The offering stated money was due 3 business days after trading started, which was anticipated to be 5/24. So i figured the 30th was the last day for payment. The dummies didn't take into consideration the Memorial Day holiday. It is baffiling that a big firm can't get this straight, and I have an account at Smith Barney.
jnuzzi Vonage Forum Master
Joined: Feb 02, 2005 Posts: 216
Location: Orlando, FL
1. Do you know what number to call? I wonder if there is a specific # for ipos? 2. I was under the impression that I need to send in the money BEFORE I can even sell the shares. This is great news. So I can sell my shares if I want as long as they receive the funds by 5/30.
3. Are you positive that they need to receive the money from an account that has the "stock owner's" name? Id imagine all they care is receive the funds.
Okay I called the SB # (http://www.smithbarney.com/help/email/) and spoke to a CSR. He told me that I have to call the broker assigned to be through vonageipo.com. However this is an West Coast #, and these guys will stroll into work at 9:30 PST. This is 12:30 EST, and by then the stock would have either gone up like crazy (good) or fallen like a rock. Either way it will not be a level playing field. I asked him if I could contact broker in East Coast, and he told me that it is not possible.
I am sooooooo frustrated that in this day and age they are so behind, and to think that SB is a premium services company. argh!!!!!!!!
Cheers
1. My number is with a broker in NY. I'm not aware of any specific numbers for the IPO.
2. You can sell all your shares tomorrow if you wish. However, you will not be able to receive any proceeds until you pay for your shares.
3. My broker told me that the names have to match up with each account. In other words, the account that you use to fund the IPO account MUST have the same name as the SB account.
Hope this helps.
jw
Definitely helps. Thanks a bunch. My bad...I later called and found they open at 6 a.m. PST
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