BBIG Investors Are Suing Company Executives in New Lawsuit

Market News Daily - BBIG Investors Are Suing Company Executives in New Lawsuit.
Market News Daily – BBIG Investors Are Suing Company Executives in New Lawsuit.

Vinco Ventures (NASDAQ:BBIG) investors are suing company executives, including former co-CEOs Theodore Farnsworth and Lisa King in a new lawsuit.

The plaintiffs in the case are Shadwrick Vick, Christopher Muntz, and Darryl Wayne Genis.

Shadwrick and Christopher were two of the nominees elected by shareholders in March to join Vinco Venture’s Board of Directors.

However, shareholders are taking a much different approach now.

Why is Vinco Ventures being sued?

BBIG investors believe that the company is failing everyday shareholders and must be held accountable for the significant losses seen in the market.

Many investors allege fraud could be at play.

BBIG stock is down more than -43% this year-to-date and more than -84% in the past year alone.

The stock rose 8.61% on Thursday to $0.26 per share from the day’s low of $0.24, respectively.

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On July 24, 2022, the Board of Directors of Vinco Ventures, Inc. terminated Theodore Farnsworth, the former CEO of Helios and Matheson Analytics and Chairman of MoviePass, as the Company’s Co-CEO less than 72 hours after he was appointed, Lisa King as the President of ZVV Media Partners, LLC and former CEO of the Company, Erik Noble as the Company’s Chief Security Officer and any other role, and any and all arrangements between the Company and Roderick Vanderbilt, including as business development director and Chairman of the Board.

All of which are the defendants in the new lawsuit brought forth by BBIG investors.

Latest BBIG Stock News

Vinco Ventures struck a deal to acquire The National EnquirerThe GlobeThe National Examiner and The National Enquirer UK.

Vinco Ventures is also betting that the U.S. government will ban China-based social media platform TikTok.

A press release from Vinco Ventures suggested that this proposed ban could take place in the near future.

Vinco Ventures’ similar social media platformLomotif, would “step up and fill the void created by a potential TikTok ban.”

But even if this happens, there’s no guarantee that American social media users would switch to Lomotif — though that would be incredibly ideal for shareholders.

Still, investors should tread cautiously as forces in the market may be looking for an opportunity to short the stock and get it delisted, enabling sellers to capitalize without paying taxes.

BBIG investors are doing everything in their power to save the company and take on a much larger and active role in helping the company succeed.

Only time will tell how far these efforts go to impact the trajectory of Vinco Ventures.

Market News Published Daily

Market News Today - BBIG Investors Are Suing Company Executives in New Lawsuit.
Market News Today – BBIG Investors Are Suing Company Executives in New Lawsuit.

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BBIG Stock Has Very High Short Interest Data

BBIG Stock
BBIG Stock & Short Squeeze Data

Community, it brings me great pleasure to provide you with some more high short interest data. Some of you wanted to know my personal thoughts on BBIG stock.

Right away, I can tell this is a great play and see why many of you were holding this particular stock. Lets talk about it.


Welcome to Franknez.com – you already know what’s going on, haha! I’m going to be publishing a new YouTube video every Monday and Friday so be sure to subscribe at the end of this article. I’ll be leaving the link below.

Lets get started!

Vinco Ventures, stock ticker symbol BBIG, is a company that acquires brands and grows them using their Honey Badger and Social Pulse Media platforms.

This company is fairly new to the market. Its IPO price started around $5-$6 per share back in 2018. The stock is currently trading around $6 per share.

BBIG stock has been trading double its average volume which shows a massive interest in this acquisition company. I could go over earnings reports and other fundamentals but we’re not here to talk about fundamentals.

BBIG stock is currently heavily shorted.

BBIG Stock Short Interest Data

Lets go over the latest Ortex short interest data to see just how heavily shorted this stock is. BBIG’s short interest is considered to be extremely high at 23.61%.

The amount of shares being loan is a whopping 26.91 million and the utilization is currently at 98.80!

The demand for borrowed shares to short the stock is insane! Our community has identified that stocks with these high short interest numbers means its possible to squeeze shorts from their positions.

We’ve also noticed that gamma squeezes and quick runups actually take months of buying and holding to manifest. BBIG stock was trading $1.25 back in January of this year.

If you bought the stock then, that means you you 10X’d your initial investment. 1,000 shares of BBIG stock would have earned you $10,000.

Despite the f’ery in the markets, you have to admit the stock market is an amazing tool to multiply your money.

Will BBIG Stock Keep Going Up?

will bbig stock go up

BBIG stock certainly has the potential to continue surging. Retail investors will have to keep a bullish sentiment and attitude towards the stock in order to see higher gains come to fruition.

BBIG is at an all-time high right now and it’s possible retail investors begin to selloff and begin taking profits. This where short sellers can double down on their positions and further bring the stock price down.

BBIG shareholders will have to refrain from selling if they are to set new levels of resistance and support. See, the crazy thing is that shorts have not covered their positions in this stock and you can tell due to the massive short borrow fee rate and short interest.

Short sellers are paying a 146.02% to borrow the stock! If you’re already paying 24%-32% on your credit card, imagine their fees!

With proper momentum, retail investors can certainly experience a BBIG short squeeze, where short sellers are forced to close their positions driving the stock price up.

How High Can BBIG Stock Go?

I cannot make a prediction on the stock price ceiling since BBIG has recently passed its initial IPO stock price. However, what I can tell you is that the stock has much more room for growth than it’s current trading price of $6 per share.

Should You Buy BBIG Stock?

I’m going to be one hundred with you guys because your success is extremely important to me. I don’t hold BBIG stock but have it on my list to buy. If you’re looking to diversify your momentum plays, this could be a stock with lots of potential.

Of course, it’s the community that holds the sentiment behind these massively shorted stocks. And I think that as more retail investors begin to diversify, these stocks will continue to soar in the long run as long the stock is being bought and held.

If you’ve been reading FrankNez for quite some time then you know AMC is my main play, no questions asked. This article isn’t to convince you to buy BBIG stock, but to merely present to you the short interest data so you can make a financial decision for yourself.

I’m personally bullish on this stock and can see it gaining more traction as more retail investors buy into it. Something to keep in mind is that after significant gains a stock is usually quick to drop. And this is primarily due to some investors taking profit combined with short sellers doubling their positions or new short sellers getting in.

If you’re thinking about buying the stock, I would personally wait for a dip; especially after seeing these all-time highs. Because the short interest is so high and the utilization is so high, BBIG stock could prove to provide significant gains down the road as it already has for early investors.

And lastly…


I’d love to know your BBIG stock story. Are you an early investor or are you looking to get in? And, what other momentum stocks are you holding? Would you like me to publish an article on other stocks? Let me know in the comment section below.

But before you do, subscribe to the newsletter to get notified when a new blog article is published; or you can also connect with me on social media. I’ll be leaving the links below.

With that being said, thank you for taking the time for reading the blog and for being here right now. It means more than you could ever know.

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