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Right now 50's lawyers are telling the SEC that he will never do this again and apologizing profusely in efforts to at least stave off a trading ban and more li
by fleitz 16y ago
Right now 50's lawyers are telling the SEC that he will never do this again and apologizing profusely in efforts to at least stave off a trading ban and more likely avoid jail.
The death knell for 50 in these tweets are explicit instructions to take a position in the stock, guarantees on returns, the normally low trading volume on the stock, and of course the undisclosed position that 50 had in the stock. It's basically a recipe on how not to promote a stock. Doing your own IR is about as smart as being your own lawyer.
Slinging stock is somewhat similar to slinging rock in that there are a lot of things you can do which will land you in jail. 50 should know better than this.
- prs 16y agoAll that trouble for ~$10M in paper profit. Compare this to the $400M he seems to have netted from his investment in the drinks company Glaceau a few years ago. http://www.guardian.co.uk/music/2007/may/29/news.50cent http://www.guardian.co.uk/music/2007/may/29/news.50cent
- fleitz 16y agoHe seemed to be a pretty savvy investor. That's also one of the worst points about what he did, with his portfolio and status as an accredited investor he's not going to get much leeway for not knowing this was illegal.
- deleted 16y ago[deleted]
- deleted 16y ago[deleted]