EXCLUSIVE: ZASH Global Media Co-Founder Explains Miscommunication Involving Vinco Ventures Management Transition
EXCLUSIVE: ZASH Global Media Co-Founder Explains Miscommunication Involving Vinco Ventures Management Transition
Vinco Ventures Inc (NASDAQ:BBIG) is trading lower Wednesday following a management transition involving the company's CEO and CFO.
Vinco Ventures Inc.納斯達克股票代碼：BBIG)週三股價下跌，此前該公司首席執行官和首席財務官進行了管理層交接。
The company announced that Christopher Ferguson, former CEO of Vinco Ventures, agreed to a three-year deal to serve as a senior strategic advisor with Vinco Ventures' parent company ZASH Global Media. Lisa King was voted in as the new CEO of Vinco Ventures.
該公司宣佈，克里斯托弗·弗格森，前Vinco Ventures首席執行官同意了一份為期三年的合同，擔任Vinco Ventures母公司Zash Global Media的高級戰略顧問。麗莎·金被選為Vinco Ventures的新任首席執行官。
Brett Vroman, former CFO of Vinco Ventures, was appointed CFO of Cryptyde, a wholly-owned subsidiary of Vinco Ventures.
佈雷特·弗羅曼，前Vinco Ventures首席財務官被任命為加密型，Vinco Ventures的全資子公司。
The management transition involving the top executives of Vinco Ventures "has been planned for months and months and months," ZASH Global Media co-founder and chairman Ted Farnsworth said Wednesday on Benzinga's YouTube show "Power Hour."
Zash Global Media聯合創始人兼董事長扎什全球傳媒(Zash Global Media)聯合創始人兼董事長扎什全球傳媒(Zash Global Media)表示，Vinco Ventures的高層管理人員參與的管理層交接“已經計劃了好幾個月泰德·範斯沃斯週三在Benzinga的YouTube節目“Power Hour”上説。
All of the company's management remains intact, Farnsworth said.
Farnsworth説，公司的所有管理層仍然完好無損。
See the full interview here:
點擊此處查看完整的採訪內容：
Ferguson is transitioning to ZASH Global Media "to help us to grow the business on that side" and King will be focused on internal operations and execution as the new CEO, Farnsworth said. Ferguson and King have been working together throughout the transition period, he added.
範斯沃斯説，弗格森正在過渡到扎什全球傳媒公司(Zash Global Media)，“以幫助我們在那一邊發展業務”，金將作為新任首席執行官專注於內部運營和執行。弗格森和金在整個過渡期都在一起工作，他補充道。
The confusion was a result of the filing of multiple 8-K forms on Tuesday night without a press release, Farnsworth said, and the stock fell more than 20% in the after-hours session. Vinco Ventures issued a press release clarifying the transition on Wednesday morning.
Farnsworth説，這種混亂是因為週二晚上在沒有新聞稿的情況下提交了多份8-K表格，該股在盤後交易中下跌了20%以上。Vinco Ventures在週三上午發佈了一份新聞稿，澄清了這一過渡。
"That's what shorts love to do. Somebody reports the 8-K and they'll start running with their own stories until we get our press release out and start to clarify the story," Farnsworth said.
範斯沃斯説：“這就是賣空者喜歡做的事情。有人報道了8-K，他們就會開始用自己的故事奔跑，直到我們發佈新聞稿，開始澄清故事。”
In hindsight, "that was our bad ... it really should have gone out with the press release," he said.
事後看來，“那是我們的錯……它真的應該隨新聞稿一起發佈，”他説。
The company's intention with the transition was to position its management team in a way that would be most beneficial for the companies and the shareholders, Farnsworth explained.
Farnsworth解釋説，公司過渡的意圖是以一種對公司和股東最有利的方式來定位其管理團隊。
"Our natural thing was to put him in the new subsidiary that we're spinning out to give it the best chance at success that it could have."
“我們自然而然地把他放在我們正在剝離的新子公司裏，讓它有最好的成功機會。”
Farnsworth told Benzinga that "we all were a little shocked" by the stock's reaction to the 8-K filing.
範斯沃斯告訴Benzinga，該股對8-K申請的反應“讓我們都有點震驚”。
Lesson learned: "You never put out an 8-K without a press release attached to it."
學到的教訓是：“你永遠不能在沒有新聞稿的情況下推出一架8-K。”
BBIG Price Action: Vinco Ventures has traded as high as $12.49 and as low as $1.11 over a 52-week period.
BBIG價格行動：Vinco Ventures在52周內的交易價格最高為12.49美元，最低為1.11美元。
The stock was down 18% at $6.34 at the time of publication.
截至發稿時，該股下跌18%，至6.34美元。