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Forums » Vonage Owes Verizon $120 Million » And the Shareholder suits haven't even started yet
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dualsub2006

join:2007-07-18
Newport, KY

reply to supergirl
Re: And the Shareholder suits haven't even started yet

said by supergirl See Profile :

If Vonage has only about $155 million in cash, how will they pay it and keep operations going at their ridiculous ad rate expenditures?
$98 million of this is already set aside:

»pr.vonage.com/releasedetail.cfm?···D=271491

I don't recall all of the details, but the appeal or something was only allowed because they had set aside $66 million or something and then they were required to make quarterly escrow payments on top of that.

The other $22 mil or so will come out over time.
to forum · permalink · · 2007-11-17 11:04:11 · Reply to this
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