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....
The only reason to buy SALN would be to tweak the liberals, which is not really worth the time or money, so I was not being too serious, but didn't put a sarcasm tag on it.
Looking at the price chart in post #11, their share price fell below 1$ per share in mid 2001, even with their reverse split. Why did the NASDAQ delay delisting them until Feb 2003? This seems analagous to networks still carrying WNBA games, even though they would probably get better ratings by showing "Gilligan's Island" re-runs