Now, Vonage Says Customers Still Have To Pay Up For Shares

from the not-so-fast dept

With its stock price tanking following its IPO, the news that made the rounds yesterday that Vonage indemnified its underwriters and would cover the cost of shares allocated to customers who now don't want to pay up led to speculation that they'd be let off the hook. However, Vonage has moved to make it clear that isn't the case, and that it expects everyone who was allocated shares to pay up. This is certain to cause them a few problems, both from customers who want to get out of their obligation because of the falling stock price, as well as those alleging problems in the allocation of shares and ended up with shares when they thought they were receiving none. Vonage's IPO has been a financial mess, but the real fallout will be in the lingering damage it does, both to the company's balance sheet and to its reputation with customers.

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  1. identicon
    inge ANDERSON, 9 Jan 2007 @ 12:06pm

    vonage

    I just want peoplle to know that vonage is a scam not only on stock,but also what they are adver. on T.v. PEOPLE DO NOT SIGN ANY PHONE CONTRACTS WITH THEM. THEY TAKE YOUR MONEY OUT OF YOUR ACCOUNT EVEN IF YOUR PHONE SERVICE DOES NOT WORK.AND THEY WANT GIVE IT BACK.MAKES YOU WONDER WERE THIS COMPANY IS COMMING FROM.NONE OF THEM SPEAK ENGLISH VERY WELL.REALLY THINK ABOUT.IT.THEY OWE ME MONEYAND ALOT OF OF OTHER PEOPLE THAT I BEEN IN CONTACT WITH.IF ANYBODY WANTS TO GET A LAW SUIT GOING LET ME KNOW.i THING IT IS TIME AMERICAN PEOPLE SRART WORKING TOGETHER AGAIN. I THING ALOT OF PEOPLE HAVE FORGOTTEN WHAT UNITED STANDS FOR AND THAT IS THE ONLY THING THAT MADE THIS COUNTRY GREAT.IT IS SAD TO SAY THAT OTHER COUNTRIES ARE TAKING OVER. IT IS BAD ENOUGH THAT WE HAVE TO DIAL 1 TO SPEAK ENGLISH IN ARE OWN COUNTRY. I CAME HERE TO LIVE FROM GERMANY,i WAS TOLD TO SPEAK ENGLISH AND THAT IS WHAT I DID.I ALSO TAUGHT MY CHILDREN ENGLISH.GETTING BACK TO VONAGE,DONT SINGN ANYTING.THE SERVICE DOES NOT WORK EVERYWERE EVEN IF THEY TELL YOU OTHERWISE.THANK-YOU FOR JUST READING THIS.

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