THQ Warned, May Be Removed From The NASDAQ Exchange
See Full ImageTHQ isn't doing so hot these days. First came the rumor that their entire 2012 slate was canceled (which turned out untrue), then came layoffs and ex-employees blasting the company for poor decisions.
Now, as THQ races to restructure and refocus their business on their "core franchises," they face another issue: today, the publisher has confirmed that it has received a warning from the NASDAQ global stock exchange. Basically, if the company doesn't post some gains, THQ will be removed from the exchange. They can appeal the decision if they so choose, but their primary goal right now needs to be the increase of their stock price...which is kinda low.
THQ's stock has been below $1 for 30 consecutive days, which prompted the warning. Right now, if you're brave, you can snag one share of THQ for only $.70. The company will have to get back to $1 or higher, and they'll have to keep it above that mark for ten consecutive days before July 23, 2012. This isn't the first time a game publisher has faced removal from the public stock exchange; Atari and Majesco were warned twice.
Well, Saints Row: The Third did very well, so maybe that can save them. They have other promising titles on the horizon as well, don't they?
Tags: thq, thq stock, nasdaq, thq games
1/31/2012 10:29:57 AM Ben Dutka
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Comments (25 posts)
Temjin001
Tuesday, January 31, 2012 @ 11:02:16 AM
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Last edited by Temjin001 on 1/31/2012 11:02:37 AM
1 up, 0 down
jimmyhandsome
Tuesday, January 31, 2012 @ 11:18:10 AM
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Geobaldi
Tuesday, January 31, 2012 @ 11:33:41 AM
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3 up, 0 down
Jawknee
Tuesday, January 31, 2012 @ 12:51:14 PM
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0 up, 3 down
LegendaryWolfeh
Tuesday, January 31, 2012 @ 5:04:49 PM
Last edited by LegendaryWolfeh on 1/31/2012 5:05:10 PM
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Jawknee
Tuesday, January 31, 2012 @ 7:30:30 PM
1 up, 1 down
___________
Wednesday, February 01, 2012 @ 1:24:22 AM
every game THQ has made this gen has either been awesome, or decent.
worst game they made was homefront and that was not exactly a abomination!
metro 2033 was a f*cking masterpiece!
so was red faction guerrilla!
0 up, 0 down
Beamboom
Wednesday, February 01, 2012 @ 2:15:27 PM
It would be sad to lose them.
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LegendaryWolfeh
Tuesday, January 31, 2012 @ 4:51:33 PM
2 up, 0 down
Underdog15
Wednesday, February 01, 2012 @ 2:49:18 PM
Even if they grow a little, if they go bankrupt, so do your shares. And they won't warn you about bankruptcy, either. There isn't much risk left, as it can't go down too much more. (Although, it -IS- very possible, and there aren't any indicators yet to say it will go up.)
If they go up, there is a lot of room for growth. A LOT of room. But it's still a gamble. It might not go up, (could go down) and if they go bankrupt before you sell... you lose your entire investment.
Basically, I would only invest in it if you have money you won't be too cut up about losing. At least, that's how I'd approach it if I were looking into investments or mutual funds. I might conceivably invest in them as a percentage of a mutual fund so the overall loss would be minimal. But I would be 99% likely to definitely not invest any decent sum of money solely in them.
1 up, 0 down
maxpontiac
Tuesday, January 31, 2012 @ 5:38:45 PM
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7 up, 0 down
Underdog15
Wednesday, February 01, 2012 @ 2:54:50 PM
At the same time, many companies would declare bankruptcy well before getting their shares that low in value. Even ones going bankrupt in hopes to revive in another stream would bail before that point. It's not really about consistency at that level. It's about whether or not something is breathing. And the NASDAQ has a responsibility to investor groups and members to not allow a company to be registered that has no hope of avoiding bankruptcy.
When your share is that low... it's basically like hanging from a thread while crossing your fingers. There's almost no value to even work with to dig yourself out. Their only hope is that they -already- have plans that have been approved -short term- to pull their socks up. If they haven't gotten prepared to make a change yet, then it's probably already too late.
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OptimusX
Tuesday, January 31, 2012 @ 6:08:30 PM
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BikerSaint
Tuesday, January 31, 2012 @ 6:56:46 PM
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I should check on buying some of their stock, if for no other reason, just as a gamer trying to help them out in some little way.
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Chelsea United
Tuesday, January 31, 2012 @ 7:31:03 PM
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2 up, 1 down
firesoul453
Wednesday, February 01, 2012 @ 11:33:28 AM
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___________
Wednesday, February 01, 2012 @ 1:28:53 AM
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i feel sorry for THQ, there like insomniac.
they release awesome game after awesome game but they always get poor sales.
i mean deblob 2, saints row 3, homefront, dakrsiders, metro 2033, red faction guerrilla, armageddon, were all awesome games, but did not exactly set the sales charts on fire.
THQs problem has always been spending a shedload of cash on games, and spending so long on them.
and look where that got 3D realms………
there not THAT bad, but if your going to fund a high budget game thats going to take so long, and cost so much, you need a smaller market, a yearly income you can rely on.
and they really dont have that!
yea they have the WWE series but thats not exactly shelling in the millions there spending on making their games.
would be interesting to see how much they spent on making metro 2033, saints row 3, homefront and such, and see how much they made back on it
TBH i think its a f*cking miracle they have not gone bankrupt yet!
they should delve into the mobile market, they could make a fortune there and use it all on their big budget games.
after all, saints row is not doing it for them now is it?
things are definetly looking up for them though.
metro has gained a really strong fanbase, so has darksiders, and with itagaki on devils third, and crytek on homefront 2 they should have several big hitters in the years to come!
not to mention inSANE which, well, we know nothing about but i have big, BIG hopes for!
Last edited by ___________ on 2/1/2012 1:31:56 AM
1 up, 0 down
firesoul453
Wednesday, February 01, 2012 @ 11:34:04 AM
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1 up, 0 down
Underdog15
Wednesday, February 01, 2012 @ 2:55:59 PM
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Nynja
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Tuesday, January 31, 2012 @ 10:47:49 AM