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Bruafekkay Posted:
agreed drab
individual, large
if the hamlet is
not provided with
the requisite
...

In The Forum:
Vonage V-Phone & SoftPhone
Topic:
mauersteine 50x50 unsparing
On Dec 07, 2016 at 20:07:45

tplink Posted:
Im trying to add
my HT802 vonage
adapter to my home
network. I
currently have
...

In The Forum:
Hard Wiring - Installation
Topic:
Vonage behind switch
On Dec 05, 2016 at 06:35:11

DWSupport Posted:
After recent
Vonage update that
took place on the
4th and 5th of
Nov. E-mails with
...

In The Forum:
Vonage
Topic:
Voicemail Not Forwarding to Outlook Accounts
On Nov 10, 2016 at 12:23:26

peterlee Posted:
Had a call from a
Hospital in Ajax,
Ontario to my home
in
Scarborough, Onta
rio
...

In The Forum:
Vonage Canada
Topic:
Hospital Incoming call unable to connect
On Nov 08, 2016 at 11:59:50

TELLDOUG Posted:
I am looking for a
product that will
make my phone ring
louder so I can
hear using
...

In The Forum:
Vonage
Topic:
Looking for a ringer ameliorate
On Oct 26, 2016 at 09:21:30

HildBeft Posted:
You can recollect
password by
connecting the
router to your pc
and open the
browser
...

In The Forum:
Hard Wiring - Installation
Topic:
How to arrive at wifi password?
On Oct 20, 2016 at 05:05:49

HildBeft Posted:
Great tips..
Thanks for sharing
...

In The Forum:
Hard Wiring - Installation
Topic:
How to have Vonage and another land line?
On Oct 20, 2016 at 04:55:03

massrman Posted:
The devices are
available at
different price
margins , please
share your
estimated
...

In The Forum:
Vonage
Topic:
IP PBX for small business
On Sep 30, 2016 at 00:48:03

massrman Posted:
Hi these are most
commonly used SIP
PBX interops and
their
configuration
guides,
...

In The Forum:
Vonage
Topic:
IP PBX for small business
On Sep 30, 2016 at 00:37:45

Sammy00 Posted:
Has anyone setup a
W52p phone for
vonage? I have
a W52p with two
wireless handsets,
...

In The Forum:
Hard Wiring - Installation
Topic:
W52p Setup
On Aug 30, 2016 at 10:38:01


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Vonage Holdings Corp. Reports Fourth Quarter and Full Year 2013 Results

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Vonage, a VT2142 and a RTP300, My Experiences - A Detailed Review
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Vonage While I am a lawyer who specializes in class action lawsuits (but not involved



While I am a lawyer who specializes in class action lawsuits (but not involved with any Vonage class actions), please do not consider this legal advice, just thoughts about what I would do in your situation.

First, it seems clear that many and perhaps all Vonage customers who bought the IPO are entitled to have their trade recinded. There are several legal reasons that have been raised:

They were solicited to buy without being given a prospectus or told how to get one, in violation of securities law;

They were unable to log onto their Smith Barney account online on the day of the IPO;

They were defrauded by Vonage management and underwriters;

Vonage management and underwriters were negligent.

You are all members of the class actions if you bought the IPO, though if you don't want to be you will be given an opportunity to "opt-out" of the class. Most class actions settle out of court.

However, I would make every effort not to pay, because this is not a normal class action.

Vonage loses an enormous amount of money each month. It has on hand right now, post IPO, about 14 months worth of cash to operate with. After paying for the shares to its underwriters of those who are unwilling to pay, as well as its legal bills, 12 months may be a more realistic estimate.

Losing money hand over fist is OK as long as you can raise more. Amazon lost tons of money for years before breaking even because it was always able to sell more stock to cover its losses.

It is increasingly clear now that Vonage will not be able to raise any more money to sell its stock. This creates a vicious cycle. There is no way the company can avoid bankruptcy without more money, as people realize this its stock price keeps falling, which then in turn futher confirms that it will never be able to raise more money. Vonage thus resembles eToys a lot more than Amazon.

You guys also ought to realize that it wasn't just you who were burned, but so were all of Vonage's bankers. Nobody will want to be associated with this company anymore.

Jeffrey Citron, the founder, Chairman of the Board, and largest shareholder of Vonage, in order to settle fraud charges brought by the SEC, agreed to pay a $22.5 million fine and was banned for life from the securities industry. Vonage's i-bankers took a big chance in dealing with this guy considering this bankground. They would be insane to do so again, and would be putting themselves at great legal risk.

Now back to why you should make every effort not to pay. First, as a moral matter, Vonage and its partners have tried to con you. I do not think you have any moral obligation to pay up for the worthless stock they conned you into agreeing to buy.

Second, I don't see how Smith Barney can go after you for payment since Vonage has agreed to pay for any shares you don't buy. Now Vonage can of course go after you, but the bad PR and the legal expenses of doing so are unlikely to be worth it.

In normal circumstances you might just pay Vonage and wait to get your money back from the lawsuit. However these suits take years to even reach settlement. In the meantime Vonage is likely to go bankrupt. So while you may "win" your money back a few years from now, there will be no way for you to collect on it.

Better to keep the money right now, and years from now when the suit finally is settled or won, have your right to do so confirmed.



Read The Full Thread:

reasons not to pay for Vonage stock


Good advise to a point. As far as I can see, people went into this IPO with their eyes
Thinking you were going to make money doesn't mean you deserved to be defrauded.
If this junk about Citron is and STILL is true, then the LLC governing this website
Really!! I simply don't get it. I'd like to see how many people here would react
Based on your post, I find it very hard to believe that you are a lawyer specializing
A moral obligation to pay people who have swindled you, just because at some point
Thank you BigTime. I will not even address tfunk's comments other than to state
I thought lawyers used spellchecker?? I guess not.
And here is a great summary of what VG failed to disclose in the ir prospectus. After

BigTime posted "While I am a lawyer who specializes in class action lawsuits (but not involved" on 06/15/2006

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†AK and HI residents pay $29.95 shipping. ††Limited time offer. Valid for residents of the United States (&DC), 18 years or older, who open new accounts. Offer good while supplies last and only on new account activations. One kit per account/household. Offer cannot be combined with any other discounts, promotions or plans and is not applicable to past purchases. Good while supplies last. Allow up to 2 weeks for shipping. Other restrictions may apply.

1Unlimited calling and other services for all residential plans are based on normal residential, personal, non-commercial use. A combination of factors is used to determine abnormal use, including but not limited to: the number of unique numbers called, calls forwarded, minutes used and other factors. Subject to our Reasonable Use Policy and Terms of Service.

2Shipping and activation fees waived with 1-year agreement. An Early Termination Fee (with periodic pro-rated reductions) applies if service is terminated before the end of the first 12 months. Additional restrictions may apply. See Terms of Service for details.

HIGH SPEED INTERNET REQUIRED. †VALID FOR NEW LINES ONLY. RATES EXCLUDE INTERNET SERVICE, SURCHARGES, FEES AND TAXES. DEVICE MAY BE REFURBISHED. If you subscribe to plans with monthly minutes allotments, all call minutes placed from both from your home and registered ExtensionsTM phones will count toward your monthly minutes allotment. ExtensionsTM calls made from mobiles use airtime and may incur surcharges, depending on your mobile plan. Alarms, TTY and other systems may not be compatible. Vonage 911 service operates differently than traditional 911. See www.vonage.com/911 for details.

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