[eeman]

OTC bulletin board quotes for Salon

To succintly summarize it: The current bid price for a share is 5 cents (down from $14 at its peak in 1999). However, their shares are so thinly traded, who knows exactly what they are worth. At 5 cents per share, their market capitalization at 50 million authorized shares (with only 14,155,276 outstanding shares) is 250,000 dollars, less than their deposit on their lease. 250K is also roughly similar to the amount raised on FR donations each year to keep this site going. I think we should have a fund raiser and either buy them outright or have a majority position.

[ken5050]

It also has value becuase of the huge tax-loss carry forward...however, there is a liability because of the subscription they sold.....there's cash due the subscribers, and they could request reimbursement....FR couldn't buy it, because FR is non-commerical....the question is....why buy it...better of using the money to start your own site....

[ewing]

ROTFLOL! With half of FR's one year budget we could buy a majority position on Salon.com and appoint Ann Coulter CEO!

[Moosilauke]

Close but off by one order of magnitude. Make that a $2.5 million market cap.