13D Filing: Tocqueville Asset Management L.P. and Inuvo Inc. (INUV)

You can access the original SEC filing by clicking here.

Ownership Summary Table

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
TOCQUEVILLE ASSET MANAGEMENT 2,308,411 9 2,308,411 11 2,308,411 8.11%

Page 1 of 4 – SEC Filing




UNITED
STATES

SECURITIES
AND EXCHANGE COMMISSION

Washington,
D.C. 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,
NY
10019

Phone : 212-698-0845



(Name,
Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
February 02, 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 §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the
following box.
o
Note: Schedules filed in paper
format shall include a signed original and five copies of the schedule,
including all exhibits. See §240.13d-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).

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Page 2 of 4 – SEC Filing


1

NAMES
OF REPORTING PERSONS

I.R.S.
IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
TOCQUEVILLE ASSET MANAGEMENT L.P.
2

CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)
o
(b)
x
3

SEC
USE ONLY
4

SOURCE
OF FUNDS
AF
5

CHECK
BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(e)
or 2(f)
o
6

CITIZENSHIP
OR PLACE OF ORGANIZATION
Delaware

NUMBER
OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
7

SOLE
VOTING POWER
2,308,411
8

SHARED
VOTING POWER
 
9

SOLE
DISPOSITIVE POWER
2,308,411
10

SHARED
DISPOSITIVE POWER
 
11

AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,308,411
12

CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES
o
13

PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8.11%
14

TYPE
OF REPORTING PERSON
PN
IA
Charles D. Morgan, a related person of Tocqueville Asset Management, L.P., serves as a Director of Inuvo, Inc. Rich Howe, an advisory client of Tocqueville Asset Management, L.P., serves as Chairman and CEO of Inuvo, Inc. G. Kent Burnett, an advisory client of Tocqueville Asset Management, L.P. serves as a Director of Inuvo, Inc.

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Page 3 of 4 – SEC Filing

Item 1.
Security and Issuer
   
 
 
Inuvo, Inc. (the “Issuer”)

Common Stock (the “Shares”)


111 Main Street, Suite 201

Conway, AR 72032
Item 2.
Identity and Background
   
 
(a)
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.
 
(b)
 
(c)
 
(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.
 
(f)
Item 3.

Source
and Amount of Funds or Other Consideration
   
 
 
As of the date hereof the Reporting Person may be deemed to beneficially own 2,308,411 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, a related person of Tocqueville Asset Management, L.P., serves as a Director of Inuvo, Inc. Rich Howe, an advisory client of Tocqueville Asset Management, L.P., serves as Chairman and CEO of Inuvo, Inc. G. Kent Burnett, an advisory client of Tocqueville Asset Management, L.P. serves as a Director of Inuvo, Inc.
 
(a)
 
(b)
 
(c)
 
(d)
 
(e)
 
(f)
 
(g)
 
(h)
 
(i)
 
(j)
Item 5.

Interest
in Securities of the Issuer
   
 
(a)
As of the date hereof, the Reporting Person may be deemed to be the beneficial owner of 2,308,411 Shares, constituting 8.11% of the Shares of the Issuer, based upon the 28,480,660 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 2,308,411 Shares; has the shared power to vote or direct the vote of 2,308,411 Shares; has sole power to dispose or direct the disposition of 2,308,411 Shares; and has shared power to dispose or direct the disposition of 2,308,411 Shares.


The Reporting Person disclaims beneficial ownership in the Shares reported herein except to the extent of its pecuniary interest therein.
 
(b)
 
(c)
 
 
Transaction Date   Shares or Units Purchased (Sold)   Price Per Share or Unit  
 
 
           
 
 
 
(d)
 
(e)
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.

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Page 4 of 4 – SEC Filing

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.
Tocqueville Asset Management, LP
February 02, 2018
By:

/s/
Victor Huwang
Compliance Officer

The
original statement shall be signed by each person on whose behalf the statement
is filed or his authorized representative. If the statement is signed on behalf
of a person by his authorized representative (other than an executive officer or
general partner of the filing person), evidence of the representative’s
authority to sign on behalf of such person shall be filed with the statement:
provided, however, that a power of attorney for this purpose which is already on
file with the Commission may be incorporated by reference. The name and any
title of each person who signs the statement shall be typed or printed beneath
his signature.
Footnotes: Charles D. Morgan, a related person of Tocqueville Asset Management, L.P., serves as a Director of Inuvo, Inc. Rich Howe, an advisory client of Tocqueville Asset Management, L.P., serves as Chairman and CEO of Inuvo, Inc. G. Kent Burnett, an advisory client of Tocqueville Asset Management, L.P., serves as a Director of Inuvo, Inc.

Attention:
Intentional misstatements or omissions of fact constitute Federal criminal
violations (See 18 U.S.C. 1001)


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