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mikebrown Posted:
Hello
there, Please
check out -
http://www.vonage-
forum.com/home-wir
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uide.html
...

In The Forum:
Hard Wiring - Installation
Topic:
Hardwiring in a Rental House
On Oct 24, 2017 at 22:29:48

mikebrown Posted:
Hello, I think
you should consult
it with the Expert
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help you
...

In The Forum:
Hard Wiring - Installation
Topic:
Hardwiring in a Rental House
On Jun 24, 2017 at 09:15:34

Haniltery Posted:
For wipe call
history also some
of the offline, in
gengral , it
usually apply to
...

In The Forum:
Vonage
Topic:
How to Delete call history from online account?
On May 09, 2017 at 06:14:26

diana87 Posted:
You have to use
VPN service to
bypass
Geo-restrictions
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In The Forum:
Vonage
Topic:
Recent calling problem from Egypt
On May 02, 2017 at 17:28:06

dconnor Posted:
What is the main
number on the
account? And
which one is the
virtual number?
...

In The Forum:
Vonage UK
Topic:
How do you call 999
On Apr 27, 2017 at 18:52:02

Trafford Posted:
Seems like a
simple
question. We
rely exclusively
on a Vonage system
for our
...

In The Forum:
Vonage UK
Topic:
How do you call 999
On Apr 27, 2017 at 10:42:50

diazou Posted:
Hello, It's
compatible with
Android your phone
software
? Thanks!
...

In The Forum:
Vonage
Topic:
IP PBX for small business
On Mar 28, 2017 at 12:42:33

jeddaisg Posted:
Hi all We have
a Vonage VOIP
system for our
office. Lately,
our call quality
...

In The Forum:
Vonage
Topic:
Ethernet Cable; Wiring schematic? 568-B?
On Feb 23, 2017 at 18:33:52

beast321 Posted:
I don't know if
you heard, that
many more
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recently.
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In The Forum:
Fax - Tivo - Alarms
Topic:
Using phone as a dial up modem for Dreamcast Gaming
On Feb 16, 2017 at 03:16:51

Av8rix Posted:
Sorry to start a
new thread on an
old topic but when
I google “Vonage
MAC address
...

In The Forum:
Vonage
Topic:
New adapter and router -- MAC change
On Jan 11, 2017 at 01:07:21


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Post new topic   Reply to topic  Vonage® VoIP Forum - Vonage News, Reviews And Discussion » Vonage Stock
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pguy40
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Joined: May 18, 2006
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PostPosted: Mon Jun 05, 2006 7:29 am    Post subject: Reply with quote Back to top

I bought in hoping to make a quick buck. I knew the risk. I watched it open and drop and i got out. I lost a couple hundred bucks. (I blow more than that on dinner some nights) I also paid my debt to the underwriter. I am amazed that a few (evidently unsophisticated) investors have been able to make such a racket about the IPO.

But the ironic part is that it will hurt these (unsophisticated) investors much more than it will enact their revenge on Vonage. It hurts Vonage's value short term- meaning when they (the unsophisticated) eventually are forced to pay up they'll lose even more, it means the likelihood of ever getting an opportunity to buy into an IPO as a consumer is gone forever (no company will want to subject themselves to this), and in the end the SEC will probably come up with more rules to protect people from hurting themselves. Meanwhile a lawyer or two will get richer.

How many of these unsophisticates have actually not paid??? A thousand? Let them drop there Vonage service, Vonage will pick up another 1000 customers in the next hour but for all our sakes go after them and collect!!!

I will be buying back into Vonage very soon.
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magicscott
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PostPosted: Mon Jun 05, 2006 10:07 am    Post subject: Reply with quote Back to top

A few things:
This is what happens when poor people that aren't savvy investors are offered IPO stock. They jump at it and then cry when they lose money.

1) I bought stock, paid for it, and have since added it to my portfolio.

Why am I unhappy?
The way Vonage handled it. The night before the IPO, many people it showed, were allocated 0 of x shares, myself included. SO, i didn't even care to watch it the following day, then within the next 24 hours later, I was informed that I needed to pay for my shares.. I was a bit pissed off, since I probably would have sold my shares and took the loss, but by the time I found out it was already <$14 so i figured screw it.

I paid for them, because I "signed" the contract, and if you were allocated any and didn't pay for them, you're an idiot and I hope they go after you. To those who are crying about it, its called RISK, learn the word.
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mivoip
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PostPosted: Mon Jun 05, 2006 10:38 am    Post subject: Reply with quote Back to top

I did a stop-payment on my check, not because the price dropped....that's the risk I assumed and signed for. Sure there may have been the odd fool thinking this was a Google-type of offering. What I didn't like is that Vonage will cover those that didn't pay up, so ironically enough, I didn't want my "investment" going to cover those that didn't ante up, only to become one of them. Has nothing to do with share value dropping, and everything to do with how this clusterf*%$^& has been handled so far. I'll release the money eventually, but for now I'll just sit on the sidelines, watch, and listen.
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magicscott
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PostPosted: Mon Jun 05, 2006 10:47 am    Post subject: Reply with quote Back to top

mivoip wrote:
I did a stop-payment on my check, not because the price dropped....that's the risk I assumed and signed for. Sure there may have been the odd fool thinking this was a Google-type of offering. What I didn't like is that Vonage will cover those that didn't pay up, so ironically enough, I didn't want my "investment" going to cover those that didn't ante up, only to become one of them. Has nothing to do with share value dropping, and everything to do with how this clusterf*%$^& has been handled so far. I'll release the money eventually, but for now I'll just sit on the sidelines, watch, and listen.


Just an FYI, The "costs" that Vonage will cover is not the share cost ($17), its the underwritters fees of less then a buck/share.

Vonage will pursue legally those who do not pay. They are a business. If you wait and eventually pay... the SEC will issue 90 holds on your stock. As in, if you sell, you can't get your $$ for 90 days.
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audiotron
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Joined: Jun 01, 2006
Posts: 33

PostPosted: Mon Jun 05, 2006 10:49 am    Post subject: Reply with quote Back to top

Thats what I am doing. Consider this:

1. The "agreement" you signed with the brokerage firm has an arbitration clause. So they are not coming after you so quickly. They will need to go to arbitration first.

2. There is a lawsuit that was filed. That will buy some time.

3. I signed up for this 3 weeks ago. Since then, there were two S-1 amendments filed and material changes. Normal DSPs require you to reaffirm once allocation was set. That never happened and instead they took silence to be acceptance.

Everyone seems to think that you are a bad sport for not paying. It is not that simple. If everything was black and white, there would be no need for the arbitration clause. I, for one, do not believe I was treated fairly and as such, I want to present my case to an arbitrator. If, after a third party hears all of the facts decides that I must pay, then by all means I will. But now we have the upper hand and can you image if we paid in advance and wanted our money back??

Have you ever wanted your money back for something? ever? Have you ever bought something that was not to your satisfaction? there is no difference here. And Im not talking about satisfaction int he price of the stock. Im talking about dissatisfaction in the way it was allocated and the fact that there was never a required consent option.

So I have a legitimate dispute and I intend to difend it vigurously.

BTW, I was only allocated 100 shares so the total net cost is approx 400. That is not big money and I am pursuing this more on priciple than anything else.



Remember, the "you signed, you pay" argument is the borkerage firm's argument and there are valid counter-arguments.
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DMS1
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Joined: Mar 21, 2006
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PostPosted: Mon Jun 05, 2006 11:08 am    Post subject: Reply with quote Back to top

What's the betting that had the price shot up there would now be a class action suite alleging that the allocation of shares had been improperly conducted and people were entitled to more than they got. The litigation culture in this country has created a generation that believes that the law can protect them from anything and everything, including not getting rich quick.
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LDTalk
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Joined: May 24, 2006
Posts: 80

PostPosted: Mon Jun 05, 2006 9:47 pm    Post subject: Reply with quote Back to top

DMS1 wrote:
What's the betting that had the price shot up there would now be a class action suite alleging that the allocation of shares had been improperly conducted and people were entitled to more than they got. The litigation culture in this country has created a generation that believes that the law can protect them from anything and everything, including not getting rich quick.


Obviously there would be no complaints about this if the stock went up, in fact, then the complaints would be about the limited allocation, as requests were cut by 75%.

I agree that the litigation culture in this country is not a good thing, but then again, I do think those who complain because they were told they received no allocation, just to receive a bill later has a much better reason to complain than someone who got burnt because the coffeee they bought was hot Smile

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eboller
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Joined: May 22, 2006
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PostPosted: Tue Jun 06, 2006 8:40 am    Post subject: Reply with quote Back to top

Most of the people who comment on receiving 0 shares seemed to have decided to stick their head in the sand until the next evening. Everyone had 0 shares for awhile the night before. Why wouldn't you check the next morning before trading? Unless their accounts showed 0 just before trading I don't see where they have a real argument.

I think a better case can be made for the atrocious pricing. They obviously didn't have a grasp on that.
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gfoulks
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Joined: Jan 18, 2004
Posts: 243

PostPosted: Tue Jun 06, 2006 10:50 am    Post subject: Reply with quote Back to top

This is what happened to me. My account showed zero shares but it also showed that I owed $8500. I simply did the math to figure out the number of shares that were allocated. Later that evening I checked again and it then showed the correct number of shares allocated.

Hey Nina I heard your name mentioned this morning on CNBC when the lead attorney was talking about the class action suit. Maybe you should have gone with a different firm because this attorney didn't present a very good case on TV. Goodluck with your lawsuit.
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mivoip
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PostPosted: Wed Jun 07, 2006 11:59 am    Post subject: Reply with quote Back to top

OK, here are couple of stupid questions. How many class action suits have been filed so far? Or have none of them been granted that status yet? Is this a race between lawyers and are all the different suits going to be combined at some point? Which one(s) do I join?

Oh, and on the earlier comment that Vonage may not care to alienate 10,000 customers in their 1.6 million pool. I don't know about everyone else, but I for one have brought in 10 long-term paying customers over the past 2 years....and who knows how many those 10 have brought in....traverse that tree and I suspect these 10,000 customers are just the tip of the iceberg on which this Titanic may sink.
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