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BBIG IS A WINNER!, Waiting On Record Date, Adrizer, & Zash Merger News.

Dec. 17, 2021 11:10 AM ETVinco Ventures, Inc. (BBIG)

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Summary

BBIG reported earnings on November 22, 2021.

“We are very pleased with our operational developments in the quarter, which included key building blocks of our strategy to create a global media and content platform,” said Lisa King.

Investors are looking forward to updates on BBIG's record date for its Cryptyde, Inc. dividend, Zash merger, Adrizer acquisition, and valuation news.

Let's do this BBIG management team!

Operational Highlights:

Vinco Ventures and ZASH Global Media and Entertainment Corporation through their joint venture, ZVV Media Partners, LLC (“ZVV”), completed the acquisition of an 80% interest in Lomotif Private Limited (“Lomotif”).

Lomotif officially launched in India this past weekend following the beta test in the third quarter. Lomotif worked in India with Social Kyte, a popular influencer platform with over 90,000 member influencers. The Lomotif expansion into India, a large target market, continues to progress with user growth.

Lomotif worked with EDC Las Vegas to extend the Lomotif brand in the U.S. through a three-day event in October that reached and engaged a large audience. Specifically, Lomotif activated over 150 influencers and the Lomotif brand received over 51 million views on TikTok and over 40 million Instagram story views.

ZVV through its business arrangements with Zash completed its first TV series, Preach, and its first feature film, Camp Hideout. Both projects are expected to be monetized in the first half of 2022.

Cryptyde is set to release the limited-edition Nick Cannon Presents: SucStress - The E-NFT Album, featuring Nick Cannon and the Ncredible Gang, on its E-NFT.com platform.

Cryptyde recently launched recording Artist Tory Lanez album “When It’s Dark” on the E-NFT.com platform. “When It’s Dark” is the first album to go platinum on the blockchain with over 1,000,000 units sold.

The Company’s subsidiary, Cryptyde, Inc. (“Cryptyde”), filed its preliminary Form 10 registration statement with the SEC in connection with the planned spin-off of Cryptyde, which currently owns, directly or indirectly, 100% of EVNT Platform, LLC, CW Machines, LLC and Ferguson Containers, Inc. The distribution date is expected to occur in early 2022.

EVNT Platform, LLC launched a business effort, CW Machines, LLC, with Wattum Management, a global supplier of bitcoin mining equipment and services. The venture is expected to focus on simplifying consumer ownership of mining equipment through the integration of smart contract technologies

Disclosure: I/we have a beneficial long position in the shares of BBIG either through stock ownership, options, or other