THQ Inc fka THQIQ

[The Rainmaker]

We expect THQ equity to be wiped out. THQ’s creditors accepted 10¢ on the dollar in this recapitalization, implying that THQ equity is worthless. Accordingly, we are lowering our price target to zero.

[RallyTheMarket]

Brian Farrell never addresses the shareholder. In all his interviews he ends with the BS line such as this one "We appreciate the support of our employees, partners, and suppliers now more than ever.”

No body should support these criminals. Glad to see the birds will get to peck at THQ. Hopefully they leave Clearlake with the bones. Management is disgusting only looking out for their jobs. What a bunch of failed clowns.

[$tockfather]

THQIQ- THQ Receives Court Approval for Amended Sale Calendar


Today : Tuesday 8 January 2013

THQ Inc. (OTC: THQIQ), a leading worldwide developer and publisher of interactive entertainment software, received approval from the U.S. Bankruptcy Court on the calendar to conduct bidding and complete the sale of the company following an agreement reached between the potential buyer and the committee representing unsecured creditors. The Court approved Clearlake Capital Group, L.P.'s bid for the entire company as the opening bid for an orderly auction process. The Court also approved procedures that allow other interested parties to bid for individual assets or for the entire company, but bids for individual assets will only be considered superior to an aggregate bid for the entire company if the value generated by separate sales were to exceed the price offered by an individual bidder for the entire company.

The new calendar now calls for all bids to be received by January 22, 2013 at 9:00 a.m. ET. The auction will be held later that day at 3:00 p.m. The hearing on the sale will be held at 9:30 a.m. January 23, and the closing will occur January 24.

The Court also approved an amended financing agreement that will support THQ’s operations during this period.

“Today’s ruling provides a clear path. We will now know definitively by Jan. 23rd where we stand,” confirmed Brian Farrell, Chairman and CEO of THQ. “We appreciate the support of our employees, partners, and suppliers now more than ever.”

[$tockfather]

THQIQ- Plenty off room on the chart for this to run, very thin as well...

MA(20) @ .71

[SukhshantiOm]

Yup, that's my target, still haven't sold a share from my initial buy at $0.16

[Depcom]

Isn't the hearing today

[Depcom]

Lets hope we break .50 and then worry about the next level and news.

[Depcom]

Sit back and enjoy the swing up

[hondaboost]

Oh. It was the first time for me to read it so I posted it. It was meaningless now.

[Guynms26]

Are y'all serious? That article was 2 months ago well before their announcement of filing for Chapter 11 Bankrupsy. It's a dead fish. Throw it back so the turtles can finish her off.

[hondaboost]

THQ a "fair value" price target of $9.10.

I believe that THQ (THQI) is trading far below its fair valuation on overhyped bankruptcy fears. In this article, I will provide an overview of THQ and my investment approach. I plan to release a follow-up article with in-depth sales analytics, in-depth catalyst overview, in-depth IP valuation, and a look at respective takeover candidates. With my model based on a 30% bankruptcy ($0), 30% takeover ($12), 30% mediocre turnaround ($15) and 10% full turnaround ($50) by 2014, and after applying a 20% discount rate, I am giving THQ a "fair value" price target of $9.10.

http://seekingalpha.com/article/989891-tremendous-upside-potential-on-a-thq-bet?source=yahoo

[iPickle]

That was a quick flip from the teens.

[hondaboost]

THQI(Q), High: $6.08. tiny S/O: 6.8 m.

[hondaboost]

Moving with Big volumes.

[RallyTheMarket]

Everyone wants to know why there is activity in the stock when shareholder equity is zilch. What surprises me though is everyone who is still hanging around the board.

[Value_Investor]

Another 52-week low $0.11 is created so far! The current MV is still
joke high since the shareholders equity is completely negative! Sell ASAP before the pos scam hits the new lows $0.0x or even $0.00x...

[iPickle]

Welcome to OTC QB. Going down quickly

[Guynms26]

Me niether buddy. Me niether. Gonna make a nice tax write off.

[Value_Investor]

Usually this type of negative-equity Q stock trades at the sub-penny price level! I don't understand why people is willing to buy at 0.2x

[Guynms26]

Im glad I sold at .40. Wasn't much value but better than .00.

[Value_Investor]

Another 52-week low $0.22 was created so far! The current MV is joke
high since the shareholder's equity is negative! Sell ASAP before it
creates a series of new year's lows until the pos scam hits 0.0x...

[Value_Investor]

The shareholder's equity is completely negative and no value here...

[sddt]

Has anybody heard if THQ will be issuing new post-restructuring stock or will they leave the current shares as-is?

[SeamusX]

WTH?

[mkinhaw]

THQIQ tomorrow

http://www.otcbb.com/asp/dailylist_detail.asp?d=12/27/2012&mkt_ctg=NON-OTCBB

MK

[Value_Investor]

The pos scam is trading extremely overpriced & overbought recently! Sell ASAP before it hits the pennies or lower...

[dr_praeses]

good to know thx

this trd has essentially died for me honestly

out cant short and hasnt gone low enough to merit buying for a flip

[DrMat]

I cant get any in this range at all.. Had no issue above 1$ FWIW

[Guynms26]

Or might get the rug pulled out from under it and drop to .10. With this stock you are taking a very large risk. If you have the stomach for it, go for it. I am done with it tho. Better chances at the casino. GLTY

[Fibanotch]

Yea, baby!

[Value_Investor]

52-week low $0.34 was created right after the CH11! The current MV is ridiculous high since the shareholder's equity is negative! Sell ASAP before the pos scam hits a series of new year's lows until 0.0x

[RallyTheMarket]

I love Brian Farrell's message to the community. His response and attitude says it all "Hey, we f***** up but so did all these other companies who filed chapter 11. So it's cool."

No recognition to the fact he just screwed shareholders. No mention about failing his investors.

What a bum this guy is. I hope Brian Farrell never works again.

[RallyTheMarket]

Brian Farrell is a no good bum. Should have known when he wasn't buying any shares. They brought this clown in to keep the image pretty. They were gunning for BK as soon as he come on board.

This is disgusting. 60 million? Are they kidding? The judge must be a complete moron.

This is a complete fraud. I can't wait until retail is out of the market and they have no one but themselves to fleece money and shares from.

Brian Farrell is a clown.

[JL1585]

Guess I was right about it not tanking...

Actually it could go up a lot more tomorrow for a much better exit, I'll enter tomorrow and exit as well lol GLTA

[smalltimetrader]

oh well, didn't lose too much on this one.

[dr_praeses]

i cant locate the stock to borrow

i tried to sell short 3k shares @ 0.45 when it was 0.4502bid my broker has no stock to borrow

[3kidsplus1]

Some of these bio-techs, makes sense to short either before data release...or in the case of this one, was a great short at 1.50.

[SharpestGeorge]

Glad I did not short. But wish I had bought this morning in the 30's

[3kidsplus1]

Might get a bounce back to .70's or so!!!

[Derek2534]

Damn I was a dumb ass I was thinking $50 and $30 back in 09 10

[Kobe Ginobili]

Of course Suretrader existed this was yesterday

[Derek2534]

Haha ha did Sure trader even exist when the company was trading that high. Haha fucking liar

[stinging123]

If these companies do in fact have stock in this co. They were gone when this hit below $5

[Guynms26]

That's what I'm panning too.

[stinging123]

Believe me. Get your tax deduction now. This is done. The co. filed bankruptcy, next is drop drop drop to 0. Good luck

[stinging123]

Tax write off. This will be @ .00000

[lifter]

this thing has been a scam for awhile tanked under a 1.00 reverse split tanked under a dollar again settled a bit above a dollar then bankruptcy

[JL1585]

Second thought - Why this stock may not completely crash ....

This link (http://courtreads.com/docket-0001-voluntary-petition-for-thq-inc-case-thq-inc-nasdaq-thqi/#.UNJW0I5xucF) shows the shareholders of THQI, just a list for you in case you're feeling lazy:

(in no particular order although Invesco is the largest shareholder, others have any # of shares)

1. Invesco
2. Goldman Sachs
3. Deustche Bank
4. California Public Employees (Retirement fund)
5. Vanguard
6. Lonestar Capital... many more names

Now I'm no expert and don't claim to be but they have equity securities as do we... couldn't they play the stock tomorrow as well to make sure they get as much value as possible? Again, I'm not trying to start any debate or build skepticism, just asking out of ignorance.. but we'll see. My plan is to still get the shares < .10

[gureeser]

Links to Free copies of THQ bankruptcy court documents.

http://courtreads.com/?orderby=date&postcount=20&s=%23BKR100302

[JL1585]

Re: Momentum

Yea but I don't know if that price stays up necessarily now because now that the details are out people know the company is underwater w/ Assets to liabilities reported. I could be wrong, thats for sure but I'm looking to get in this thing for <.10