The Wall Street Journal today reported that Vonage has denied all rumors that its going to let its customers off the hook if they no longer want their lousy shares!
This is quite a change from its now alleged stance a couple of days ago. This will just serve to alienate its customers even more. Wonder how this rumor even got started? Let me paraphrase the good ol WSJ
But CNBC yesterday reported Vonage issued the network a statement on Sunday stating that it wanted to avoid “alienating” its customers. If “certain” customers who refused to buy the shares didn’t pay, Vonage expects “to repurchase shares from the underwriters if necessary,” CNBC reported.
So I guess CNBC started it.