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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[Drango]

There will simply cease to be a public market for it.

As I understand it, after the company gets delisted from the NADAQ small caps market, it goes to the pink sheet "penny market" where the lack of liquidity will be very significant.

Salon can go on without being listed but it will not be the same.

[Poohbah]

Can we say "delisted?"

[wideawake]

Exactly. Shares on the pink sheets trade by appointment only. They're the kind of securities that the guys from "Boiler Room" use to bilk their marks.