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Vonage Here's my story (much like yours, I am sure). Please comment... Requsted



Here's my story (much like yours, I am sure). Please comment...

Requsted 600 shares, got 200. My intention was to sell if the stock went below 16.50. Was never able to open UBS online account, which was the only way to set up orders, etc. Called UBS 8 or 9 times all day Monday May 22 and a couple of couple of times on Tuesday May 23 and kept getting the same answer from all reps: "Give it an hour and try again".

After exploding on the last call, UBS finally let me set up orders via telephone on May 23. This was AFTER trading had begun and the damn stock had lost more than $2. Since my plan was no longer possible, I requested to sell at $12, still thinking that it was not fair that I had to incurr such a loss because the damn online service did not work for me.

Anyway, I went to the local UBS office on Friday to pay for my shares. Today I find out there is possibility that the shares will be bought back or that the IPO will be canceled. Should I put a stop payment on the check I made to UBS??? I don't want to get into legal trouble, but the thought of losing $1000 unnecessarily is just too much...

Even though i knew the risks, I still feel like I am being cheated on. Also, I never thought this could happen, but I am starting to feel like I should not be a Vonage customer any longer.

Any comments?



Read The Full Thread:

Tempted to do stop payment...


I feel the same way... do I stop payment so that I can be included in this group of
Dropping a bomb like that buy back announcement and then not responding to media
I stopped payment on my check about an hour ago.
Makes you think that they have to be getting ready to announce something.....
You did the right thing - those who refuse to pay for shares they ordered are NOT
I lost money in the Vonage IPO. I am in the securities business and a lawyer. I am
Well, yes and no. It seems pretty obvious to me that the price for the IPO was put
Here, Here! Maybe they should have stuck with the original $8 pricing? :eek:
I am no lawyer, but everyone, you need to realize that sending a check and stopping

silkworm posted "Here's my story (much like yours, I am sure). Please comment... Requsted" on 05/30/2006

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