Frequently Asked Questions
How do I purchase stock in Salon?
You will need to contact a licensed stockbroker to purchase shares of the company. Salon's stock is traded on the OTC Bulletin Board and is available from brokerage firms, including WR Hambrecht + Co.
WR Hambrecht + Co
539 Bryant Street, Suite 100
San Francisco, CA 94107
Tel: 415-551-8600
Fax: 415-551-8686
When was Salon's IPO?
Salon's IPO was on June 22, 1999.
What is Salon's ticker symbol and on what exchange does it trade?
The symbol is SLNM.OB and we are traded on the Over the Counter Bulletin Board (OTCBB).
Who is Salon's transfer agent?
Salon's transfer agent is Computershare Investor Services. Their address is 12039 West Alameda Perkway, Suite Z-2, Lakewood, CO 80228 and their phone number is 303-986-5400.
Does Salon pay a cash dividend?
No, instead of paying dividends, Salon intends to retain earnings for use in its business and as part of its growth strategy, and does not anticipate paying cash dividends in the foreseeable future.
When will the next Quarter's earnings results be announced?
Salon operates on regular calendar quarters. The earnings announcements are usually during the fourth week of the month following the quarter end. The scheduled announcement date is announced AFTER each quarter has officially ended.
What is the fiscal year?
Salon operates on a fiscal year ending March 31. The 12 months ending March 31, 2002 comprised the 2002 fiscal year.
How do I get a copy of the company's financial statements, such as an Annual Report, Form 10K or Form 10Q?
Our Annual Report, Form 10Ks, Form 10Qs and other reports are available for viewing on our Investor Relations site. All documents filed with the Securities and Exchange Commission are available at the SEC's Edgar service.
FAQ ABOUT MOVE TO OTC TRADING/NASDAQ DELISTING
Why was Salon delisted from Nasdaq?
Nasdaq has continued listing standards. To remain on the market, Salon had to show compliance with the $1 million market value of publicly held shares requirement on November 11, 2002 and with the minimum bid price of $1.00 per share requirement in February 2003. Nasdaq determined that the company was not in compliance with the $1 million market value of publicly held shares requirement on November 11, 2002 and the company was delisted.
What does it mean to be "delisted" from Nasdaq?
The action means that Salon's common stock is not eligible to trade on Nasdaq's Small Cap Market stock exchange.
Can investors still buy and sell Salon's stock?
Yes. Investors may buy or sell Salon securities through a broker.
How will Salon's stock be traded if it is not on the Nasdaq system?
It will trade "Over-the-Counter" (OTC).
What does "Over-the-Counter" mean?
There are two trading systems that are separate from the National Market: the Over the Counter Bulletin Board (OTCBB) and the National Quotation Service Bureau (NQS), commonly known as the Pink Sheets. Together, the OTCBB and Pink Sheets make up the OTC market in the United States. The OTCBB and the Pink Sheets are quotation mediums, rather than stock exchanges. OTC securities are traded by a community of market makers who enter quotes and trade reports through a sophisticated, closed computer network. More information about the OTCBB is available at http://www.otcbb.com/
Where can I find the market price of Salon stock while it trades on the OTC market?
The company has been advised that WR Hambrecht + Co will make a market in the stock:
WR Hambrecht + Co.
539 Bryant Street, Suite 100
San Francisco, CA 94107
Tel: 415-551-8600
Fax: 415-551-8686
What are market makers?
A market maker is a brokerage house or a bank that publishes a price at which the market maker is willing to buy a given stock and the price at which it is willing to sell the same stock (referred to as the bid and ask prices). Market makers in a given OTC stock create a market by standing ready, willing and able to buy or sell at the publicly quoted prices.
