Salon shares suffer another blow: Cash-poor online magazine delisted from small-cap market

San Francisco Chronicle ^ | November 22, 2002 | Verne Kopytoff

[Timesink]

Salon, the online magazine that promised to revolutionize publishing by bringing a literate voice to the Web, is now facing the reality that the revolution may be lost.

The San Francisco company has said it could run out of money by Dec. 1, barring an emergency infusion of cash.

[Timesink]

As I write this, SALNC.OB shares sit at 10¢, down 2¢ from yesterday's high.

[Timesink]

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[RoseofTexas]

MAN! Salon is like those zombies from the living dead, can't get rid of them!!

[akorahil]

Aw man! Now where is Garrison Keillor gonna print his anti-American drivel?

[OldFriend]

Poor Joe Conason.....wonder who will take pity and hire him. He could always work for Terry McAwful.

[Drango]

As I write this, SALNC.OB shares sit at 10¢, down 2¢ from yesterday's high.

Posting of the graph from the "PINK SHEET".

[Timesink]

Doesn't the New York Observer still publish his droolings?

[Mr. Bird]

Salon has nearly 50 employees. Revenue was $1 million last quarter. On Sept. 30, Salon had $266,000 in cash plus a promissory note for $200,000

Someone needs to do the math here. If the shares are trading at $.10, that's about $.11 too high.

[Psycho_Bunny]

Damn...this article's funny from the first sentence on...

[Timesink]

What a beautiful chart. I'm amazed that they actually used to trade 375K shares/day. Many days now they're lucky to move 4,000.

[Pompah]

Excellent. So now do they change the name to "So-long.com.?

[Timesink]

There's still money to be made with this socialist piece of crap, if you've got a strong stomach and money you're not afraid to lose.

[bert]

Damn!!

First we failed at talk radio, now we've failed at internet. And worst of all, we invented the damn thing!

[L.N. Smithee]

Doesn't the New York Observer still [Joe Conason's] his droolings?

He's an editor of some sort of the Observer. He got that gig shortly before leaving Spy magazine, which also went belly-up. That ought to tell him something, but he stays in the biz anyway.

[paulklenk]

The jump around 12:30 is when I bought 3 shares.

[hattend]

One option Salon has prepared, according to a recent regulatory filing, is to sell some of its future revenue to an unnamed bank for 60 cents to 80 cents on the dollar

FReepers should buy Salon.com and really piss them off. LOL!

You're fired...sorry, you're outa here...bub-bye...Yo! See Ya!

[expatpat]

It ought to tell his employer(s) something.

[Fintan]

FReepers should buy Salon.com and really piss them off. LOL!

Hmmm...that's not as funny as you may think.....

[Fintan]

FReepers should buy Salon.com and really piss them off. LOL!

Hmmm...that's not as funny as you may think.....