Smith Barney next steps

Posts: 5 · New Forum Member Joined: May 23, 2006 Posts: 5

I selected Smith Barney for my account. I expected they would send me an email or contact me about by account, but I've heard nothing.
Should I expect to hear from them or do I need to contact them?

Posts: 243 · Vonage Forum Master Joined: Jan 18, 2004 Posts: 243

good question and one that I've been trying to figure out. Let me know if you find something and I'll do the same in return.

Posts: 49 · Full Forum Member Joined: May 15, 2006 Posts: 49

Has anyone who chose Citigroup AND recieved their allocation gotten any other information from Citigroup. And if you have can you pass it along. Especially if anyone makes a call to the broker give us the info PLEASE

Posts: 5 · New Forum Member Joined: May 23, 2006 Posts: 5

At the vonageipo.com site, you'll get the instructions to mail the funds to Smith Barney. Included in the instructions is your account number. You can go to Smith Barney's web site and register with that account number to get access to your account.

Posts: 49 · Full Forum Member Joined: May 15, 2006 Posts: 49

You mean that we WILL have online access to the account? So many posts about having to talk directly to a broker to sell shares.

Posts: 18 · Vonage Forum Associate Joined: May 15, 2006 Posts: 18

sgroi135 wrote:

Has anyone who chose Citigroup AND recieved their allocation gotten any other information from Citigroup. And if you have can you pass it along. Especially if anyone makes a call to the broker give us the info PLEASE

I called my Smith Barney broker. He said the following:

Money is due by Tuesday, 5/30. You can trade all you want be must have the money in the account before they will release any funds.

There will be NO online trading for this IPO. You must call the broker to place a trade. He said that there will be many people available to take your order.

The money needs to come from an account that has your name. It cannot come from another persons account.

Good Luck,
jw

Posts: 243 · Vonage Forum Master Joined: Jan 18, 2004 Posts: 243

this ****! Mad

Posts: 4 · New Forum Member Joined: May 22, 2006 Posts: 4

jdubya wrote:

sgroi135 wrote:

Has anyone who chose Citigroup AND recieved their allocation gotten any other information from Citigroup. And if you have can you pass it along. Especially if anyone makes a call to the broker give us the info PLEASE

I called my Smith Barney broker. He said the following:

Money is due by Tuesday, 5/30. You can trade all you want be must have the money in the account before they will release any funds.

There will be NO online trading for this IPO. You must call the broker to place a trade. He said that there will be many people available to take your order.

The money needs to come from an account that has your name. It cannot come from another persons account.

Good Luck,
jw

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

Posts: 18 · Vonage Forum Associate Joined: May 15, 2006 Posts: 18

anilpillai wrote:

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

Posts: 4 · New Forum Member Joined: May 22, 2006 Posts: 4

jdubya wrote:

anilpillai wrote:

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

Cheers