Salon.com closes at $0.01

Drudge ^

[Straight Vermonter]

Splits: none
Last Trade Oct 4 · 0.01	Change -0.03 (-75.00%)		Prev Cls 0.04	Open 0.04	Volume 88,500
Day's Range 0.01 - 0.04	Bid 0.02	Ask 2,000.00	P/E N/A	Mkt Cap 142K	Avg Vol 26,378
52-wk Range 0.01 - 0.26	Bid Size 4,500	Ask Size 100	P/S 0.16	Div/Shr 0.00	Div Date N/A
1y Target Est N/A	EPS (ttm) -0.26	EPS Est N/A	PEG N/A	Yield N/A	Ex-Div N/A
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[Straight Vermonter]

Hee hee hee.

[terilyn]

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[LibKill]

{Nelsonvoice) Ha-Ha!

[Dallas]

aw hell....I'll take two shares just for the heck of it.

[1rudeboy]

I don't know if I should call my broker and buy the company. Nah . . . , I'll just buy a six-pack.

[Hillarys Gate Cult]

He's dead Jim.

Didn't they make a movie about Salon called "Flatliners"?

[Consort]

Soon, it will moke no ¢ents for them to stay in business.

[Hillarys Gate Cult]

The Drudge headline reads;
"SALON.COM is a penny stock...Closes at 0.01...".

I thought that it's been a "penny stock" for some time now or are they just being witty? Looking all over the financial news, I can't see what happened about their reverse stock split. I just found reports that they were going to do it and no follow up. Can any investment type tell us what happens next if it goes to zero?

[Consort]

$0.01

Is that the red cent we've always heard about?

[Consort]

..Democrats = Penny Loafers.

[Bubba_Leroy]

That gives it a total market capitalization of about $140,000. Probably still overpriced.

[Diplomat]

They get delisted.

They file for chapter 11.

Stock goes for $0.

Most everyone gets fired.

Assets are sold to pay off creditors.

Remaining Salon employees are fired.

[Hillarys Gate Cult]

I thought that technically they were already considered delisted when they were sent down to the small cap market. I don't think even there a stock can hang around at zero, but Salon seems to dodge every bullet that takes out other better companies all of the time. I think they've finally ran out of Democrats with more money than sense wanting to throw their money down a hole to save Salon, which has been the only way they've stayed open the past year.

[Cicero]

Well, so they lost 75% of their remaining value yesterday. That's quite a plunge.

Time for their generous donors to inject a little more cash, I'd say. Nothing like throwing good money after bad, if you're a rich liberal looking to make trouble. Better to lose it all in Salon than to spend it killing babies in the third world or some similar liberal cause.

[anymouse]

I guess crime doesn't pay after all. :)

[Aquinasfan]

Whatever happened to Michael Kinsley? Couldn't have happened to a smarmier guy.

[Young Werther]

Jut goes to show---

Bankrupt Ideas cannot be the foundation for any enterprise.

You can quote me on this!

[TexasCajun]

Who will the N.Y. Times quote if Salon vanishes???

I love to see liberals fail, especially in business when they are so anti-business and socialist.

Capitalism, at it's most basic, is giving the people/customers a product or service they desire at a reasonable price.

I guess most agree with me that Salon has not much of a product or service! Adios MF.

[Billthedrill]

Time for their generous donors to inject a little more cash, I'd say.

Hmm... for that fifty I sent JimRob I could have bought 5000 shares of Salon! Of course, with FR you actually get content for your money...

[ChadGore]

Salon.com . . I would take much stock in what they say.