POST Your allocation!!

Posts: 1 · New Forum Member Joined: May 23, 2006 Posts: 1

Allocated 100 on request of 200

Posts: 15 · Vonage Forum Associate Joined: May 14, 2006 Posts: 15

Asked for 5000 got 1300 like everyone else... BTW, good luck to us tomorrow. Let's all keep open the lines of communication while we're trading VG...

Posts: 1 · New Forum Member Joined: May 23, 2006 Posts: 1

wanted 100, got a big fat 0 !!

oh and wschalck...i'd like to tell you what you can do with your shares....

anybody else have any ideas why so many who put in an order for few shares were denied. even after completing all the steps successfully.

Posts: 4 · New Forum Member Joined: May 20, 2006 Posts: 4

Requested 600, got 200 -- 33 percent.

Good luck to all tomorrow.

Posts: 2 · New Forum Member Joined: May 23, 2006 Posts: 2

I requested 1600 shares and received 0. Can they do that? Didn't they say they will reduce everyone by the same percentage? Is there anything I can do about that?

Posts: 15 · Vonage Forum Associate Joined: May 14, 2006 Posts: 15

ipodenied wrote:

wanted 100, got a big fat 0 !!

anybody else have any ideas why so many who put in an order for few shares were denied. even after completing all the steps successfully.

Not sure why, as it doesn't seem fair. My broker friend had mentioned that to me when I initally told him I was going to ask for 1000. He said if you ask for 1000 you won't get it. So I guess it's just a numbers game. Keep and eye on it in the morning, it might open flat, and if it does jump in and hopefully join the fun...

Posts: 75 · Vonage Forum Senior Joined: Apr 26, 2006 Posts: 75

saly wrote:

I requested 1600 shares and received 0. Can they do that? Didn't they say they will reduce everyone by the same percentage? Is there anything I can do about that?

Everything was done by the exact formula/process in the prospectus. Anyone that requested 300 or more got 25% of what they requested rounded up to even multiples of 100 shares. Requests for 200 got 100 by random chance. Requests for 100 got 0. This is what the prospectus said would happen if there was high demand.

You say you requested 1600 you should have been allocated 400. If you log off and back on the vonageipo.com web site you should see the 400 allocation.

Posts: 2 · New Forum Member Joined: May 23, 2006 Posts: 2

To wschalck
It did not help to go back and resign, I still got 0. But after rebooting I went back in and saw 400 shares. So thank you for the advise.
I am still disappointed but not depressed as I was before.

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

As per the prospectus " First, if there were more shares requested than available, requests would be reduced by up to 75% and rounded up to the next 100. Then, if there were still not enough shares they would be handed out to the largest orders first and work their way down untill all shares were handed out. If there were not enought shares at a specific request size then a random assignment would take place."

Requested 300, got 100.

So if you asked for x, then you got (x/4) rounded to the closest 100.

example: Requested 600, got (600/4) rounded to closest 100 = 200
Requested 300, got (300/4) rounded to closest 100 = 100
Requested 1000, got (1000/4) rounded to closest 100 = 300

Question: If we wire in the money to SB tomorrow morning, is it possible to then sell the stock tomorrow itself?

Posts: 75 · Vonage Forum Senior Joined: Apr 26, 2006 Posts: 75

anilpillai wrote:

Question: If we wire in the money to SB tomorrow morning, is it possible to then sell the stock tomorrow itself?

You can sell tomorrow even if they do not have your payment yet. But they will hold the proceeds from your sale until you pay for what you purchased.

It seems from what I've read that with SB you need to call the broker you were assigned to sell, you can not do it on-line.