CVG

Troubled publisher THQ faces possible de-listing from the Nasdaq stock exchange, it's been warned.

MCV reports that the Saints Row company's shares have failed to top $1 for 30 consecutive days, which is the minimum level required for a continued listing.

THQ has been given until July 23 (180 days) to boost its share price and must maintain a $1+ level for ten consecutive business days.

The firm recently announced it's exiting the kids' licensed games category to focus on its core game franchises and "develop digital initiatives".

THQ's "updated business strategy" was announced shortly after the publisher denied rumours that it had cancelled multiple projects and was positioning itself for sale.

Last month, the company cut 30 staff from its family-focused Play THQ division, the Californian development team responsible for the publisher's uDraw line of products.

http://www.computerandvideogames.com/333943/thq-threatened-with-stock-exchange-delisting/

"it's exiting the kids' licensed games category to focus on its core game franchises"
They make it sound as if the uDraw and kids games are the wrong way to go. They're just the wrong way to go on consoles who's userbase aren't interested (PS3, 360). These business men are not only ridiculously moronic, but they also blame causes erratically.

With this kind of idiotic thinking, they deserve to be out of business, and the developper staff migrating to studios with more intelligent business direction.

and 180 days after that THQ will be bankrupt, or sold.

maybe this would be a good time for one of the big 3 to buy the company. They have some good IP's.

Hopefully to a company that would bring us Homeworld 3 and do it justice.