JohnA
Premium
join:2003-09-16
Pittsburgh, PA
| No quick bankruptcy
There'll be no quick bankruptcy for Vonage. They have money in the bank, and are not burning it as quickly as in the past. They can survive for some time the way they're operating now.
As far as signing up, there's not much to lose there either. This is not Sunrocket, selling you 2 years of service. Vonage gets paid monthly, so the most that can be at risk is a partial month. |
guppy_fish
Premium
join:2003-12-09
Lakeland, FL
 ·Verizon FIOS
| said by JohnA  :There'll be no quick bankruptcy for Vonage. They have money in the bank, and are not burning it as quickly as in the past. They can survive for some time the way they're operating now. As far as signing up, there's not much to lose there either. This is not Sunrocket, selling you 2 years of service. Vonage gets paid monthly, so the most that can be at risk is a partial month. You should do some reading of the 10Q filings. VG's is close to a net worth of zero, long term debt is about what they now have for cash on hand. They have never ever made a profit and continue to lose tens of millions every quarter.
At the current cash burn, they will be out of cash in under 12 months, will have no means to borrow money and will STILL be cash flow negative.
As for the other poster of buying stock, you have 100% of the purchase to lose.
Today's upholding of the INJUNCTION, will reinstate the original injunction in 30 days, unless if VG gets some other judge to do a stay, but the options now are only the supreme court, nothing else
By the way, VG is still on the hook for a cash and royalties to Verizon, all that was done was sent back to the lower court to decide if there is any change in the amount as the original judgement did not define the 58 Million to a pro-ration of the three patents. It will probably be another 3-6 months to this is finally played out but there is Zero way VG can make it out alive , NONE |
