Any attempt to buy Salon.com on the open market would probably run up against a trigger of some kind ensconced in the terms of that offering.
In other words, we go out and spend $250K on the stock (and it would of course run up as we were buying it) and all of a sudden Salon.com issues 20 million new shares struck at 0.001 cents to the convertible holders.
BCrago66, I'm sure they thought of subletting, but probably one of the few things that is keeping their skeleton crew working for peanuts is the relatively tony address and central location.
Right now they are just an expensive hobby for their investors.
Salon has a history of significant losses and expects to incur operating losses in the near future. For the year ended March 31, 2003, Salon had net losses attributable to common stockholders of $5.7 million and had an accumulated deficit of $82.3 million. If and when Salon does achieve profitability, Salon may not be able to sustain or increase profitability on a quarterly or annual basis in the future. If revenues grow more slowly than Salon anticipates or operating expenses exceed expectations, financial results will most likely be severely harmed and the ability of Salon to continue its operations will be seriously jeopardized.
lol...