Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: Drango
SALON WILL VERY LIKELY CEASE OPERATIONS IF IT IS UNABLE TO RAISE ADDITIONAL WORKING CAPITAL ON OR BEFORE DECEMBER 1, 2002

This is particularly meaningful considering that it's from a 10-Q that was published YESTERDAY. Nothing - NOTHING - matters but this number:

$266,000 in cash on its balance sheet
They're still going at a burn rate of ~$6 million per year. $500,000 per month. Which, indeed, leaves them with just a touch over 2 weeks' worth of cash left.

These are the final days. If you have Salon stock, you better dump it TODAY while it's hit a near-term high of 10 entire cents.

9 posted on 11/14/2002 8:33:54 AM PST by Timesink
[ Post Reply | Private Reply | To 1 | View Replies ]


To: Timesink
These are the final days.

Do we get to have a big FR party when their rusted hulk finally slips beneath the waves?

12 posted on 11/14/2002 8:35:54 AM PST by Constitution Day
[ Post Reply | Private Reply | To 9 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson