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Vonage I sat back and watched the train wreck that is the Vonage IPO for awhile now. I have
I sat back and watched the train wreck that is the Vonage IPO for awhile now. I have come to certain conclusions. Vonage at the time leading up to this IPO practically begged their loyal customers to purchase the stock. Multiple e-mails, leaving voice mail messages, etc. I read the prospectus and given how hard Vonage pushed the IPO I said, "No way." I firmly believe that Vonage knew the IPO set price at 17 dollars a share was highly inflated.
This whole incident reeks of fraud. When the law suits and investigations are finished I have a feeling certain individuals associated with Vonage are going to be facing jail time or at the very least severe penalties. If I were in the shoes of the victims of this fraud, I would not pay them a dime. Do not be swayed by the fan boys and cool aid drinkers of Vonage. It is a good product, that does not mean the corporate players and shills of Vonage are good.
Read The Full Thread: Broker told me DON''T PAY for that Vonage IPO!
• So I went to my monthly investment club meeting tonight.
Our broker goes to
• There seems to be a lot of people here who feel burned in this way, but as I read the
• Just remember - it's not your broker who gets their credit rating screwed, and
• I have heard this credit statement quite a bit. Can someone speak to this further?
• Even if not paying for the shares has no affect on credit, I wonder if you will eventually
• I have no idea if they can hurt your credit rating, but seems doubtful since Vonage
• Why does everyone think that it will be bad PR for Vonage if they go after people
• Of course suing your best customers, the ones who had so much faith in the company
• Vonage has 1.6MM customers., Going after 500 won't cause a problem.
actor90 posted "I sat back and watched the train wreck that is the Vonage IPO for awhile now. I have" on 06/24/2006 |
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