(bbigfamily.com member)

1. HEARING BATTLE WON today in 8th judicial District Court (DC) Nevada attorney Jeffrey Haber got a huge win. The court basically granted everything we requested. Michael Hamrick was appointed custodian of Vinco Ventures and Liqueous was ordered to be removed as custodian. This validates that we were correct about our rights of shareholders and the fraudulent activity alleged.

Please like and retweet this post about the news. It really helps get the word out.

https://x.com/i/status/2008985669817995481

2. CONFERENCE CALL We're going to have a recorded space call on Twitter X Thursday at 9:00 p.m. Eastern.

https://x.com/i/spaces/1vOGwdkOpmgJB

Please like and share this post and attend if you can.

3. PLEASE DONATE We need donations to continue our legal fight. You can Zelle to retail@bbigfamily.com or if you prefer BBIG family GoFundMe

Every dollar is tracked and accounted for.

God bless, shad

Aka @retailRudy on Twitter X

Summary of the call (disclosure AI recap)
Link to call: https://x.com/i/spaces/1vOGwdkOpmgJB

BBIG Shareholders Space: Nevada Custodianship Win, Miami Sentencing Updates, Fundraising, and Next Steps (Recorded)

Participants and Roles

• Shad (host; BBIG Family organizer; primary narrator of legal updates and strategy)
• Jake (community member; advocates outreach and communications; supportive of press/SEO)
• Munson (community organizer/moderator; posted GoFundMe link; coordinated speakers)
• William (shareholder; attended Miami federal court hearing; provided firsthand account)
• Chris McCarthy (shareholder; raised operational questions about shareholder list and filings; suggested coordinated letter to judge)
• Michael Hamrick (shareholder; newly appointed custodian of Vinco Ventures by Nevada court; not speaking directly but heavily referenced)
• Jeffrey Haber (shareholders’ attorney; briefed the Nevada court)
• Judge Joe Hardy (Eighth Judicial District Court, Nevada; presided over custodianship hearing)
• Liquius (also referred to as Liquius SLP/Liquid SLP; prior court-appointed custodian removed by Nevada court)
• J. Schafer (Liquius’ attorney at the Nevada hearing)
• Marjorie Shafer (named in filings as a board appointee under Liquius)
• Chris Polimeni (CFO of Vinco Ventures; filings ceased, cited in background)
• “Robertson” (named as CEO; filings ceased; details not elaborated)
• Mamadou (shareholder who earlier opposed Liquius custodianship and enjoined cases)
• Judge Leibowitz (Miami federal court; presiding over criminal matters related to Ted Farnsworth and “Vanderbill/Vanderberg”)
• Ryan Featherstone (shareholder from Canada; sought eligibility info re: restitution and participation)
• Trevor (shareholder; long-time listener; lost funds in 2021)
• Bugsy (shareholder; expressed resilience and optimism)
• Tuna (shareholder; asked about portfolio changes, reverse splits/dilution)

Context and Timeline

• Fundraising for shareholder litigation began ~3 years ago; the GoFundMe’s first update dates back three years.
• Over those years, the community learned litigation processes, SEC dynamics, jurisdictional differences, and pursued civil actions against Vinco Ventures’ board.
• Liquius entered the lower court in Nevada (not the business court where shareholder cases sit), purchased a minimal number of shares (~1,000 at a de minimis cost), then petitioned for custodianship, claiming shareholder interest and intent to revive the company.
• The lower court initially granted Liquius custodianship, prompting opposition by shareholders (Mamadou first, then the broader group sought permission to intervene).

Nevada Hearing (Jan 7, 2026) — Key Facts and Rulings

• Venue: Eighth Judicial District Court, Nevada; Department 15. Presiding: Judge Joe Hardy.
• Background to the hearing: Shareholders (plaintiff currently captioned under Hamrick) alleged Liquius exceeded its court authority by:
  • Issuing itself preferred shares to gain voting control.
  • Appointing itself director and adding board members.
  • Attempting to hold an annual meeting despite a prior court order halting it.
  • Failing to disclose civil/criminal matters relevant to its fiduciary role.
• Court posture at the hearing: Judge Hardy opened with “serious concerns” about the custodian’s actions and immediately questioned Liquius’ counsel about:
  • Whether the self-issued shares had been rescinded.
  • The identity and status of board appointee Marjorie Shafer.
  • Whether proper disclosures were made about Liquius’ litigation/criminal history.
• Liquius’ counsel (J. Schafer) claimed certain filings (including share issuance) were “by accident,” offered an analogy (which the judge cut off as inappropriate), and suggested shares were issued to “stall any criminal action.”
• Outcome:
  • The court granted Hamrick’s motion to intervene (on behalf of shareholders in the derivative posture).
  • The court removed Liquius as custodian immediately.
  • The court appointed shareholder Michael Hamrick as the new custodian of Vinco Ventures.
• Procedural next steps:
  • Transcript ordered (cost borne by the group); the prevailing party (Haber/Hamrick) will draft the custodianship order for judge review/signature and filing.
  • Compliance and governance: As custodian of a public company, Hamrick will require appropriate counsel beyond securities litigation (corporate filings/governance and expert market compliance).

Implications of Custodianship for Shareholders

• Access to information:
  • Custodian can obtain books and records, vendor obligations, receivables, and asset inventories.
  • Shareholder list (via transfer agent/FINRA/SEC sources) can be properly accessed and used for official communications.
• Governance:
  • Custodian can appoint or nominate board members per court order, putting shareholder-oriented governance in place.
• Strategic pathways to recovery (as outlined by Shad):
  1. Civil actions (derivative suits) seeking damages. Court awards go to the company; benefit flows to shareholders.
  2. SEC fines/settlements potentially directed back to company coffers.
  3. DOJ restitution to victims (requires filing victim impact statements in relevant cases).
  4. Re-establishing trading and building a viable operating company to restore share value over time.
• Communications:
  • Press releases can be used post-order; material announcements likely require SEC filing; costs vary by dissemination service.
  • A plan to contact shareholders directly once the list is obtained (must be done in compliant, official manner).

Miami Federal Court Update (Criminal Matters)

• William attended the Miami hearing (Judge Leibowitz). Observations:
  • Ted Farnsworth appeared in shackles; “Vanderbill/Vanderberg” was present in a suit.
  • Judge pressed both sides (government and defense) to “get your acts together.” He demanded a timeline within two weeks and set a next date of July 17.
  • Indications: Farnsworth and Vanderbilt may cooperate (“spill the beans”) to obtain consideration at sentencing; judge suggested negotiation on leniency occurs after sentencing milestones.
• Community action:
  • Shad proposed drafting an assertive, respectful letter to Judge Leibowitz with many shareholder signatures to emphasize victim impact and urgency; Chris McCarthy supports electronically signable submission; Shad will explore appropriate court formats (e.g., amicus-style) before filing.

Fundraising, Trust Structure, and Transparency

• Ongoing fundraising resumed to sustain litigation over the long haul (6–18 months or more).
• Mechanisms:
  • GoFundMe (public donations; donors recently thanked by name — e.g., Christy Miller, Michael Hamrick, and many others).
  • Zelle: retail@bbigfamily.com (Bank of America account tied to the BBIG Family Trust). Note: temporary Zelle access issue was resolved during the call.
• BBIG Family Trust:
  • Notarized with trustees; structured as a litigation finance trust.
  • If recovery is obtained and the court permits, the trust may receive a percentage similar to litigation funders; donations are tracked and audited by a committee.

Evidence, Whistleblowers, and Caution on Strategy

• The group reports multiple high-profile whistleblowers and significant inflows of evidence against “big bad actors.”
• Social media manipulation: Shad stated he learned that people and platforms were used to influence shareholders.
• Strategic confidentiality: The team will not disclose specific legal strategies, sensitive contacts, or financial details on public calls.

Filings, Dilution, and Reverse Splits

• Historical filings:
  • 10-K (annual) and 10-Qs (quarterly) stopped in 2021/2022 timeframe.
  • “Bozak” was mentioned as a vendor paid to file the 10-K; deliverables never materialized (community recollection).
• Dilution and reverse split:
  • Shareholders reported experiencing significant dilution and a reverse split that reduced share counts radically.
  • Shad’s assessment: Court is unlikely to retroactively reverse dilution mechanics due to market trading complexity and subsequent transactions. Potential remedy is damages rather than unwinding corporate actions.
  • In Nevada, the judge asked whether Liquius’ self-issued preferred shares were rescinded; expectation is those unauthorized issuances will be rescinded (as to Liquius’ acts). Broader historical actions by prior boards would require proof and separate proceedings.

Questions and Guidance from Q&A

• Victim Impact Statements (Frank Maloney, Ryan Featherstone):
  • Importance: Filing with DOJ is advised; sentencing is pending, so it’s not too late.
  • Non-U.S. shareholders (Canadian): Consult DOJ victim protocols; eligibility typically relates to being a victim of the crime, not citizenship. Filing strengthens the restitution pathway.
• Communication to non-social-media shareholders (Chris McCarthy):
  • With custodianship, obtaining the shareholder list becomes feasible. Official communications can be sent once proper processes are in place.
• Press/SEO (Jake):
  • After the custodial order is finalized, consider cost-effective press dissemination and direct mail to shareholders.
• Shell viability and capital outlook (Jake’s opinion):
  • Company has comparatively modest debt service (per his comments), potentially attractive for venture capital or angel investors.
  • Speculative assertion: Jake believes there are “billions of synthetic shares” in BBIG; this is an unverified opinion.
• Assets status:
  • Community asked “Where are all the assets?” (e.g., Lomotif, Cryptyde, 8co, orbs/Octo, bitcoin rig investments, immersive experiences). Custodian access to records is expected to clarify status.
• Portfolio discrepancies and reverse split (Tuna):
  • Observed lower account value and changed average cost; explanation relates to reverse splits and subsequent price declines.

Community Sentiment and Personal Stories

• Story 1: Shareholder once homeless invested ~$50k, lost it, worked overtime, rebuilt to >$100k. Outlook: resilience and grit.
• Story 2: Shareholder lost nearly $1M; experienced family and business collapse; struggling with hope. Shad emphasized counting blessings, mutual support, and long-term effort to seek justice and recovery.
• General sentiment: Renewed optimism post-Nevada win; acknowledgment that recovery is uncertain, long, and costly; celebration balanced with resolve.

Immediate Action Items

• Legal/Procedural:
  • Await transcript of Nevada hearing; Haber/Hamrick to draft custodianship order for judge’s review and filing.
  • Engage corporate governance and filings counsel distinct from securities litigation.
  • Request and secure official shareholder list; establish compliant communication plan.
• Communications & Outreach:
  • Prepare a press plan for material announcements post-order (coordinate SEC filings if necessary).
  • Draft a collectively signed letter to Judge Leibowitz (Miami) within court-acceptable format; circulate for digital signatures.
• Fundraising:
  • Maintain consistent small-donation cadence (e.g., “$5 Fridays,” “$10 Tuesdays”) to build the war chest sustainably and equitably.
• DOJ Restitution:
  • Encourage all victims to file victim impact statements in the Farnsworth and Vanderbilt matters; monitor for additional indictments and file statements accordingly.

Risks and Unknowns

• Timelines remain unpredictable; defense tactics often delay proceedings.
• Rescission scope: The Nevada court focused on Liquius’ unauthorized acts; broader historical corporate actions may need separate challenges and proof.
• Recovery amounts: No guarantees; outcomes depend on court findings, assets discovered, enforceability of judgments, and cooperation of defendants.
• Trading resumption and business viability: Contingent on governance, regulatory compliance, and credible product/service development.

Closing Notes

• The Nevada custodianship ruling is a significant milestone: it places a shareholder custodian (Hamrick) in a position to access records, nominate/appoint governance, communicate officially, and begin repairing the company.
• Parallel criminal proceedings in Miami are progressing; cooperation by key figures could aid fact-finding and future recovery efforts.
• The community’s persistence, donations, and evidence gathering (including whistleblowers) have been crucial—and will remain so as the group moves into a new phase that blends litigation, governance, and potential operational revival.