$bbig bbigfamily.com court hearing transcript recap

The Spaces provided a concise legal and community update for Vinco Ventures (BBIG) shareholders. The host recapped that a shareholder, Michael Hamrick, was granted intervention and appointed as custodian, replacing the prior custodian (Liquius), whose motions were deemed moot. Court minutes are public; a certified transcript and a stamped order are forthcoming, and a status check is set for February 9. Liquius must cooperate in good faith to provide materials to Hamrick and attorney Jeffrey Haber for shareholder notices, and the court seeks briefing on interim officers’ qualifications (Richard Hawkins and Marjorie Schaffer). The host emphasized improved shareholder standing due to custodianship, prior wins (DOJ/SEC attention, indictments, Rod Vanderbilt’s guilty plea, and a successful pro se emergency hearing), and ongoing strategy that cannot be publicly detailed. He called for continued community support and fundraising, hinted at possible contingency counsel in Nevada and New York, and urged watching Nevada filings. In Q&A, a Canadian shareholder who sold at a loss was advised to file DOJ victim impact statements (Vanderbilt, Farnsworth) and to join BBIGFamily.com for updates, with the host noting he cannot provide legal advice on the impact of selling. The session closed with invitations for private, NDA-protected briefings and calls for legal and turnaround expertise.

BBIG Shareholder Community Call Summary (Recorded on U.S. MLK Holiday Weekend)

Context and Host Disclaimers

• Host: Name not stated on the call (organizer of BBIG Family community and website bbigfamily.com); emphasizes he is not a lawyer, CPA, or financial consultant; statements are personal opinions and not on behalf of Vinco Ventures, Michael Hamrick, or any other plaintiff.
• Legal counsel: Jeffrey Haber (attorney for both the host and shareholder-plaintiff Michael Hamrick).
• Recording logistics: Call held to recap after a prior mass email date error (Jan 18 vs Jan 8). The session is recorded for later listening.
• Community size: Previous call had 577 live listeners; many participate anonymously without Twitter accounts via the Space link.

Community Update and Morale

• Burnout acknowledged: Host expressed recent fatigue but reiterated commitment due to community support and donor obligations (donations ranging from $5 to ~$30,000 via BBIG Support and Litigation Trust).
• Call to action: Community encouraged to keep engaging (retweets/shares, information gathering, donations) with a "community clean-up" analogy—everyone contributes something to move efforts forward.

Legal Milestones and Current Status

• Indictments and guilty plea:
  • Theodore Farnsworth and Roderick (Rod) Vanderbilt have been indicted on securities-related charges; host credits community reporting to the SEC and DOJ as contributing to awareness.
  • Rod has pleaded guilty (per host’s statement), strengthening shareholders’ position.
• Emergency hearing achievement: Community previously proceeded pro se (without counsel) and secured an emergency hearing. Contributors named by the host include Austin, Mike Musicer, Chris Brasio, and Daryl Janice.
• Custodianship granted to a shareholder:
  • The court granted shareholder Michael Hamrick’s motion to intervene and appointed him as custodian (formal stamped order expected soon).
  • This development significantly bolsters shareholder standing, as the custodian can act on behalf of the company.

Court Minutes: Liquius Relieved, Next Steps Defined

• Liquius (prior court-appointed custodian) developments:
  • Liquius was relieved of all custodian duties.
  • Liquius’s motions (to seal documents, hold a shareholder meeting, approve notices) are now moot.
  • Liquius is ordered to cooperate in good faith by providing materials to Hamrick and Haber for shareholder notice.
• Shareholder meeting: The court indicated Hamrick will handle the shareholder meeting going forward.
• Interim officers scrutiny:
  • The court requested briefing on the qualifications of interim officers/directors previously appointed by Hawkins/Liquius, specifically Richard Hawkins and Marjorie Schaffer.
• Procedural timeline:
  • Transcript of the hearing has been ordered (costly, prepared by an official court reporter).
  • The prevailing party (Haber/Hamrick) will draft the formal order mirroring the judge’s oral rulings; it will be submitted to the clerk/judge for signature and stamping.
  • Status check scheduled for February 9; filings/orders expected before that date reflecting Hamrick’s official custodianship.

Standing, Strategy, and Litigation Pathways

• Standing evolution:
  • Earlier judicial feedback (Judge “ALF,” as referenced by host) indicated lack of ripeness/damages and limited standing.
  • Host asserts damages have occurred and the court’s appointment of a shareholder-custodian confers standing to act for the company.
• Active cases: Two previously filed cases remain viable and, in the host’s view, stronger than before.
• Jurisdictional needs: Attorneys needed in New York and Nevada; host suggests watching Nevada filings closely.
• Potential contingency arrangements: Hypothetical scenario discussed wherein counsel may proceed on contingency (no upfront fees, paid from recoveries), implying confidence in damages, standing, and recovery prospects.
• Confidential strategy: Host will not publicly detail the next legal steps; private briefings may be offered under NDA to protect litigation strategy.

Funding and Community Support

• Fundraising relaunch: "$5 Fridays" and "$10 Tuesdays" reinstated now that momentum and favorable court signals exist.
• Budget transparency: Cost details shared in private calls; host urges sustained micro-donations to cover near-term legal expenses.
• Engagement pathways:
  • Website: bbigfamily.com for updates, instructions, and coordination.
  • Private meetings: DM the host (he follows back for DM access). Proof of share ownership requested to join larger private sessions.
  • Volunteer contributions: Legal expertise, litigation support, turnaround ideas, and information funneling to counsel.

Recovery Avenues and Potential Outcomes

• Accountability and restitution:
  • DOJ criminal cases (Farnsworth, Vanderbilt): Victim impact statements encouraged; potential restitution through DOJ channels.
  • SEC enforcement: Potential settlement-based restitution.
  • Civil derivative suits: Potential recovery back to Vinco Ventures via court-approved distributions.
  • Litigation financing/contingency: Any direct recoveries routed per court order and funding structures.
• Corporate revival scenario (hypothetical):
  • If BBIG regains tradability (e.g., OTC), a retail-driven comeback could be possible if the company becomes viable under shareholder stewardship.
  • Host emphasizes focus on building profitable products/services—something prior management failed to execute.

Q&A Highlights

• Speaker: “Resilience” (listener from Canada, first-time participant)
  • Situation: Invested life savings (~$75,000) into BBIG; sold shares at pennies due to stress and loss of confidence; suffered a house fire in April last year, losing documentation.
  • Questions: Can a former holder who sold at a loss still participate? Does being Canadian limit eligibility? Unable to donate currently; uncertain about prior court sign-up and its relevance.
• Host response:
  • Community participation: Welcome to follow and stay engaged regardless of current holding status or ability to donate.
  • Documentation: Retain/restore any proof of purchase/holding/sale if possible.
  • Victim status: Non-U.S. investors can submit victim impact statements for the DOJ criminal cases (instructions available on bbigfamily.com; contact DOJ Victim Assistance per site guidance). This is a minimum step toward potential restitution.
  • On sold shares: Host cannot provide definitive guidance on reversibility or future validity; notes concepts like clawbacks and judgment reversals exist but defers to counsel and court outcomes.
  • Community origins: Host organized bbigfamily.com in Dec 2022 when signs of fraud emerged; early efforts to nominate retail directors were blocked; pro se action led to an emergency hearing.
  • Empathy: Host acknowledges the mental health toll and expresses regret for the listener’s losses.

Names and Roles Referenced

• Michael Hamrick: Shareholder appointed custodian by the court (order pending stamping).
• Jeffrey Haber: Attorney for Hamrick and the host; responsible for drafting the court’s order as prevailing counsel.
• Liquius: Prior custodian; relieved of duties; ordered to cooperate.
• Richard Hawkins and Marjorie Schaffer: Interim board/director appointments under Hawkins/Liquius; court seeking qualification briefing.
• Roderick (Rod) Vanderbilt: Indicted; host states he pleaded guilty.
• Theodore Farnsworth: Indicted.
• Judge “ALF”: Referenced by host in prior standing/ripeness discussions.
• Community contributors acknowledged: Austin, Mike Musicer, Chris Brasio, Daryl Janice, and Mr. Rick.

Key Takeaways

• Court has shifted control of custodianship to shareholder Michael Hamrick; Liquius is out, its motions declared moot.
• Formalization of the new order is pending (transcript, drafting by Haber, judicial stamp).
• Court is scrutinizing interim officer qualifications (Hawkins, Schaffer) and has scheduled a Feb 9 status check.
• Shareholder standing is significantly strengthened under custodianship.
• Fundraising is active; contingency representation may be possible; watch Nevada and New York litigation tracks.
• Victims (including non-U.S.) should consider DOJ victim impact statements; additional civil and regulatory recovery pathways exist.
• A potential corporate turnaround and ticker relisting is hypothetical but seen as a plausible path if shareholder-led viability can be established.

Action Items for Community Members

• Join and monitor updates at bbigfamily.com.
• Submit DOJ victim impact statements for the criminal cases (Farnsworth, Vanderbilt) per site instructions; retain any transaction documentation.
• Participate in micro-donations ($5 Fridays, $10 Tuesdays) if feasible.
• Provide legal, investigative, or turnaround expertise; funnel credible information to counsel.
• DM the host for private briefings/meetings (may involve NDA), especially if you can verify prior share ownership.
• Watch Nevada filings closely; stay alert for the formal stamped order and subsequent shareholder meeting led by Hamrick.