Casavant Mining Kimberlite International (CMKM) Message Board

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Gold/Mining/Energy : Casavant Mining Kimberlite International (CMKM)

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To: rrufff who wrote (2130)	6/9/2006 11:54:11 AM
From: StockDung	Read Replies (1) of 2595

Recent Vonage IPO Attacked by Naked Short Sellers June 9, 2006 The Wall Street Journal is reporting that regulators at the New York Stock Exchange are investigating whether shortsellers contributed to Vonage Holdings (NYSE: VG) weak initial public offering (IPO). The exchange's regulatory unit sent a letter to Wall Street securities firms on Thursday asking how dealers may have facilitated short sales. Shares of Vonage are up $.36 to $12.15 on moderate volume but have declined about thirty percent since its IPO price of $17 per share. Charlie Gasparino of CNBC Business News has also reported on the matter this morning, saying that naked short sellers potentially targeted the company because of the tough competition it faces and skepticism over its business. posted by Ant & Sons at 10:22 AM antandsons.com

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