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Vonage You did not answer the questions. Just telling me that you made $xxx money during
You did not answer the questions. Just telling me that you made $xxx money during the "DOT.COM" days does not answer the questions I asked. I find it very very hard to believe that you are a client that was allocated IPO shares during the dot com days. Your general knowledge of this whole process leads me to believe that you simply traded equities after the IPO, but were never a part of the actual IPO process.
If you have participated in many IPOs in the past, you would know the normal course of action and how things flow. I am not saying that all IPOs are great successes, but all of them that I have been involved in do not have a host of class action suits threatened against the company within weeks of the offer. So if you are trying to tell me that VG is just like any other IPO you are wrong, and it is due to your lack of experience in the field, nothing more. Vonage is a very interesting case, and no matter what happens now it will go down as a huge failure and a lesson to all other companies going public - don't include your customers, it is not a good idea to mix family and business.
I certainly would not classify myself as an idiot. Let's map this out.
I placed a bet on the Vonage IPO. I owe the broker nothing. I was able to take on this risk with unlimited upside potential, and NO downside risk.
So it turns out that a bet on Vonage could have made me lots, but I did not lose anything. It is like gambling with the houses chips and I get to keep the winnings, but if i loose, hell, it was not my money.
Let's look at your situation- You did not bet on Vonage. You had no upside potential and also, like me, no realized downside loss.
Read The Full Thread: Breaking News - My Stock Was Bought Out
• Stock was bought out, owe no money.
• Did you sell the shares?? Or did you just let it sit?
• Unfortunately I just paid for mine and received a notice that they sold it last
• I sold the first day
• This has got to be the most moronic stock trade in the history of the NYSE if what
• I too sold the first day and i have yet to pay for the shares. Actually i did send in
• I would hold off on paying for the shares. Seems like the trades were already bought
• Woo Hoo Woo Hoo Hoo
• So if Smith Barney is paying all the non-payers off, why are there still class action
• Only a very small portion of people are non payers. The class action suits, which
ckudrna posted "You did not answer the questions. Just telling me that you made $xxx money during" on 06/15/2006 |
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