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Vonage Vonage Holds Customers to IPO Pledge
HOLMDEL, N.J. (AP) - Ending speculation,
Vonage Holds Customers to IPO Pledge
HOLMDEL, N.J. (AP) - Ending speculation, Internet phone company Vonage Holdings Corp. said customers who agreed to buy into its initial public offering last week must follow through on their commitment to buy shares, even though they have fallen more than 29 percent in value.
Talk is cheap - Vonage can now shout from the mountain tops that everyone has to pay, but given that we all know the company has to cover their underwriters for any shares not paid for - since it was clearly stated in the prospectus - I'll just sit tight and wait for a formal legal request before I complete my purchase (if the stock totally tanks and I have to pay, it'll be a nice capital loss come tax time). Given that Vonage would appear to have much bigger and more pressing issues at this time, other than a few thousand of us balking at completing our purchase given the cluster#$%^ this IPO has become, I'll wait 'til they get around to "me".
Read The Full Thread: Considering not paying for your shares - read this first
• Quite frankly, I think people here put too much weight on VG losing customers.
• Before you decide not to pay, you may want to consider this. Someone got this off
•
• And this just in via email:
Dear Vonage Investor:
We would like to clarify
• I am not paying a cent for this.
They came out today and said that they will buyback
• This should do wonders for the stock price tomorrow. Overnight trading already
• "and am canceling my Vonage service"
according to the WSJ, expect about an
• Where does it say that?
• I second that. Sue me.
• Read the release carefully - "To be clear, we have not offered and are not offering
hustow posted "Vonage Holds Customers to IPO Pledge
HOLMDEL, N.J. (AP) - Ending speculation," on 06/01/2006 |
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