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Vonage Of course suing your best customers, the ones who had so much faith in the company
Of course suing your best customers, the ones who had so much faith in the company they spend thousands of dollars to buy the IPO, will be bad for the company.
Plus, for those that just scan headlines rather than read the story, they will see "Vonage sues customers who bought its failed IPO" and be turned off from the company.
I also agree with Actor90. Nobody says that you are entitled to make money off an IPO, but the custom that is followed in virtually every IPO is to slightly underprice the IPO. Here they overpriced it by a huge amount. Stocks just don't fall 25% the day of their IPO, and 50% in a month.
Now if Vonage tries to go after its customers, it will mean even more bad PR.
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
• I sat back and watched the train wreck that is the Vonage IPO for awhile now. I have
• Vonage has 1.6MM customers., Going after 500 won't cause a problem.
BigTime posted "Of course suing your best customers, the ones who had so much faith in the company" on 06/26/2006 |
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