[Timesink]

ping!

So, who can decipher the real meaning of these fourth-quarter numbers?

I notice they were able to drop the fifth-character C, going from SALNC.OB to SALN.OB. How'd they manage that?

[Drango]

The Salon death sprial sure is slooooooooow. We've seen these numbers before as the reflect the close ending in September. These numbers sucked then and then suck now.

As to the lost "C" that might be good for them! The "C" was forced upon them by NASDEQ and indicated a company on "probation". As Salon is now demoted to "over the counter" or "penny stock" status they are no longer regulated. The lack of regulation will mean they no longer have to file reports so we may not get any more information out of them.

As far as I know, they exist month-to-month.

[HighWheeler]

"So, who can decipher the real meaning of these fourth-quarter numbers?"

OK here's a short wrapup:

Salon lost $122,000 in cash, and only have $266,000 left in the bank.

The total amount of money owed to them went down by 9.5%

They owe creditors $3.45M, but have only about $2.00M in tanglible assets.

They lost a total of just under $1.5M in the last quarter.

They are doing such a lousy job at capitalism, that they lost money on every dollar of sales. To scale their operations, it costs them $122 each to make their products, but they can only sell their products for $102 each.

These liberals ARE PAYING NO TAXES EITHER.