It's troubled times for Saints Row publisher THQ. The company has struggled to find its footing in recent weeks, with layoffs and an overall shift in focus coming in the wake of quickly refuted game cancellation rumors. Things just got a little worse, too, with NASDAQ threatening to delist the company from the American stock market if its share price doesn't improve, Yahoo! reports (via Joystiq).
The delisting notice comes because THQ's stock price has closed below $1 per share for 30 consecutive days, with $1 being the minimum requirement for a NASDAQ listing. The company now has 180 days to get that share price above $1 for at least 10 consecutive days; if that doesn't happen, the publisher will be delisted on July 23 of this year. It's not the end of days just yet for the publisher; Joystiq notes that Majesco has been here, and escaped delisting, twice before. Here's hoping that THQ can do the same.
Source: Yahoo! Finance
Comments
Displaying 1–12 of 12
GamingTruth
Quick everyone needs to go buy there stock so that they can get funding for SR4! No SR4=many unhappy gamers! For the Gamers!!!!!!
KGB21
I love THQ they seem to have a lot of games that no one else would make/publish and I am a big fan of theirs just for trying so I wish them the best.
gambit1023
Hopefully this won't effect WWE 13..THQ puts out the best pro wrestling games around and would be a shame if they can't continue.
Sindrie
As long as Relic is not effected I don't care but i'm sure they will be if something bad happens...
p.s. Relic makes Company of Heroes and Dawn of war.
fallenmoogla
THQ has poor rep with many customer, like myself, as it's growing fast. The PC version of Saints Row The Third is a nightmare for thousands of people. Players had to make their own workarounds to fix the graphic issues. There has yet to be an update which implements these fixes. If they go under it's fine by me. Rather see some other companies pick up their games.
BpPomerleau
THQ is still has Questionable games besides SR series!
AmericanKing01
Please don't go bankrupt please don't go bankrupt.
Raidr211
Hrmm $1 a share? maybe go buy a bunch and hope MS or someone does buy them and then stock blows up and i can sell and make some $$$$
crocodilius
isnt majesco the bottom of the barrel when it comes
to video game development?
OneEyedJohnny
Microsoft should take them under their wing because MS could use more exclusives.
darkeldar100
THQ is gonna be swept up by another company unless they find a (better) niche in the market.
ninenightmares
This sucks I love Saints row and wwe games.
Displaying 1–12 of 12
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