POST Your allocation!!

Posts: 18 · Posted: Fri Jun 02, 2006 3:04 pm Post subject: Re: allocation

cozydog wrote:

asked for 300, and expected it to be priced at the lower end of the range - $13 or so...I was allocated 100

i have decided to refuse to pay. This IPO was horribly managed by Deutche and SmithB. What greedy crooks. What were they smoking?

How could you expect $13 when everything clearly stated the target was $16 to $18. Besides after the price was confirmed at $17 you had time to rescind your offer.

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

where are these people coming from? If these people are for real then I must say... they had no business being in this stock to begin with.

Posts: 25 · Vonage Forum Junior Joined: May 25, 2006 Posts: 25

Akola wrote:

i requested 10 and they gave me 1000.

DAMM VG.

You werent given the option to buy less than 100, and no more than 5000, So I am not sure what you are complaining about...besides, I dont know anyone that buys 10 shares of a stock...???

Posts: 25 · Vonage Forum Junior Joined: May 25, 2006 Posts: 25

blakadher wrote:

cozydog wrote:

asked for 300, and expected it to be priced at the lower end of the range - $13 or so...I was allocated 100

Wasn't the range $16-18?

Yes, you didnt have the option to buy UNDER 100 or OVER 5000, I am not sure we are talking about the same stock as he/she was..
I dont think any broker would sell you 10 shares of any stock, would they?

Posts: 13 · Vonage Forum Associate Joined: Jan 17, 2006 Posts: 13

nighthawk wrote:

blakadher wrote:

cozydog wrote:

asked for 300, and expected it to be priced at the lower end of the range - $13 or so...I was allocated 100

Wasn't the range $16-18?

Yes, you didnt have the option to buy UNDER 100 or OVER 5000, I am not sure we are talking about the same stock as he/she was..
I dont think any broker would sell you 10 shares of any stock, would they?

You can buy a single share of a stock. Many usually get commisions per TRADE, so if you buy 1 or 100, they still get their 8 bucks, or 30, or 100.

Now, for an IPO, it is doubtful you would be allocated a single share.

Posts: 25 · Vonage Forum Junior Joined: May 25, 2006 Posts: 25

Yes, you didnt have the option to buy UNDER 100 or OVER 5000, I am not sure we are talking about the same stock as he/she was..
I dont think any broker would sell you 10 shares of any stock, would they?[/quote]

You can buy a single share of a stock. Many usually get commisions per TRADE, so if you buy 1 or 100, they still get their 8 bucks, or 30, or 100.

Now, for an IPO, it is doubtful you would be allocated a single share.[/quote]

got it, thanks Smile

Posts: 476 · Posted: Fri Jun 02, 2006 3:51 pm Post subject: Re: allocation

nighthawk wrote:

blakadher wrote:

cozydog wrote:

asked for 300, and expected it to be priced at the lower end of the range - $13 or so...I was allocated 100

Wasn't the range $16-18?

Yes, you didnt have the option to buy UNDER 100 or OVER 5000, I am not sure we are talking about the same stock as he/she was..
I dont think any broker would sell you 10 shares of any stock, would they?

You're combining two posters - Akola said they requested 10, cozydog said they were expecting to pay $13. I guess neither of them understood what was going on.

Posts: 18 · Posted: Fri Jun 02, 2006 4:06 pm Post subject:

From the IPO FAQS page:

How many shares of Vonage common stock can I purchase through the Vonage Customer Directed Share Program?

If you choose to participate, you must make a conditional offer to purchase at least 100 and no more than 5,000 shares of Vonage common stock through the Vonage Customer Directed Share Program. You should only place a conditional offer for the number of shares for which you are willing and able to pay. If the conditional offers placed by eligible Vonage customers exceed the number of shares that have been reserved for sale through this program, you may be allocated fewer than the number of shares you have conditionally offered to purchase, or no shares at all.

If you have entered a valid conditional offer as of the date on which the initial public offering price for Vonage’s common stock is set, you will be notified through this website of the number of shares you have been allocated to purchase, if any. The notification of the number of shares you have been allocated to purchase will be posted to this website on the date the initial public offering price is determined.

Posts: 18 · Posted: Fri Jun 02, 2006 4:12 pm Post subject:

Also:

When do I become obligated to purchase Vonage common stock through the Vonage Customer Directed Share Program?

After the registration statement relating to Vonage’s initial public offering has been declared effective by the Securities and Exchange Commission and the initial public offering price of Vonage’s common stock has been set, acceptance notifications will be posted to this website. The posting of an acceptance notification will constitute the underwriters’ acceptance of your conditional offer. The acceptance notification may be posted in as little as one hour after the initial public offering price is determined and posted on this website. Once your conditional offer has been accepted, you will become obligated to purchase the number of shares you have been allocated at the initial public offering price.

You must check this website regularly for any notices or announcements relating to your conditional offer and the Vonage Customer Directed Share Program. If the expected initial public offering price range is changed, or if the initial public offering price is set above or below the final price range, your conditional offer will become invalid and you will need to re-enter your conditional offer or enter a new conditional offer in order to continue to participate in the Vonage Customer Directed Share Program. Your conditional offer also may become invalid in certain circumstances.

Can I withdraw my conditional offer?

You may withdraw your conditional offer at any time until we post an acceptance notification to this website, which will not occur until after the registration statement has been declared effective by the Securities and Exchange Commission and the initial public offering price of Vonage’s common stock has been determined.

Can I change my conditional offer?

Once you have entered a conditional offer, you may change your conditional offer only by withdrawing the conditional offer you entered and submitting a new conditional offer. Please note that while you can withdraw your conditional offer at any time until an acceptance notification is posted to this website, you may enter new conditional offers only until the deadline posted on the main menu.