THQ in More Financial Trouble?
NASDAQ is threatening to remove THQ from the American Stock Exchange after stocks dropped under $1 for more than thirty days.
Just a week after trying to reassuring investors that THQ was still going strong, more troubling financial news has hit the company. NASDAQ is threatening to remove THQ from the American Stock Exchange. This is because THQ's stocks for over thirty days have been trading at less than $1 (US) a share, so NASDAQ has issued THQ a delist warning. If THQ does not regain compliance within 180 days, their stock will be delisted from the American Stock Exchange. So within the next 180 days THQ needs to get their stock above $.99 (US) for ten straight days to prevent being removed from the American Stock Exchange. THQ is off to a rocky start this year to say the least, and if things don't turn around soon we may see one of the bigger publishers go under. I would hate to see that considering that Saints Row is one of my favorite video game franchises that could be lost if THQ goes under. Not to mention there are a lot of people excited about the next Darksiders game; and if THQ falls apart who knows what will happen to that franchise as well.