Vonage Holdings Corp. (VG) looks bound for the Over the Counter Bulletin Board, the place where stocks go to die.
The VoIP provider on Thursday revealed that, a week ago, the New York Stock Exchange (NYSE) issued it a warning: get that stock above $1 within six months or else.
Vonage stock will remain on the NYSE until the company either makes good or gets kicked off. Vonage said in a statement it “intends to cure the deficiency.”
Deficiency indeed. From a $17-per-share IPO to, as of Oct. 30, 78 cents. Have investors washed their hands of Vonage?
