Majesco seems to be in a world of hurt lately. The company is no longer giving guidence for their earnings and has received notices about their stock price from NASDAQ for being under a dollar for 60 days (delisting notices). A lot of their siutation sounds like THQ.
The prevailing thought on THQ is that development of Wii centric games on HD consoles was what lead that company to go bankrupt. I personally contend that notion as being silly and it was a combination of events that led to its downfall.
We now revisit the same with Majesco. If you look at the games they published (list from VGC link below), you will see that HD representation is virtually zero yet the stock continues to struggle. Im sure if this company goes under, somehow Sony and Microsoft would be blamed.
http://www.vgchartz.com/companies/9824/majesco-entertainment/
















