Thursday, June 01, 2006

Vonage May Seek Payment From Balking Share Buyers - New York Times

Vonage May Seek Payment From Balking Share Buyers - New York Times: "Vonage, the Internet telephone provider, said on Wednesday that it might seek reimbursement from customers who fail to pay for shares they committed to buy during the company's disappointing initial public offering last week.
Wednesday's statement continues Vonage's public relations and financial struggle since it went public last week. Its shares have dropped almost 29 percent from their $17 opening price, closing on Wednesday at $12.02."

Okay, so maybe not...

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