The Flat Planet and a Phone !

flattening the planet one phone at a time

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← Flat Planet Phone Co. selected to present at TWS2007! The Market likes my Offer - Vonage opens at $3.22! →

I am offering $3.22 per share!

March 27th, 2007 · 5 Comments

Mr. Jeffrey Citron

Vonage

Dear Sir,

I am offering to buy your company for $3.22 per share. Please do not hesitate with your answer, you will not get a better price. Between the two of us , you do not really have a choice. This offer is good until April 1st at 12pm. You can reach me at sip:moshe@flatplanetphone.net. I am sure your engineers will know how to make a sip call, though your customers can not. By the way, If you had opened up the network for your customers, maybe you would not have been in this situation. Instead you decided to let others take technology forward, while you insisted on selling a simple landline replacement.

Jeff, let me tell you what I will do once I buy the company -

  1. The waste of a million dollars a day on advertising will cease immediately. Instead, we will spend a tenth of that on maintaining the best customer service in the business.
  2. We will introduce advanced IP services for Vonage customers
  3. Bring Jeff Pulver back together with a group of innovators / distruptors such as Jon Arnold, Pat Phelan and Thomas Howe. They will lead the Vonage Board of Innovation
  4. We will target the fast growing SMB hosted PBX market
  5. We will sell the company in 2 years for $6 a share. With a gross profit of $203.85 a year per customer, there is no reason we can’t!

Jeff, you bet the company on your strategy and you lost. On the way you invented a new industry and we are all grateful for that, but now it is time for you to go to a new venture. Good Luck. I hope to hear from you by Sunday at noon.

Best Regards

Moshe Maeir

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UPDATE - it seems that the market likes my offer, since Vonage opened today at $3.22 

Tags: General

5 responses so far ↓

  • 1 Moshe offers to buy Vonage at Roam4free // Mar 27, 2007 at 2:50 pm

    [...] Maeir of The Flat Planet Phone Company has made an open offer to purchase Vonage @ $3.22 per share. Moshe’s plan for the future [...]

  • 2 Digital Common Sense » Setting the bar for Vonage success // Mar 27, 2007 at 5:22 pm

    [...] what Moshe said today, but keep reading for more below. I am offering $3.22 per share! Posted on March 27th, 2007 by Moshe [...]

  • 3 If Vonage Was Built To Sell, Where Are The Buyers? // Mar 30, 2007 at 3:39 am

    [...] Smith is right, that Vonage was built to be sold, then where are the buyers? I mean, other than Moshe Maeir’s offer to buy Vonage for $3.22 a share. Clearly they had higher hopes for their stock, but the market is not buying their story. Of [...]

  • 4 Jajah buys Vonage at Roam4free // Mar 31, 2007 at 6:07 pm

    [...] reaching two million customers is doubling its customer base in one short week. In an unusual move Mr Moshe Maeir of Israel who was the disappointed under bidder has been approached to join the board and I one one [...]

  • 5 The Flat Planet and a Phone ! » Vonage offer is over // Apr 1, 2007 at 2:20 pm

    [...] (and Unofficial) Weblog on The Old and the New, Archeology & VoIPJajah buys Vonage at Roam4free on I am offering $3.22 per share!If Vonage Was Built To Sell, Where Are The Buyers? on I am offering $3.22 per share!Digital Common [...]

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