While the stock market was performing well on Tuesday, H & H Imports, Inc., the company that 50 Cent has a major investment in was clobbered, dropping from $0.32 to $0.17, or nearly 50%. The hip hop mogul issued a benign press release Tuesday morning announcing a definitive agreement for TV Goods to exclusively produce and distribute a direct response television infomercial to globally market the “50 Cent” headphones. The stock has made a round trip to the level it was when 50’s involvement with the company was first announced and the G-Unit mainman hyped the stock on Twitter, rocketing up to more than a dollar in late February before crashing down to today’s levels.
“I am glad that we have finalized the TV Goods deal, so I can now focus my energy on finalizing the product and getting it to market ASAP,” 50 said in the release. “TV Goods will enhance my marketing strategy with television and the internet and I plan to also promote the product in music videos, TV, radio, through social networking, and movies.”