New Email from Smith Barney

Posts: 4 · New Forum Member Joined: Jun 06, 2006 Posts: 4

Max

I signed up too but I paid. I'll be right there if they take it on. I've already emailed Motley Rice to let them know they can sign me up. I'm just glad Vonage didn't accept my initial request for shares. Rip

Posts: 476 · Posted: Tue Jun 06, 2006 10:03 pm Post subject:

ckudrna wrote:

I think this guy is just upset that he paid already. All of his post make it sound like if you have not paid yet you are a criminal, bad person, and you will die within 15 minutes of not paying.

Yeah, that's it. Rolling Eyes

Posts: 6 · New Forum Member Joined: May 23, 2006 Posts: 6

maxwell1 wrote:

... You can't buy stock by clicking some buttons over the interenet. ... .

Holy crap! Somebody better tell this to Ameritrade!

Posts: 33 · Vonage Forum Junior Joined: Jun 01, 2006 Posts: 33

You are the stupid one. When terms are conflicting it is ambiguous as to which one controls. Obviously the shareholders will say one will control and the evil underwriters will say the other will. Vonage has NO standing to sue. The only recourse is arbitration. And I will be very happy to go to an arbitrator and state my case. I will admit, however, that if the arbitrator rules against me (after hearing my case --- remember noone is hearing our cases yet), I will pay. that is a fair thing to do.

I am still flabbergasted as to why people rely so much on a few words to say you agreed so you must pay. If that were the case there would not be any need for lawyers and/or courts. But there are plenty of lawyers and plenty of businesses enter into agreements then only interpret the facts differently and not "pay." WHY IS THAT ANY DIFFERENT??

BullDogBO wrote:

supersede

Etymology: Middle English superceden, from Middle French superseder to refrain from, from Latin supersedEre to be superior to, refrain from, from super- + sedEre to sit -- more at SIT
1 a : to cause to be set aside b : to force out of use as inferior
2 : to take the place, room, or position of
3 : to displace in favor of another : SUPPLANT

No wonder you didn't know what you were doing when you signed up for the stock. You should get your money back! Stupid

Posts: 4 · New Forum Member Joined: Jun 05, 2006 Posts: 4

I think its funny that if the stock went up, nobody would be complaining. myself included.

Vonage really screwed themselves on this one, but even if they lose all 10,000 subscribers that bought stock (unrealistic), they still have over 1.6 million, they aren't going to shed too many tears.

I joined the class actions as well, mainly due to I think they handled it piss poor, with the whole zero allocation crap.. cost me some cash since I didn't know I had any till I needed to pay.. oh well..... we'll see what happens.

Posts: 72 · Full Forum Member Joined: Mar 21, 2006 Posts: 72

audiotron wrote:

The fact is that the terms of our "deal" changed sooo materially that the essential purpose fails. That is, a reduction of a few shares is one thing. But 1/3 of the allocated shares is a whole other ball game.

It sounds like your main complaint is that you only got a third of the shares you asked for. If so, I'm sure there are any number of people who would be willing to sell you the other two thirds at the IPO price.

Posts: 7 · New Forum Member Joined: May 31, 2006 Posts: 7

codyprime wrote:

maxwell1 wrote:

... You can't buy stock by clicking some buttons over the interenet. ... .

Holy crap! Somebody better tell this to Ameritrade!

Ameritrade take the cash from your account then buy shares for you. This IPO and Ameritrade is not apple-to-apple comparison...

Posts: 12 · Vonage Forum Associate Joined: Jun 01, 2006 Posts: 12

Ok. So, thousands of us "reneg-ers" go to arbitration. I wonder exaclty how many of us there actually are. So then we, who now completed our alleged obligations to purchase 13.5% of the company become....wait for it OWNERS OF 13.5% of the company. I wonder if we could then exercise any corporate rights, perhpas call for no confidence votes or have corporate directors dismissed for cause. If there are that many of us out there, something to consider.

Posts: 33 · Vonage Forum Junior Joined: Jun 01, 2006 Posts: 33

arsveloce wrote:

Ok. So, thousands of us "reneg-ers" go to arbitration. I wonder exaclty how many of us there actually are. So then we, who now completed our alleged obligations to purchase 13.5% of the company become....wait for it OWNERS OF 13.5% of the company. I wonder if we could then exercise any corporate rights, perhpas call for no confidence votes or have corporate directors dismissed for cause. If there are that many of us out there, something to consider.

Probably not much since we are still the minority. The worst case scenario at this point is that we will need to pay the 5 bucks or so a share. But if that happens, Vonage will lose me as a customer.

I have participated in FIVE other DSPs. And EACH ONE there was the opportunity to reconfirm. This negative consent crap is for the birds.

Posts: 17 · Vonage Forum Associate Joined: May 23, 2006 Posts: 17

If Vonage wants my money- SUE ME. See you in court you lying ********!!!