THQ in Even More Trouble, May be Delisted from Nasdaq in July - News

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Following the rumor yesterday that THQ was closing down in Japan office and laying off 14 employees in its Australian office, THQ is in even more trouble. THQ stock on the Nasdaq stock exchange has fallen below the minimum and it may be delisted in July. Nasdaq told THQ it has 180 days to raise its stock above the minimum or else it will be delisted.

THQ stock is currently listed at 65 cents a share, already down 5 cents since the opening bell this morning. THQ has until July 23 to maintain a share price of $1 or higher per share for at least 10 consecutive days. THQ stock peaked at $6.11 on February 2, 2011, almost one year ago.

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Tridrakious (on 31 January 2012)

THQ is falling apart. I'm beginning to believe that TGQ will shut down in about two to three years, unless there is something major in the pipeline of changes.

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reviniente BasilZero (on 01 February 2012)

This isn't terrible news. It's neither terrible, nor is it news. It's like watching paint dry in slow motion.

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