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	<title>Observer &#187; H &#38; H Imports</title>
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		<title>50 Cent&#039;s Penny Stock Plummets</title>

		<comments>http://observer.com/2011/01/50-cents-penny-stock-plummets/#comments</comments>
		<pubDate>Tue, 11 Jan 2011 16:36:46 -0400</pubDate>
					<link>http://observer.com/2011/01/50-cents-penny-stock-plummets/</link>
			<dc:creator>Mike Taylor</dc:creator>
				
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		<description><![CDATA[<p><img class="alignleft" src="http://nyoobserver.files.wordpress.com/2011/06/50cent1.jpg?w=239&h=300" />Following yesterday's meteoric 240 percent rise on the back of a <a href="/2011/wall-street/get-rich-or-die-tweeting-50-cent-plugs-sketchy-penny-stock-shares-skyrocket">Twitter endorsement from rapper 50 Cent</a>, shares of penny-ante marketing company H &amp; H Imports opened substantially lower this morning and were lately <a href="http://finance.yahoo.com/q?s=HNHI.OB&amp;ql=0">down 18 percent at 32 cents</a>. Looks like some investors decided it was time to take some profits after that huge ramp-up; it's what a responsible investor would do.</p>
<p>By the New York Post's reckoning, yesterday's trading <a href="http://www.nypost.com/p/news/business/cent_millions_y5r6uquXPHX43R2NCWX6MN">netted the entertainment mogul somewhere in the neighborhood of $8.7 million</a>.</p>
<p>Meanwhile, 50 Cent remains on Twitter, encouraging his millions of followers to continue the conversation he's started. "I only want entrepreneurs on my time line. We gonna talk money trade ideas and make it big," he <a href="http://twitter.com/50cent/status/24736645022482432">tweets</a>. Looks like he's taking a page out of the Stockpickr or StockTwits playbook.</p>
<p>He's also getting a little more defiant, <a href="http://twitter.com/50cent/status/24737090973474817">retweeting</a> one fan's comment: "those who dont take your ventures serious are silly haters &amp; must be poor business people." This is a departure from last night's broadcast, during which he <a href="/2011/wall-street/50-cent-cautions-investors-his-penny-stock-may-not-be-right-them">urged investor caution</a>.</p>
<p>We're still a little concerned about the fate of H &amp; H Imports, which has been losing money since it started doing business. We put in a call to H &amp; H for comment, whereupon a secretary told <em>The Observer</em> "Everyone's in a meeting right now. Things are a little crazy." We will, of course, update when we hear more.</p>
<p>mtaylor [at] observer.com | <a href="http://twitter.com/mbrookstaylor">@mbrookstaylor</a></p>
]]></description>
		<content:encoded><![CDATA[<p><img class="alignleft" src="http://nyoobserver.files.wordpress.com/2011/06/50cent1.jpg?w=239&h=300" />Following yesterday's meteoric 240 percent rise on the back of a <a href="/2011/wall-street/get-rich-or-die-tweeting-50-cent-plugs-sketchy-penny-stock-shares-skyrocket">Twitter endorsement from rapper 50 Cent</a>, shares of penny-ante marketing company H &amp; H Imports opened substantially lower this morning and were lately <a href="http://finance.yahoo.com/q?s=HNHI.OB&amp;ql=0">down 18 percent at 32 cents</a>. Looks like some investors decided it was time to take some profits after that huge ramp-up; it's what a responsible investor would do.</p>
<p>By the New York Post's reckoning, yesterday's trading <a href="http://www.nypost.com/p/news/business/cent_millions_y5r6uquXPHX43R2NCWX6MN">netted the entertainment mogul somewhere in the neighborhood of $8.7 million</a>.</p>
<p>Meanwhile, 50 Cent remains on Twitter, encouraging his millions of followers to continue the conversation he's started. "I only want entrepreneurs on my time line. We gonna talk money trade ideas and make it big," he <a href="http://twitter.com/50cent/status/24736645022482432">tweets</a>. Looks like he's taking a page out of the Stockpickr or StockTwits playbook.</p>
<p>He's also getting a little more defiant, <a href="http://twitter.com/50cent/status/24737090973474817">retweeting</a> one fan's comment: "those who dont take your ventures serious are silly haters &amp; must be poor business people." This is a departure from last night's broadcast, during which he <a href="/2011/wall-street/50-cent-cautions-investors-his-penny-stock-may-not-be-right-them">urged investor caution</a>.</p>
<p>We're still a little concerned about the fate of H &amp; H Imports, which has been losing money since it started doing business. We put in a call to H &amp; H for comment, whereupon a secretary told <em>The Observer</em> "Everyone's in a meeting right now. Things are a little crazy." We will, of course, update when we hear more.</p>
<p>mtaylor [at] observer.com | <a href="http://twitter.com/mbrookstaylor">@mbrookstaylor</a></p>
]]></content:encoded>
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		<title>50 Cent Cautions Investors His Penny Stock May Not Be Right for Them</title>

		<comments>http://observer.com/2011/01/50-cent-cautions-investors-his-penny-stock-may-not-be-right-for-them/#comments</comments>
		<pubDate>Mon, 10 Jan 2011 23:27:28 -0400</pubDate>
					<link>http://observer.com/2011/01/50-cent-cautions-investors-his-penny-stock-may-not-be-right-for-them/</link>
			<dc:creator>admin</dc:creator>
				
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		<description><![CDATA[<p><img class="alignleft" src="http://nyoobserver.files.wordpress.com/2011/06/50cent.jpg?w=300&h=213" />Rapper, multimedia icon and ersatz investment advisor 50 Cent is <a href="http://twitter.com/#!/50cent/status/24584255065563138">backing off</a> a little from his previous plugs of H &amp; H Imports, an over-the-counter stock that shot up 240 percent today following the entertainer's endorsement to 3.8 million followers on Twitter.&nbsp;</p>
<p>In a recent tweet, 50 cent cautions his followers, "I own HNHI stock thoughts on it are my opinion. Talk to financial advisor about it." Also: "HNHI is the right investment for me it may or may not be right for u! Do ur homework." This follows the stock's meteoric rise today and a likely profit for 50 Cent, who along with G-Unit Brands <a href="/2011/wall-street/get-rich-or-die-tweeting-50-cent-plugs-sketchy-penny-stock-shares-skyrocket">made a $750,000 investment in the company last November</a>.&nbsp;</p>
<p>Here's the <a href="http://www.tvgoodsinc.com/faqs.cfm">website for TV Goods</a>, whose parent company is H &amp; H Imports. From the "About Us" section:</p>
<blockquote><p>H&amp;H Imports is the parent company for TVGoods, Inc., a Direct Response marketing organization. The company identifies, develops, markets, and distributes consumer products for global distribution. Our strategy employs three primary channels: Direct Response Television (Infomercials), Television Shopping Networks and Retail Outlets. TVGoods offers entrepreneurs a turnkey solution enabling entrepreneurs to introduce products to the consumer market.</p>
</blockquote>
<p>50 Cent's caveats come on top of several caution-inducing attributes of the company, including a loan to the company from its CEO, Steve Rogai, and a loss of $1.3 million in the most recent quarter. The company's chairman and founder, Kevin Harrington, is an infomercial pioneer and "an investor 'Shark' on the ABC television series&nbsp;<em>Shark Tank,</em>" according to H &amp; H's website.&nbsp;</p>
<p>Of additional note: 50 Cent <a href="http://www.cnbc.com/id/40970078/50_Cent_Talks_Technology_and_Investments_at_CES">appeared on CNBC Friday</a>&nbsp;to talk about investments, and mentioned a new line of headphones he's endorsing. A <a href="http://www.epicstockpicks.com/201101103261/newsreleases/h-h-imports-inc-otc-hnhi-soars-on-rapper-50-cents-recommendation/">putative press release</a>&nbsp;notes the increase in H &amp; H's share price thusly:</p>
<blockquote><p>The Company that had acquired worldwide marketing rights for its new product line believed to be designed by 50 and engineered by Sleek and will be the first headphones ever to offer 'Wireless Hybrid' technology with military-grade metals. The endorsement will be personally carried out by Curtis, having an ownership interest in Sleek, through his company G-unit.</p>
</blockquote>
<p>One more Tweet from 50 Cent around the time of his stock discussions: "You can lead a horse to water but you force it to drink. lol."</p>
<p><a href="/2011/wall-street/get-rich-or-die-tweeting-50-cent-plugs-sketchy-penny-stock-shares-skyrocket">Earlier: Get Rich Or Die Tweeting: 50 Cent Plugs Sketchy Penny Stock, Shares Skyrocket &gt;&gt;</a></p>
<p>mtaylor@observer.com | <a href="http://twitter.com/mbrookstaylor">@mbrookstaylor</a></p>
]]></description>
		<content:encoded><![CDATA[<p><img class="alignleft" src="http://nyoobserver.files.wordpress.com/2011/06/50cent.jpg?w=300&h=213" />Rapper, multimedia icon and ersatz investment advisor 50 Cent is <a href="http://twitter.com/#!/50cent/status/24584255065563138">backing off</a> a little from his previous plugs of H &amp; H Imports, an over-the-counter stock that shot up 240 percent today following the entertainer's endorsement to 3.8 million followers on Twitter.&nbsp;</p>
<p>In a recent tweet, 50 cent cautions his followers, "I own HNHI stock thoughts on it are my opinion. Talk to financial advisor about it." Also: "HNHI is the right investment for me it may or may not be right for u! Do ur homework." This follows the stock's meteoric rise today and a likely profit for 50 Cent, who along with G-Unit Brands <a href="/2011/wall-street/get-rich-or-die-tweeting-50-cent-plugs-sketchy-penny-stock-shares-skyrocket">made a $750,000 investment in the company last November</a>.&nbsp;</p>
<p>Here's the <a href="http://www.tvgoodsinc.com/faqs.cfm">website for TV Goods</a>, whose parent company is H &amp; H Imports. From the "About Us" section:</p>
<blockquote><p>H&amp;H Imports is the parent company for TVGoods, Inc., a Direct Response marketing organization. The company identifies, develops, markets, and distributes consumer products for global distribution. Our strategy employs three primary channels: Direct Response Television (Infomercials), Television Shopping Networks and Retail Outlets. TVGoods offers entrepreneurs a turnkey solution enabling entrepreneurs to introduce products to the consumer market.</p>
</blockquote>
<p>50 Cent's caveats come on top of several caution-inducing attributes of the company, including a loan to the company from its CEO, Steve Rogai, and a loss of $1.3 million in the most recent quarter. The company's chairman and founder, Kevin Harrington, is an infomercial pioneer and "an investor 'Shark' on the ABC television series&nbsp;<em>Shark Tank,</em>" according to H &amp; H's website.&nbsp;</p>
<p>Of additional note: 50 Cent <a href="http://www.cnbc.com/id/40970078/50_Cent_Talks_Technology_and_Investments_at_CES">appeared on CNBC Friday</a>&nbsp;to talk about investments, and mentioned a new line of headphones he's endorsing. A <a href="http://www.epicstockpicks.com/201101103261/newsreleases/h-h-imports-inc-otc-hnhi-soars-on-rapper-50-cents-recommendation/">putative press release</a>&nbsp;notes the increase in H &amp; H's share price thusly:</p>
<blockquote><p>The Company that had acquired worldwide marketing rights for its new product line believed to be designed by 50 and engineered by Sleek and will be the first headphones ever to offer 'Wireless Hybrid' technology with military-grade metals. The endorsement will be personally carried out by Curtis, having an ownership interest in Sleek, through his company G-unit.</p>
</blockquote>
<p>One more Tweet from 50 Cent around the time of his stock discussions: "You can lead a horse to water but you force it to drink. lol."</p>
<p><a href="/2011/wall-street/get-rich-or-die-tweeting-50-cent-plugs-sketchy-penny-stock-shares-skyrocket">Earlier: Get Rich Or Die Tweeting: 50 Cent Plugs Sketchy Penny Stock, Shares Skyrocket &gt;&gt;</a></p>
<p>mtaylor@observer.com | <a href="http://twitter.com/mbrookstaylor">@mbrookstaylor</a></p>
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