>SALON WILL VERY LIKELY CEASE OPERATIONS IN ITS CURRENT FORM IF IT IS UNABLE TO
>RAISE ADDITIONAL CASH RESOURCES
>
>Salon has received $0.9 million from the issuance of notes payable
>subsequent to March 31, 2003. These funds, in conjunction with
>collections of accounts receivable and Salon Premium subscriptions,
>have been used to fund operations as of this filing. Salon needs to
>secure additional cash resources in order to continue as a going
>concern. Salon is attempting to secure additional funds from the
>issuance of equity securities and instruments that convert into
>equity securities and from the sale of its prepaid advertising
>rights.
>
>If Salon does not secure additional funds from the issuance of
>equity securities and instruments that convert into equity
>securities, or from the sale of advertising rights, Salon may be
>unable to continue as a going concern and cease operations. Salon
>cannot determine at this time whether or not, or to what extent, it
>will be successful in securing additional cash resources during its
>second quarter of its year ending March 31, 2004 to meet operating
>requirements until it reaches cash flow breakeven.
[rest at <http://biz.yahoo.com/e/030630/saln.ob10-k.html>]