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Author: chuck56401 Two stars, 250 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 7437  
Subject: Delisting Date: 10/5/2002 1:49 AM
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I was on the Drudge Report tonight and there was a link to Salon.com's stock price on Yahoo! $0.01 per share. One cent. One penny. I found this story on the Yahoo! page, which ran some time in August, indicating that they were given an extension until November to avoid delisting. I agree with Doc that bnbn, if needed, will apply for and get an extension until at least after the holidays.

-Chuck


Salon Receives Extension From NASDAQ
SAN FRANCISCO--(BUSINESS WIRE)--Aug. 21, 2002--Salon Media Group, Inc. (Nasdaq:SALNC - News), received notice from NASDAQ that its common stock will continue to be listed on The NASDAQ SmallCap Market via an exception from both the bid price and market value of publicly held shares requirements. While Salon Media Group, Inc. did not satisfy the bid price requirement on August 13, 2002 and failed to satisfy the $1,000,000 of publicly held shares requirement for the 30 consecutive trading days ended August 9, 2002, the temporary listing was continued subject to Salon meeting certain conditions. ADVERTISEMENT

On or before November 11, 2002, the company must satisfy the market value of publicly held shares requirement and immediately thereafter evidence compliance for a minimum of ten consecutive trading days. In addition, on or before February 10, 2003, the company must demonstrate a closing bid price of $1.00 per share and immediately thereafter evidence compliance for a minimum of ten consecutive trading days.
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