Update (Dec. 11, 4:58 p.m.): 

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Original Story: It was all good just a week ago. Or so we thought. A few days ago, Lil Wayne damn near broke the Internet after announcing via Twitter that the label he has been on for nearly 20 years, Cash Money Records, is holding him and his music back and he no longer wants to reside in the powerhouse Baby built. Many wondered if his account was hacked. Weezy's manager Cortez Bryant even quelled fan outrage by saying everything was all good, which didn't stop fans from petitioning for the release of Tha Carter V.

It looks like Birdman Jr. has finally spoken up about the situation publically. Last night at a VICE event at the Brooklyn Navy Yard in NYC, Wayne addressed the crowd telling those in attendance he is currently in a bad situation. "I will be out of it soon, and I do it for yall," said Weezy before telling the crowd to throw up five fingers for his forthcoming album.

Check out the footage, above.

Related: Today In Hip-Hop: Lil Wayne Releases ‘Tha Carter II’
Twitter Reacts To Lil Wayne Wanting To Leave Cash Money
Lil Wayne Says His Only Equals Are Kanye West And Beyoncé

[via Info]