http://phoneboy.com/1414/if-vonage-was-built-to-sell-where-are-the-buyers Simplifying Network Security, Telecom, Gadgets, and More! Sun, 05 Feb 2012 00:36:12 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://phoneboy.com/1414/if-vonage-was-built-to-sell-where-are-the-buyers/comment-page-1#comment-8790 Garrett Smith Fri, 30 Mar 2007 13:41:19 +0000 http://www.phoneboy.com/node/1414#comment-8790 Jeffery was the majority owner of Vonage. His 41% stake was worth over $500 Million when the company first went public. A paper profit yes, but this is six times his initial investment. While the company has tanked, his $81.5 million investment before Vonage's IPO, allowed him to acquire 47.67 million common shares at an average of $1.71 each, according to documents filed with the Securities and Exchange Commission. All in total, even with the stock at $3 each right now, he has still doubled his money. Jeffery was the majority owner of Vonage. His 41% stake was worth over $500 Million when the company first went public. A paper profit yes, but this is six times his initial investment. While the company has tanked, his $81.5 million investment before Vonage’s IPO, allowed him to acquire 47.67 million common shares at an average of $1.71 each, according to documents filed with the Securities and Exchange Commission. All in total, even with the stock at $3 each right now, he has still doubled his money.

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