Honorable Judge Allf
8th Judicial Court, Nevada
Regional Justice Center
200 Lewis Ave., Las Vegas, NV 89155

Subject: Petition in Support of Emergency Motion to Appoint Custodians and Board Members for Vinco Ventures, Inc.  Case: A-23-868781-B

Dear Judge Allf,

We, the undersigned shareholders of Vinco Ventures, Inc. ("Vinco"), hereby express our full support for the Emergency Motion filed on July 31st, 2023 seeking the appointment of Shadwrick Vick and Christopher Muntz as custodians and/or board members for Vinco Ventures, Inc. These shareholders have taken a proactive step in defending shareholder rights when our own investment company Vinco Ventures, Inc. , has neglected to stay compliant with Nevada law, SEC compliance and Nasdaq regulations.  They have not filed the required annual report or quarterly filings, nor have been able to comply with Nasdaq’s board requirements. We believe that taking such action is crucial to protect the interests of the company, its shareholders, and stakeholders, and to address the current non-compliance issues with NASDAQ rules that have resulted in the company's delisting.

Background: On July 20, a hearing was held before this Honorable Court to consider Defendants' Motion to Dismiss the Plaintiffs' First Amended Complaint and Plaintiffs' Countermotion to Appoint a Receiver. Subsequent to the July 20 Hearing, on July 21, 2023, Vinco Ventures filed a form 8-K with the SEC, revealing that it received an Additional Staff Determination - Delinquency letter from NASDAQ on July 14, 2023. The company failed to comply with NASDAQ's independent director, audit, and compensation committee requirements, leading to potential delisting. We believe that the Defendants deliberately delayed filing the 8-K until after the July 20 Hearing, attempting to conceal the non-compliance from this Court and the Plaintiffs.

Negative Consequences of Delisting: The delisting of Vinco Ventures from NASDAQ has had severe and detrimental effects on the company, its shareholders, and investors at large. We, the undersigned shareholders, would like to bring to the Court's attention the following critical issues resulting from the delisting:

1.  Limited Liquidity and Trading Restrictions: Many brokerages are currently restricting shareholders from buying or selling Vinco's stock, causing a significant liquidity crisis. This lack of liquidity poses a severe burden on shareholders and affects their ability to access the value of their investments.
2. Reduced Company Value: The delisting from NASDAQ has caused a substantial decrease in the company's market value. The loss of the NASDAQ listing status has eroded investor confidence and resulted in a sharp decline in the stock's price, causing significant losses to shareholders.
3. Limited Access to Institutional Investors: Institutional investors, such as Charles Schwab, Fidelity, BlackRock, and others, are restricted from investing in OTC companies. This limitation on access to institutional investors reduces the pool of potential investors and stifles the company's growth prospects.
4. Loss of Global Reach: Being delisted from NASDAQ has led to the loss of global reach and exposure to international investors. The reduced visibility hampers the company's ability to attract foreign investments and limits its potential for expansion and growth in the global market.
5. Restricted Capital Access: The delisting has made it challenging for Vinco to raise capital. Without access to the NASDAQ, the company's ability to secure funds from investors and financial institutions has been severely curtailed.
6. Impaired Investor Confidence: The delisting and non-compliance issues have eroded investor confidence in Vinco Ventures. Shareholders' trust in the company's management has been shaken, further exacerbating the company's financial challenges.
   Request for Relief: In light of the severe negative consequences resulting from the delisting of Vinco Ventures, Inc., we, the undersigned shareholders, implore this Honorable Court to take immediate and decisive action by appointing Shadwrick Vick and Christopher Muntz as custodians and/or board members for Vinco Ventures, Inc. The appointment of custodians and board members is essential to restore confidence, ensure compliance with regulatory requirements, and safeguard the interests of shareholders and stakeholders.

We believe that prompt intervention by the Court is necessary to protect the value of our investments and to enable Vinco Ventures to regain compliance with NASDAQ rules. The appointment of custodians and board members will facilitate transparent and diligent management, fostering confidence among shareholders and potential investors.

Conclusion: We entrust the Court's wisdom and authority to consider the urgency of the situation and act in the best interest of the company and its shareholders.

We respectfully request that this petition be presented to the Court in conjunction with the Emergency Motion to demonstrate the united support of shareholders seeking the appointment of custodians and board members.

Thank you for your attention to this matter, and we hope for a favorable resolution that ensures the long-term stability and success of Vinco Ventures, Inc.

At the time of this petition, I am the holder of BBIG securities.

Note: Please refrain from donating on this change.org site and revert to the GoFundMe:

https://gofund.me/2defc3a9