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4 Replies Last post: Jun 5, 2006 6:13 PM by daltonrooney  
Click to view MW Forums's profile New Member 12,220 posts since
Aug 2, 2004
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Jun 5, 2006 3:20 PM

Shareholder suit slams Vonage IPO

Vonage has been sued on behalf of shareholders in its weak IPO. more
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Click to view gudin's profile New Member 88 posts since
Apr 11, 2005
1. Jun 5, 2006 3:52 PM in response to: MW Forums
Re: Shareholder suit slams Vonage IPO
Guess I'm glad I didn't do it because their IPO required use of a web form that required Windows and did not work on Safari.

. . . . .and they had no other way to participate.

good service, but anything that requires use of the internet and requires one specific platform, is ridiculous.
Click to view tomtom's profile Member 886 posts since
Jan 6, 2006
2. Jun 5, 2006 3:53 PM in response to: MW Forums
Re: Shareholder suit slams Vonage IPO
Let the buyer beware
Click to view xray01's profile New Member 21 posts since
Sep 8, 2005
3. Jun 5, 2006 5:23 PM in response to: MW Forums
Re: Shareholder suit slams Vonage IPO
Had the stock skyrocketed there would be no lawsuit.

Vonage didn't force their customers to buy the stock.
They didn't offer any discounts on their monthly fees if people bought stock.
Vonage hasn't cooked the books like Enron.

Investors need to be careful what they invest in.
Stocks will climb and fall. It's educated gambling at best.
It's too bad their investment has lost value, but please get real...if everyone who lost money on a stock filed a lawsuit we'd still be hearing cases from the 1929 market crash.
Click to view daltonrooney's profile New Member 3 posts since
Apr 6, 2005
4. Jun 5, 2006 6:13 PM in response to: xray01
Re: Shareholder suit slams Vonage IPO
It's amazing, the writeup of the Vonage IPO on my blog (Mlik.org) has been the most heavily googled item on my site for a week now. There's really a backlash. Vonage really did aggressively go after their customers - maybe a bit more than they should have. I mean, I got an email, a voicemail and snail mail letter from them. Desperate much?