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Vonage Audiotron lets look at your points individually.
You said "The problem is
Audiotron lets look at your points individually.
You said "The problem is that the rules were not followed and it was impossible for people to sell shares once the market opened."
What proof do you have? All you had to do was call your broker and place your order. If you placed an order and it wasn't executed. Then your issue is with the broker.
Your said "First, my screen said I was allocated zero. I never rechecked."
Well whos fault is it that you didn't recheck? Yours.
You said "Second, no one sent an email to me indicating that the offering as priced to let me then decide whether I wanted to participate"
The website clearly stated that all information would be posted to the website and you had to acknowledge that no other types of notices though possible would not be guaranteed.
You said "Third, the terms and conditions clearly state three important facts. 1. All disputes will be handled by an arbitrator."
True statement arbitration is the first step in settling disputes. A possible result of arbitration could be legal action.
You said " 2. If you decide NOT to pay for the shares, they will be reallocated."
Wrong nowhere does it say that "If you decide NOT to pay for shares, the will be reallocated" The terms state that the underwriters will not be held liable for shares that are not paid for or returned. Liability still remains with the individual investor.
You said "3. you must read all prospectus and amendments (I never read the amendments) since they were filed almost immediately before the IPO was priced."
Again, whos fault is it that you didn't do what you were instructed to do?
Arbitration will be in your future and I can assure you that there will be a quick decision not in your favor. My advice is to consult with an attorney to formulate your strategy after arbitration has concluded.
I was waiting for my confirmation email and never got one.
So thats where the issues are and Vonage will have to sue me for the money and, if after we go to court, and I lose. I will not only pay but I will cancel my service. so its a lose-lose for VG.
Read The Full Thread: Class Action Suit Filed
• It has begun... :twisted:
Press Release Source: Motley Rice LLC
Investor
• Probably the first of many. They are still fishing for a lead plaintiff.
• It was just a matter of time. I am just glad there will be some representation to
• The idiot ambulance chaser is probably a Vonage customer that bought into the
• This isn't a Ron Popeil Turkey Jerky Machine.
Hey, that thing makes some damn
• LOL - you have to be the least informed person on this board.
• rudedog40 you said well, as have many others.
I subscribed to the IPO, made
• so just out of curiousity, why are you posting on this board. Do you often post on
• I'm posting now because I am following these threads. I've been a Vonage subscriber
• [quote="jlridge"]
It depends, did the mortgage company conspire with the
gfoulks posted "Audiotron lets look at your points individually.
You said "The problem is" on 06/08/2006 |
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