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Has anybody heard if THQ will be issuing new post-restructuring stock or will they leave the current shares as-is?
I think there are some numbers that are starting to look up...
Where is it official? Facts:
Gamespot (8.5)
IGN (7.5)
metacritic (84)
Google!
Market/economy just sucks as a whole right now...much uncertainty all around.
Could this news have something to do with it?
Holzer Holzer & Fistel, LLC Announces Investigation into THQ Inc.
Not sure about that one. Rough day for the market...
WSJ helps bring attention as well:
http://blogs.wsj.com/marketbeat/2012/05/30/stocks-to-watch-research-in-motion-monsanto-pep-boys/?mod=yahoo_hs
BUY BUY BUY BUY BUY!!!!!!
Just put my entire life savings into this. Highly recommended everybody here does the same!
Don't forget about an extension from Nasdaq...
It actually ended down though:
http://www.nasdaq.com/symbol/thqi/after-hours
Hold on everybody, tomorrow could be interesting. Wouldn't be surprised at all if we dipped...
BUY BUY BUY BUY BUY!!!
BLTA...BUY BUY BUY BUY BUY!!!
Yes. Only thing holding it back is bandwidth and storage limitations. Cloud technology to the rescue!
Personally, I don't think earnings will do much. Expected earnings have already been released. Unless there is something that catches the market by surprise I think it will have little to no effect.
Slow day...low volume...zzZZzzZZzz...
Couldn't agree more...
Opinion is fine but, throwing around rumor as fact urks me.
Exactly my point! Its all rumor as of now...
Yeh, well, 2013 is still a rumor. Wouldn't be surprised if it was 2014 though...
Like I said, don't count on it...
Don't count on it...
Next Gen is at least 2+ years out IMO...
Ummm, not sure what you mean. That's what my Scottrade ticker said...
THQI: 0.6772
Some services might be rounding for human readability but still using the float value for mathematical comparisons. Others may be rounding both...
Hard to say...I was in this stock for quite some time as sort of a high risk high reward play. After years of nothing but losing money or averaging down I finally just decided to put my money elsewhere. I may regret it someday but as of now, I do not and my money has actually been working for me in a positive way. GLTY in your decision...
That is a good short term technical indeed. Personally, I am not following the techs on this one too much besides to kill time. I'm in this for the fundamentals and playing against what was the expectation of bankruptcy. I will stay until we are above $1 and will reevaluate the technicals at that point...fwiw.
I am VERY optimistic on THQ as well. Fundamentally, I am in this for the long haul and averaged right about .69. We shall see but I am confident this one will play in my favor...
I completely agree. In my mind, I was thinking the info would do nothing but solidify what THQI has already stated regarding the Adidas lawsuit by putting a name to the company that is taking over the IP...
Yes I did. This article simply stated which game studio was taking over...whats wrong with that!?
Adidas MiCoach now published by 505 Games following THQ kerfuffle:
http://www.joystiq.com/2012/04/30/adidas-micoach-now-published-by-505-games-following-thq-kerfuffl/
Seriously! I just put my kids college funds all into BLTA. I recommend you all do the same. GLTA!!!!
That website sure is amazing isn't it! I am just blown away by the level of design and sophistication on display at baltia.com now. Really, I have not seen a better site in all my life...
Oh and I heard from a little "birdy" that THIS bird will fly VERY VERY soon...
Yes they can.
Share Price
If a company's stock trades below $1.00 for 30 consecutive trading days, NASDAQ will issue a deficiency notice. If the stock continues to trade below $1 for 90 days, the Company risks delisting. During this 90 day period, if the closing bid price is $1 or above for 10 consecutive days, the 90-day clock is restarted.
There are options for companies whose share price is below the minimum bid of $1. For example, the company can affect a reverse stock split. This can be seen as a desperate move because even though the share price would technically meet the requirement, it wouldn't change any fundamental problems the company may have. Therefore the SEC may or may not accept this proposal. Another option, assuming the fundamental business is sound, is to increase the public awareness the company's undervalued share price through an IR/PR campaign. Research coverage can be an extremely significant component in this effort.
According to Scott Peterson, Director of NASDAQ Media Relations, NASDAQ is fair to both the public companies as well as the shareholders. "We go the extra mile for the company and try to work on them to keep their listing standards; we recognize that they value being listed on NASDAQ - but we believe it is also an investor protection issue - if they can't meet the requirements, we will delist them."
If NASDAQ's standards have not been met at the end of the 90-day period, the company has the option of requesting a hearing - oral or written - before a panel of two securities experts (a securities lawyer or accountant) of their choice. If the panel denies the extension, in most cases the Company can appeal and is granted a final review. At this point the Company is either delisted of granted the extension.
The entire delisting process can take as long as six months. Once a company is delisted, it will typically trade on the OTCBB or on the Pink Sheets - clearly the OTCBB is preferable. Trading on the OTCBB requires current SEC filings and a market maker that is willing to make a market. (There are instances when a company qualifies for the OTCBB but still trades on the Pink Sheets because no market makers step up.) There is still a market for the stock so, what exactly is so bad about being delisted? Loosing NASDAQ listing will significantly affect liquidity. Most investors avoid OTC stocks, and with good reason. Additionally, raising capital becomes a significant challenge. In essence you have all the costs and regulations associated with being public and none of the benefits
http://www.bristoldirect.com/research/delistingarticle.html
Touche. I'll meet you in the middle and say 3.5 months...
They still have 4 months to avoid delisting...
Not to mention the market being down as a whole, not just gaming...
Yes, we've all seen that article from last week...
I will be here for better or worse! Like I said, I am betting that they will avoid delisting and come back up over $1. The chart is just very discouraging right now...that said, I did not invest based on technicals.