Space - Nomination of Lorne, Muntz and Retail Rudy

Mar 16, 2023

If you missed the nomination process here's the recap call:

Announcement Conference Call (March 16, 2023)

Shareholder Board Nomination Action - 3/16/2023 - 3/27/2023
Why did we do this?

Due to frustration with the company's performance, lack of transparency, and the denial of a legally required annual shareholder meeting, we as investors in BBIG stock tried to nominate retail investors to the company's Board of Directors. Additionally, we were unable to access company finances, which further compounded our dissatisfaction. In addition, Vinco announced a CEO months ago and has not executed on that promise.

Vinco has been late with filings, and dropped below the minimum listing requirements. The company has also not communicated its roadmap for the future or provided reasons for its shortcomings. In an unprofessional move, the company released a pre14a requesting shareholders to vote on various items, including diluting shares, a reverse split, and acquiring expensive assets like the National Enquirer, without providing transparency into its finances or future goals. How could shareholders vote on such important actions without having any insight into the financial books or past results?

So the links below cover the history of the nomination ordeal.