THQ Threatened with NASDAQ De-Listing

Posted Jan 31, 2012 at 4:50PM EST by

Listed in: News Tags: NASDAQ, THQ

THQ is in some serious trouble. The company is hemorrhaging employees and concerns over its financial viability have ballooned from whispered rumors to fully reported shouts. By all accounts, THQ needs to make some big changes if it’s going to continue to make games in the future.

mfnasdq2

Today’s news brings no hope to shareholders or employees. NASDAQ has given the company until July 23 to find a way to bump its shares up to more than one dollar each. If the company fails to raise its stock price, it will be de-listed from the NASDAQ marketplace. The current price for one share of THQ stock is a mere 70 cents. De-listing isn’t necessarily the end of the road for THQ, but would have an enormous negative impact on the company’s bottom line.

The threat of de-listing could start a downward spiral for THQ stocks, as investors move to salvage what they can before the stocks end up on the OTCBB. Then again, it could be just the shot in the arm THQ’s board of directors needs to make some major changes near the top of the chain – at this point, that’s the only way to renew investor confidence. We’ll just have to see what the company has up its sleeve.

Would you be bummed to see THQ shutting its doors?

[Edge]

0% of voters think this story ROCKS!

Vote Now!

(0)

(1)

PS3 Categories
• Accessories • Applications • Artwork • Blu-Ray • Cell Processor • Cheats • Controller • Deals • Events • Featured Articles • Firmware • Games • Hacks and Exploits • Homebrew • How-To • Humor • Imports • Interviews	• Linux • Mods • Netcasts • News • Off Topic • On Shelves This Week • Opinions & Analysis • PlayStation Network • Previews • QuickJump QuickPeek • Reviews • Rumors • Scans • Screenshots • Site News • Titles • Videos • Weekend Warrior

Sitemap

Newest Downloads

05/21/2012 - 05/27/2012

WiiMC v1.2.7	05/25/2012
True Blue Firmeware v2.7	05/24/2012
3DS Video Converter v2.3	05/24/2012
Mobile Assault 1.8.2	05/24/2012
PSP Tools Alpha 0.1	05/22/2012
Newton War	05/22/2012
DaedalusX64 r766	05/22/2012
PSPMarble	05/22/2012
The Undead 4 - Nazi Zombies	05/21/2012
3DSExplorer v1.2.1	05/21/2012
J-Runner v0.2 Beta 275	05/19/2012
Priiloader 0.8 Beta 3	05/19/2012
Quake Rev PAK release 4	05/19/2012
ModMii v6.1.3	05/18/2012
Glitch360Key Updater 1.0.4.37	05/18/2012

Most Comments this Month
Sound Off: On Game Expirat..	(57)
Apparently You Can Pre-Ord..	(19)
PlayStation 3: Now Featuri..	(18)
Love It or Hate It, It's A..	(16)
You've Been Up in Arms Abo..	(15)
Pre-Order Generic Shooter..	(15)
This is Next Gen?	(14)
Get Off Xbox Live, You Ped..	(14)
Stop Your Whining, Start C..	(13)
Operation Raccoon City Pro..	(12)
Update: EA Drops Free BF3..	(11)
Jack Tretton Finally Gets..	(10)
Black Ops 2: Same Engine,..	(9)
Unreal Engine 4 Would Expl..	(9)
Putting a New Spin on the..	(8)
Activision Are Spiteful	(8)
A Friend That Helps You Ki..	(7)
What the Hell's Going On w..	(7)
Annoying Voice Acting Tell..	(6)
Here is Your Tony Hawk’s..	(6)
Is That Ectoplasm Or Are Y..	(6)
EA Sports Wants You to Com..	(5)
Put Down Your Guns And Pic..	(5)
Uninspiring God of War MP..	(4)
Blacks Ops 2 Shows Us That..	(4)

Top Jumps this Month
Naruto Shippuden: Ul..	(149)
GTA IV patch 1.0.6.0..	(29)
Sound Off: On Game E..	(29)
Homebrew - PSP/PS3 P..	(22)
EA Shuts Down More S..	(19)
PlayStation Eye driv..	(15)
Resident Evil 5 patc..	(14)
Jack Tretton Finally..	(11)
New Killzone Details..	(11)
Black Ops 2: Same En..	(10)
Watch This: Harley Q..	(10)
Naruto Shippuden: Ul..	(10)
Get Off Xbox Live, Y..	(9)
Unreal Engine 4 Woul..	(9)
PKGView v1.3 Windows..	(9)
Are These All the Ri..	(9)
Stan Lee’s Greates..	(8)
What's The Time? Tim..	(8)
Oh, Lawsuits, You So..	(8)
Put Down Your Guns A..	(7)
Naughty Dog Hates Ra..	(7)
PS3: New Stable Vers..	(7)
Love It or Hate It,..	(7)
Slyly Leap From PS3..	(7)
The Payne Of The Wai..	(7)

Quick Jump Daily Digest

THQ Threatened with NASDAQ De-Listing

Related Stories: