Thursday, June 01, 2006

Vonage Pulls a Kerry

Pulling a page from the failed Democratic candidate for president, John Kerry (no not trying to have a bore-off with Al Gore) Vonage has now flip-flopped to a position of saying they will go after consumer investors who were sllocated shares of their IPO and refuse or fail to pay. This isn't good news for the consumer as the shares have dropped like a cement footed mobster in the Hudson River, and only in a couple weeks.

Best hope for Vonage (VG) is a strong stock bounce, which isn't very likely unless there is some takeover rumor, so they can at least profit from the shares.


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