Yesterday we posted about the worrying state of THQ, today we’re doing the same thing. The news is getting worse and worse as the days go buy, now it seems the company could be in some real financial trouble.
It turns out that THQ’s stock has been trading below the $1 per share minimum that the NASDAQ stock exchange requires. As a result they’ve received an official notice that unless things change they’ll be de-listed. I won’t go into the specific implications of what this would mean, needless to say THQ would do well to avoid it.
THQ now have 180 calender days (Until july 23 2012) to get their stock back in line with regulations. As things stand they’re currently trading at $0.70 (As of 1:30pm GMT). THQ are set to address the state of the company along with recent troubles during an investor call this thursday, February 2nd.
We’ve been following THQ closely over the past few weeks as the news of their internal rumblings have been breaking. With waves of layoffs, disgruntled employees and now this? The future of THQ has never been so troubled. This could spell disaster for their 5 internal studio’s, who avoided feeling the repercussions of recent layoffs.
Stick with TGF over the coming months as we keep you updated with the ongoing problems at THQ.
