot/snapshot.asp?ticker=HNHI:US

The funny thing is he owns 30 million shares of the company:
http://sec.gov/Archives/edgar/data/1432967/000095012310112504/f57574sc13d.htm

I wonder how long until the SEC decides to investigate. I'd never went on Twitter until I heard about some of his Tweets in the past and if you don't follow him it's definitely with checking out.

[davidI]

The rich get richer because the dumb get dumber.

[roopi]

It looks like he's changed his Tweets since ( I image his lawyer gave him a call).

I doubt his intentions were to pump the stock to make a few bucks though. He has more than enough money with the Vitaman Water investment. He just tends to post stupid shit.

[Barking_Spidre]

^^^ According to this link, a few bucks richer = $8.7 million.

http://www.hiphophater.com/50-cent-faces-investigation-pump-dump-stock-violation/

[max_boost]

LOL

He wanted it to hit Fiddy so he could get out didn't he lol

[E36M3]

There is a sucker born every day apparently. Just in case you didn't know, rich people love money.


Originally posted by roopi
It looks like he's changed his Tweets since ( I image his lawyer gave him a call).

I doubt his intentions were to pump the stock to make a few bucks though. He has more than enough money with the Vitaman Water investment. He just tends to post stupid shit.

[dollarbillz]

Isn't this Jail Time? or you think they will slap him on the wrist?

[roopi]

If he didn't sell any shares I can't see anything happening.

[yellowsnow]

nothing illegal in what he did. he wasn't an inside trader or anything. just a guy pumping a stock :rofl:

[E36M3]

Glad to hear that he has your approval. I guess he can ignore the SEC and their guidelines on proper disclosure and that his tweets to add disclosure after the fact are probably just because he felt bad about all the people he suckered into making those investments.

Thanks for the insight!


Originally posted by yellowsnow
nothing illegal in what he did. he wasn't an inside trader or anything. just a guy pumping a stock :rofl:

[Feruk]

Get rich or die tweetin'

[Zhariak]

Originally posted by Feruk
Get rich or die tweetin'

Get rich or die tradin'

[Tik-Tok]

Originally posted by yellowsnow
nothing illegal in what he did. he wasn't an inside trader or anything. just a guy pumping a stock :rofl:

Pumping stock is illegal (the way he did it).

I think he just needed more street cred, so wanted to go back to jail for a stint, but a nice cushy one, not a real jail.

[BigShow]

Smart move.

[natejj]

I dont understand what's illegal about what he did? If I post on a message board "Check out XXX" how's that any different?

[Xtrema]

Originally posted by natejj
I dont understand what's illegal about what he did? If I post on a message board "Check out XXX" how's that any different?

He added in a later tweet with full disclosure that he owns the stock. Without it, it would be illegal. Go watch CNBC, it's all about full disclosure.