Sign up
 Vonage  

       
 
Vonage Forum Menu

Vonage Forums
Vonage VoIP Forum
tplink Posted:
Im trying to add
my HT802 vonage
adapter to my home
network. I
currently have
...

In The Forum:
Hard Wiring - Installation
Topic:
Vonage behind switch
On Dec 05, 2016 at 06:35:11

DWSupport Posted:
After recent
Vonage update that
took place on the
4th and 5th of
Nov. E-mails with
...

In The Forum:
Vonage
Topic:
Voicemail Not Forwarding to Outlook Accounts
On Nov 10, 2016 at 12:23:26

peterlee Posted:
Had a call from a
Hospital in Ajax,
Ontario to my home
in
Scarborough, Onta
rio
...

In The Forum:
Vonage Canada
Topic:
Hospital Incoming call unable to connect
On Nov 08, 2016 at 11:59:50

TELLDOUG Posted:
I am looking for a
product that will
make my phone ring
louder so I can
hear using
...

In The Forum:
Vonage
Topic:
Looking for a ringer ameliorate
On Oct 26, 2016 at 09:21:30

HildBeft Posted:
You can recollect
password by
connecting the
router to your pc
and open the
browser
...

In The Forum:
Hard Wiring - Installation
Topic:
How to arrive at wifi password?
On Oct 20, 2016 at 05:05:49

HildBeft Posted:
Great tips..
Thanks for sharing
...

In The Forum:
Hard Wiring - Installation
Topic:
How to have Vonage and another land line?
On Oct 20, 2016 at 04:55:03

massrman Posted:
The devices are
available at
different price
margins , please
share your
estimated
...

In The Forum:
Vonage
Topic:
IP PBX for small business
On Sep 30, 2016 at 00:48:03

massrman Posted:
Hi these are most
commonly used SIP
PBX interops and
their
configuration
guides,
...

In The Forum:
Vonage
Topic:
IP PBX for small business
On Sep 30, 2016 at 00:37:45

Sammy00 Posted:
Has anyone setup a
W52p phone for
vonage? I have
a W52p with two
wireless handsets,
...

In The Forum:
Hard Wiring - Installation
Topic:
W52p Setup
On Aug 30, 2016 at 10:38:01

James44 Posted:
Hi, I am
looking for a good
Sip Trunking
provider in
Canada. they
should offer
...

In The Forum:
Vonage
Topic:
A good sip trunking provider
On Jul 17, 2016 at 23:42:46


Vonage VoIP Forums

Vonage In The News
Vonage Holdings Corp. Reports Fourth Quarter and Full Year 2013 Results

Carolyn Katz Elected to Board of Directors of Vonage Holdings Corp.

Syndication

Vonage Customer Reviews
Vonage vs. Time Warner Cable SoCal
Vonage vs. Time Warner Cable SoCal



Vonage UK Review
Vonage UK Review



Vonage Pros and Cons for 2006
Vonage Pros and Cons for 2006



Vonage, a VT2142 and a RTP300, My Experiences - A Detailed Review
Vonage, a VT2142 and a RTP300, My Experiences - A Detailed Review



Salt Lake City: impressions after several months
Salt Lake City: impressions after several months




Vonage Reviews


Post new topic   Reply to topic  Vonage® VoIP Forum - Vonage News, Reviews And Discussion » Vonage Stock
Author Message
MB2006
New Forum Member
New Forum Member


Joined: May 30, 2006
Posts: 3

PostPosted: Tue May 30, 2006 4:46 pm    Post subject: SmithBarney in no rush to collect cash Reply with quote Back to top

I agree with all the posters(?) who believe in honoring the commitment made by customers throught the DSP. Not paying for the shares alloted is sort of a sleazy way out, unless one tried to sell and couldn't, or found shares in the account when they thought none were allotted, etc.

However, I see no need to send the money in until the last possible minute. I called Smith Barney last Thursday to find out what the latest I could pay is, and they told me Friday, but Tuesday would be okay, too. Today, leaving my house with check in hand, I decided to call again, to see if it was really due today, and I was told today would be good, or "anytime in the next few days would be okay too." (I used the Smith Barney number provided on the Vonage-IPO website.)

The money is on its way back to a high yield ING savings account for now. I'll call again in a few days and see what they say. Although I won't be surprised if a major announcement is made before then.
View user's profile Send private message
jimbocobb
New Forum Member
New Forum Member


Joined: May 31, 2006
Posts: 3

PostPosted: Wed May 31, 2006 9:00 am    Post subject: Re: SmithBarney in no rush to collect cash Reply with quote Back to top

I really don't see how Vonage could bail out just the people who don't pay for their shares without opening up themselves to major lawsuits from all the people who did meet their obligation and pay for their shares. It seems if they buy back the shares that people reneged on, they HAVE to do something for the people who met their obligations and paid for their shares. If not, they will alienate more people than they would alienate by forcing the other folks to pay !
View user's profile Send private message
btrader
Vonage Forum Junior
Vonage Forum Junior


Joined: May 21, 2006
Posts: 31

PostPosted: Wed May 31, 2006 9:06 am    Post subject: Re: SmithBarney in no rush to collect cash Reply with quote Back to top

jimbocobb wrote:
I really don't see how Vonage could bail out just the people who don't pay for their shares without opening up themselves to major lawsuits from all the people who did meet their obligation and pay for their shares. It seems if they buy back the shares that people reneged on, they HAVE to do something for the people who met their obligations and paid for their shares. If not, they will alienate more people than they would alienate by forcing the other folks to pay !


God! That is so true! This is a proposterous idea. The VERY best customers are the ones who bought stock, and then sent in their money - to reward those renegs (and not other Direct purchase customers) - would be incredibly bad policy!!!!!!!!!!!

I am furious at the thought of that!!!!!!!!!!
View user's profile Send private message
MB2006
New Forum Member
New Forum Member


Joined: May 30, 2006
Posts: 3

PostPosted: Wed May 31, 2006 9:41 am    Post subject: Reply with quote Back to top

I'm with you on the sentiment, it appears to be completely unfair and I can't imagine Vonage would want to take such a major blow in PR and customer loyalty. They've obviously worked very hard and spent tons of $$ in trying to generate a positive image.

Legally, however, I think they are within their rights to buyback the stock and the class-action talk around this forum is garbage. I believe I read in the prospectus somewhere that Vonage would indemnify the underwriters for any shares abandoned without payment by DSP customers. Can't find where I read that, but the last paragraph in the "Underwriting - Direct Share Programs" section (Page 140) reads:

"We have agreed to indemnify the underwriters against certain liabilities, including liabilities under the Securities Act of 1933, or to contribute to payments the underwriters may be required to make because of any of those liabilities."

This statement may not include the buy-back option we're talking about, but I'm pretty sure I read that somewhere. My apologies in advance if this is not correct.

More importantly, however, Vonage likely understands that this isn't about legalities, it's about PR, customer satisfaction and the future. I can't imagine they would choose to anger so many customers who have already paid.

I haven't paid yet because SB keeps telling me I have more time. I'm not happy at all that I may still have to pay for this crappy stock (not just because I agreed to, but because I don't want to risk a negative mark on my credit report).

Maybe somebody can enlighten me, but if we as investors thought the deal was a bargain at $17, then why aren't we buying more at $12.50? Has something worsened on the balance sheets in the past 7 days?
View user's profile Send private message
gfoulks
Vonage Forum Master
Vonage Forum Master


Joined: Jan 18, 2004
Posts: 243

PostPosted: Wed May 31, 2006 9:53 am    Post subject: Reply with quote Back to top

MB2006 wrote:
Maybe somebody can enlighten me, but if we as investors thought the deal was a bargain at $17, then why aren't we buying more at $12.50? Has something worsened on the balance sheets in the past 7 days?


What changed? support, that's what changed. The IPO priced midrange and the allocations were reduced giving the impression that there was decent support for the stock. Ten minutes after the open the decline has not stopped as investors are dumping the stock left and right. The CFO was to appear on CNBC yesterday but then the story broke about a group of investors who are not going to pay for their shares, the company is allowing this to happen and the CFO then cancels his visit to CNBC with the company stating that it canceled for fear of violating the quite period, (then why did they schedule it in the first place?)

Now those of us that did pay for the stock are left holding the bag.

The company is not making any statements and the perception is that the company is taking whatever money it can and running with it. I smell a rat and this why the stock is no longer attractive to me at these levels.
View user's profile Send private message
luckycat
Vonage Forum Associate
Vonage Forum Associate


Joined: May 22, 2006
Posts: 11

PostPosted: Wed May 31, 2006 10:22 am    Post subject: Re: SmithBarney in no rush to collect cash Reply with quote Back to top

jimbocobb wrote:
I really don't see how Vonage could bail out just the people who don't pay for their shares without opening up themselves to major lawsuits from all the people who did meet their obligation and pay for their shares. It seems if they buy back the shares that people reneged on, they HAVE to do something for the people who met their obligations and paid for their shares. If not, they will alienate more people than they would alienate by forcing the other folks to pay !


You are exactly correct, If Vonage does this I am cancelling my service asap and will never recommand Vonage to anyone again. Rewarding those who "refuse to pay" is like taking a kid to the ice cream shop after stealing a car.
View user's profile Send private message
luckycat
Vonage Forum Associate
Vonage Forum Associate


Joined: May 22, 2006
Posts: 11

PostPosted: Wed May 31, 2006 10:24 am    Post subject: Re: SmithBarney in no rush to collect cash Reply with quote Back to top

btrader wrote:
jimbocobb wrote:
I really don't see how Vonage could bail out just the people who don't pay for their shares without opening up themselves to major lawsuits from all the people who did meet their obligation and pay for their shares. It seems if they buy back the shares that people reneged on, they HAVE to do something for the people who met their obligations and paid for their shares. If not, they will alienate more people than they would alienate by forcing the other folks to pay !


God! That is so true! This is a proposterous idea. The VERY best customers are the ones who bought stock, and then sent in their money - to reward those renegs (and not other Direct purchase customers) - would be incredibly bad policy!!!!!!!!!!!

I am furious at the thought of that!!!!!!!!!!


Looks like there are several of us on this forum in the same boat, with the same attitude. I am just FUMING at the thought of Vonage "paying off" the shares for those who simply washed their hands of this deal.
View user's profile Send private message
RunninMan
New Forum Member
New Forum Member


Joined: May 24, 2006
Posts: 8

PostPosted: Wed May 31, 2006 10:41 am    Post subject: Reply with quote Back to top

No one forced us to buy those shares. We all knew the risks. What kind of message am I sending my son about investing? If it would have went up and we all made money no one would be saying anything but skittles and rainbows. I paid for my shares today and took the loss as a learning experience. Move on.
View user's profile Send private message
gfoulks
Vonage Forum Master
Vonage Forum Master


Joined: Jan 18, 2004
Posts: 243

PostPosted: Wed May 31, 2006 10:54 am    Post subject: Reply with quote Back to top

RunningMan your missing the point. I don't belive that anybody here who is still a holding investor is disagreeing that what we did was the right thing to do. We committed to a number of shares and we paid and most like you and I were and are willing to take the loss.

As an investor in this company however, you should be outraged that the company is allowing 1000 or more investors who committed to a number of shares (which by the way caused the demand which helped to determine the price you paid for the IPO) to simply walk away and be made whole. No penalty, nothing. That is the point being made and I'm surprised that this does not anger you.
View user's profile Send private message
luckycat
Vonage Forum Associate
Vonage Forum Associate


Joined: May 22, 2006
Posts: 11

PostPosted: Wed May 31, 2006 11:32 am    Post subject: Reply with quote Back to top

RunninMan wrote:
No one forced us to buy those shares. We all knew the risks. What kind of message am I sending my son about investing? If it would have went up and we all made money no one would be saying anything but skittles and rainbows. I paid for my shares today and took the loss as a learning experience. Move on.


Yes you're right, you paid for your shares as did I and expected to simply get on with life. However, if I find out that Vonage is bailing out people who signed up for the IPO but decided not to send in their money I won't be happy at all.
View user's profile Send private message
Display posts from previous:   
Post new topic   Reply to topic

You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum


All times are GMT - 5 Hours

Vonage Service Plans


Vonage VoIP Members
Members List Members
New Timbip
New Today 2
Yesterday 3
Total 99049

Who Is On Site
Visitors 101
Members 0
Total 101


Vonage VoIP Forum Members:
Login Here
Not a Member? You can Register Here
As a registered member you will have access to the VoIP Speed Test, Vonage Service Announcements and post comments in the
Vonage VoIP Forums

Vonage Stock Price
Value: 6.84
Change:   N/A
Up to 15 Minute Delay

Site Search
 






†AK and HI residents pay $29.95 shipping. ††Limited time offer. Valid for residents of the United States (&DC), 18 years or older, who open new accounts. Offer good while supplies last and only on new account activations. One kit per account/household. Offer cannot be combined with any other discounts, promotions or plans and is not applicable to past purchases. Good while supplies last. Allow up to 2 weeks for shipping. Other restrictions may apply.

1Unlimited calling and other services for all residential plans are based on normal residential, personal, non-commercial use. A combination of factors is used to determine abnormal use, including but not limited to: the number of unique numbers called, calls forwarded, minutes used and other factors. Subject to our Reasonable Use Policy and Terms of Service.

2Shipping and activation fees waived with 1-year agreement. An Early Termination Fee (with periodic pro-rated reductions) applies if service is terminated before the end of the first 12 months. Additional restrictions may apply. See Terms of Service for details.

HIGH SPEED INTERNET REQUIRED. †VALID FOR NEW LINES ONLY. RATES EXCLUDE INTERNET SERVICE, SURCHARGES, FEES AND TAXES. DEVICE MAY BE REFURBISHED. If you subscribe to plans with monthly minutes allotments, all call minutes placed from both from your home and registered ExtensionsTM phones will count toward your monthly minutes allotment. ExtensionsTM calls made from mobiles use airtime and may incur surcharges, depending on your mobile plan. Alarms, TTY and other systems may not be compatible. Vonage 911 service operates differently than traditional 911. See www.vonage.com/911 for details.

** Certain call types excluded.

www.vonage-forum.com is not an official Vonage support website & is independently operated.
All logos and trademarks are property of their respective owners. All comments are property of their posters.
All other www.vonage-forum.com content is © Copyright 2002 - 2013 by 4Sight Media LLC.

Thinking of signing up for Vonage but have questions?
Business and Residential customers can call Toll Free 24 hours a day at: 1-888-692-8074
No Vonage Promotion Code or Coupon Codes are required at www.vonage.com to receive any special,
best Vonage cheap deals, free sign up offers or discounts.

[ | | | | | ]

Vonage Forum Site Maps

Vonage | VoIP Forum | How VoIP Works | Wiring and Installation Page Two | International Rate Plans 2 | Internet Phone
Promotion | Vonage Review | VoIP | Broadband Phone | Free Month | Rebate | Vonnage | Vontage | VoIP | Phone Service
Phone | llamadas ilimitadas a Mexico | Latest News | VoIP Acronyms | Deal | Philippines Globe Phone | Site Maps

The Vonage Forum provides the Vonage sign up Best Offer Promotion Deal.
If you are considering signing up for Vonage and have found our Vonage News, Customer Reviews, Forums
& all other parts of this site useful, please use our Vonage Sign up page.


Vonage VoIP Phone Service is redefining communications by offering consumers
& small business VoIP Internet phones, an affordable alternative to traditional phone service.
The Vonage VoIP Forum Generated This Page In: 0.70 Seconds and 693 Pages In The Last 60 Seconds
The Vonage VoIP Forum