Filing Details
- Accession Number:
- 0000919574-18-004508
- Form Type:
- 13D Filing
- Publication Date:
- 2018-07-03 16:11:49
- Filed By:
- Tocqueville Asset Management L.p.
- Company:
- Inuvo Inc. (NYSEMKT:INUV)
- Filing Date:
- 2018-07-03
- SEC Url:
- 13D Filing
Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.
| Name | Sole Voting Power | Shared Voting Power | Sole Dispositive Power | Shared Dispositive Power | Aggregate Amount Owned Power | Percent of Class |
|---|---|---|---|---|---|---|
| Tocqueville Asset Management | 451,509 | 0 | 451,509 | 0 | 451,509 | 1.6% |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
SCHEDULE 13D
Under The Securities Exchange Act of 1934
(Amendment No. n/a)*
| Inuvo, Inc. |
| (Name of Issuer) |
| Common Stock |
| (Title of Class of Securities) |
| 46122W105 |
| (CUSIP Number) |
| Victor Huwang Tocqueville Asset Management, LP 40 West 57th Street, 19th Floor New York, New York 10019 Tel: +1 (212) 698-0845 |
| (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) |
| June 25, 2018 |
| (Date of Event Which Requires Filing of this Statement) |
| If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of ss.240.13D-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box [_]. |
| Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7 for other parties to whom copies are to be sent. |
_______________
| * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. |
The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). |
| CUSIP No. | 46122W105 |
| 1. | NAME OF REPORTING PERSONS | |
| I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) | ||
| Tocqueville Asset Management, LP |
| 2. | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* | ||
| (a) | [_] | ||
| (b) | [x] | ||
| 3. | SEC USE ONLY | |
| 4. | SOURCE OF FUNDS* | |
| AF |
| 5. | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) | [_] | |
| 6. | CITIZENSHIP OR PLACE OF ORGANIZATION | |
| Delaware |
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | ||
| 7. | SOLE VOTING POWER | |
| 451,509 |
| 8. | SHARED VOTING POWER | |
| 0 |
| 9. | SOLE DISPOSITIVE POWER | |
| 451,509 | ||
| 10. | SHARED DISPOSITIVE POWER | [_] | |
| 0 | |||
| 11. | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | |
| 451,509 | ||
| 12. | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* | |
| 13. | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) | |
| 1.6% |
| 14. | TYPE OF REPORTING PERSON* | |
| PN, IA | ||
Charles D. Morgan serves as a director of the Issuer and is formerly a related person of the Reporting Person.
| CUSIP No. | 46122W105 |
| Item 1. | Security and Issuer. |
| Inuvo, Inc. (the "Issuer") Common Stock (the "Shares")
1111 Main Street, Suite 201 Conway, AR 72032
|
| Item 2. | Identity and Background. |
| (a-c,f) This Schedule 13D is being filed by Tocqueville Asset Management, LP (the "Reporting Person".)
The Reporting Person is a Delaware limited partnership with its principal business address at 40 West 57th Street, 19th Floor, New York, New York 10019.
Tocqueville Management Corporation (“TMC”) is the general partner of the Reporting Person. TMC does not own any Shares in its own accounts. The principal business address of TMC is at 40 West 57th Street, 19th Floor, New York, New York 10019.
The Shares reported herein are held in the name of certain client accounts advised by the Reporting Person.
(d) The Reporting Person has not, during the last five years, been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).
(e) The Reporting Persons have not, during the last five years, been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding were or are subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, Federal or state securities laws or finding any violation with respect to such laws.
|
| Item 3. | Source and Amount of Funds or Other Consideration. |
| As of the date hereof the Reporting Person may be deemed to beneficially own 451,509 Shares.
No borrowed funds were used to purchase the Shares, other than any borrowed funds used for working capital purposes in the ordinary course of business.
|
| Item 4. | Purpose of Transaction. |
| The Reporting Person acquired the Shares of the Issuer for investment purposes. The Reporting Person evaluates the investment in the Shares on a continual basis.
The Reporting Person has no plans or proposals as of the date of this filing which relate to, or would result in, any of the actions enumerated in Item 4 of the instructions to Schedule 13D.
Charles D. Morgan serves as a director of the Issuer and is formerly a related person of the Reporting Person.
|
| Item 5. | Interest in Securities of the Issuer. |
| (a, b)
As of the date hereof, the Reporting Person may be deemed to be the beneficial owner of 451,509 Shares, constituting 1.6% of the Shares of the Issuer, based upon the 28,797,198 Shares outstanding based on information provided in the Issuer's most recently filed Form 10-Q.
The Reporting Person has the sole power to vote or direct the vote of 451,509 Shares; has the shared power to vote or direct the vote of 0 Shares; has sole power to dispose or direct the disposition of 451,509 Shares; and has shared power to dispose or direct the disposition of 0 Shares.
The Reporting Person disclaims beneficial ownership in the Shares reported herein except to the extent of its pecuniary interest therein.
(c)
The Reporting Person has not purchased or sold any other Shares in the past 60 days. However, as described in the Form 4 filed by the Reporting Person in the Issuer on June 29, 2018, and which is incorporated herein by reference, 307,998 and 1,871,031 Shares are no longer beneficially owned by the Reporting Person as of June 25 and 26, 2018, respectively, including Shares held in the account of Charles D. Morgan, a Director of the Issuer and formerly a related person of the Reporting Person.
(e) As of June 26, 2018, the Reporting Person no longer owns more than 5% of the total outstanding shares of Common Stock. Consequently, the Reporting Person is no longer considered a Reporting Person for purposes of this Schedule 13D.
| ||
| Item 6. | Contracts, Arrangements, Understandings or Relationships with Respect | |
| to Securities of the Issuer. | ||
| Not Applicable.
| ||
| Item 7. | Material to be Filed as Exhibits. |
| Not Applicable. | ||
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
| July 3, 2018 | |
| (Date) | |
| |
| Tocqueville Asset Management, LP
By: /s/ Victor Huwang Compliance Officer
|
Footnotes: Charles D. Morgan serves as a director of the Issuer and is formerly a related person of the Reporting Person.
Attention: Intentional misstatements or omissions of fact constitute Federal criminal violations (see 18 U.S.C. 1001).