The final countdown has started

Posts: 14 · Vonage Forum Associate Joined: May 23, 2006 Posts: 14

Could this be the begining of the end?

Vonage Holdings Corp. Receives Continued Listing Standards Notice from the NYSE

HOLMDEL, N.J. , Oct. 30 /PRNewswire-FirstCall/ -- Vonage Holdings Corp. (NYSE: VG) (the "Company") announced today that on October 24, 2008 the Company received notification from the New York Stock Exchange (the "NYSE") that the Company had fallen below the continued listing standard, which requires a minimum average closing price of $1.00 per share over 30 consecutive trading days. The Company has a period of six months, subject to possible extension, to bring its average share price back above $1.00 . Under the NYSE rules, the Company's common stock ...... Full Story

Posts: 159 · Posted: Fri Nov 14, 2008 9:08 pm Post subject:

The answer for Vonage is: reverse split.

This means you get half as many shares, but at twice the price...

Given the current state of the economy they have to act fast. Several back-to-back reverse split might be necessary in order to maintain the stock above water.