To understand how the CEO thinks about RNWF and ECOX, see this post from X:
As the court appointed custodian of Vinco Ventures, this is our first official public release of information regarding the status and direction of the company. There has been a great deal of information circulating recently, and I want to provide a clear and factual summary of where things stand and what is being done.
The purpose of this custodianship is straightforward: to bring the company back into good standing, protect shareholders, and prepare it for a legitimate path forward.
Since appointment, my intent has been to focus on restoring structure and compliance, reinstating the company with the State of Nevada, organizing records, preparing filings to facilitate reinstatement on OTC Markets, and preparing and filing a new 15c2-11 submission to restore the company’s public quotation. In practice, a significant portion of our time and resources has been consumed by legacy derivative litigation that originated under prior management. These matters have required extensive effort and funding and have delayed visible progress, but they are being addressed methodically and in good faith.
The objective remains unchanged. The goal is not to recreate Vinco Ventures as it once was, but to clean up what exists, determine what assets are real, resolve the remaining disputes, and position the public company for a new operating business that can create lasting value for shareholders.
To move beyond the litigation and allow that progress to continue, I have offered to settle and assign custodianship to derivative plaintiffs in exchange for reimbursement of $100,000. This amount is not representative of the total time and expenses that have gone into this effort. The custodianship has generated extensive legal bills associated with the derivative litigation, fees to the State of Nevada and OTC Markets, costs required to restore compliance, and the staff and resource commitments necessary to administer and guide the company toward compliance and reinstatement. In light of those obligations, the $100,000 offer represents a significant concession and a practical opportunity for resolution. That offer has been made twice and remains open today.
If this proposal is not accepted, my team and I will continue doing the work we were appointed to do as custodians, rebuilding a transparent and compliant public company capable of real growth.
This custodianship is fully supervised by the Court. Every action taken has been through proper legal channels, including communications with counsel, the plaintiffs’ attorneys, and the Court itself. Every filing, motion, and report has been made in accordance with the Court’s directives and in full alignment with the authority granted under the custodianship appointment. There are no side deals or shortcuts, only structure, compliance, and the patient work of restoring something that had long fallen dormant.
To better understand what this approach delivers, please look at what has been achieved by my team. We have had recent success with the restoration and revitalization of Eco Innovation Group, Inc. (OTC: ECOX) and Renewal Fuels, Inc. (OTC: RNWF), among numerous other currently active projects in progress. My team has significant experience in this area and has achieved consistent success over the past several years doing exactly this. These examples reflect a disciplined and proven process built on compliance, transparency, and long term value creation.
The focus has always been on creating value through structure and governance, not hype or speculation. We are not raising money through online campaigns or public donations. We are restoring corporate integrity step by step, through filings, compliance, and the proper legal process.
I do not typically post on social media and created this account solely to provide factual updates directly to shareholders. I appreciate the many perspectives being shared, but I will not be engaging in extended discussions here. Future information will be communicated through formal channels such as court filings, company statements, or press releases.
In summary, our work has focused on restoring the company to good standing, managing inherited litigation, and laying the groundwork for a future operating business that can build long term value. We have offered to transition custodianship if reimbursed for a small portion of the company’s total expenses, and that offer remains open. Otherwise, my team and I will continue advancing the custodianship through the same disciplined and transparent process that has worked so effectively in other companies we have revived.
We are American entrepreneurs who believe in second chances and in the idea that any company can rebound and achieve meaningful success through hard work, integrity, and sound business decisions. While we may not be highly visible online or focused on social media conversations, we are dedicated to quiet, consistent progress and measurable results achieved through disciplined effort behind the scenes.
At the end of the day, everyone seeks the same goal, a compliant and successful company that delivers real value to its shareholders. The difference is our commitment to making that goal a reality through quiet, consistent work and tangible results.
Thank you,
Richard Hawkins
AI
