THQ threatened with stock exchange delisting

Nasdaq gives troubled publisher 180 days to raise price

By Andy Robinson for computerandvideogames.com

Troubled publisher THQ faces possible de-listing from the Nasdaq stock exchange, it's been warned.

MCV reports that the Saints Row company's shares have failed to top $1 for 30 consecutive days, which is the minimum level required for a continued listing.

THQ has been given until July 23 (180 days) to boost its share price and must maintain a $1+ level for ten consecutive business days.

The firm recently announced it's exiting the kids' licensed games category to focus on its core game franchises and "develop digital initiatives".

THQ's "updated business strategy" was announced shortly after the publisher denied rumours that it had cancelled multiple projects and was positioning itself for sale.

Last month, the company cut 30 staff from its family-focused Play THQ division, the Californian development team responsible for the publisher's uDraw line of products.

computerandvideogames.com

Andy Robinson

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Andy has written about video games for ten years for publications such as PC Zone, T3, The Sunday Mirror and of course, CVG. Read more

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gearyboy on 31 Jan '12 said:

Hate to say this but it's sounding like the start of the end for THQ, I know that they've been fielding a straight bat to all incoming comments about their rumoured problems but there's no smoke without fire (My God, knew I shouldn't have eaten that dictionary of idioms for dinner).
First it was the small companies hitting the wall, now the larger ones.... what happens next?
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MPH on 31 Jan '12 said:

Hate to say this but it's sounding like the start of the end for THQ, I know that they've been fielding a straight bat to all incoming comments about their rumoured problems but there's no smoke without fire (My God, knew I shouldn't have eaten that dictionary of idioms for dinner).
First it was the small companies hitting the wall, now the larger ones.... what happens next?
The wall calls the police and has these companies arrested for assault? That wall's done nuthin wrong I tell ya!
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gearyboy on 31 Jan '12 said:

Hate to say this but it's sounding like the start of the end for THQ, I know that they've been fielding a straight bat to all incoming comments about their rumoured problems but there's no smoke without fire (My God, knew I shouldn't have eaten that dictionary of idioms for dinner).
First it was the small companies hitting the wall, now the larger ones.... what happens next?
The wall calls the police and has these companies arrested for assault? That wall's done nuthin wrong I tell ya!
Well answered that man!
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groble on 31 Jan '12 said:

Hate to say this but it's sounding like the start of the end for THQ, I know that they've been fielding a straight bat to all incoming comments about their rumoured problems but there's no smoke without fire (My God, knew I shouldn't have eaten that dictionary of idioms for dinner).
First it was the small companies hitting the wall, now the larger ones.... what happens next?
The wall calls the police and has these companies arrested for assault? That wall's done nuthin wrong I tell ya!
Brilliant!
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Sentinator on 31 Jan '12 said:

Sounds to me like THQ are covering their money woes. Anyway I don't think delisting is that bad because aren't Sony being delisted?
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Sangor on 31 Jan '12 said:

Sounds to me like THQ are covering their money woes. Anyway I don't think delisting is that bad because aren't Sony being delisted?

Sony are a long way from a Nasdaq delisting, same for Nintendo and Microsoft.
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kmcroc on 31 Jan '12 said:

THQ it is time to sell your soul & save your ass by joining a great company like Microsoft Game Studios & let them infuse some much need cash & life . besides you need cash ,they need IP so it works out come on give Phil Spencer a call.
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Imaduck on 31 Jan '12 said:

Oh please f**king no! Darksiders 2 must happen!!!!!!!!!!!!!!!!!!!!!!!
Take Activision instead, I could live with that !