At present THQ stock is around $0.70 a share, having fallen 2.3 percent last night. Now they must close with 10 consecutive days of THQ stock being worth at least $0.99.
Should they get the boot from NASDAQ they can appeal and possibly get an extension on the 180 days. Since casual franchise U Draw released things have spiralled downward.
”U Draw performed OK in the US when it first arrived in 2010, and performed solidly in Europe in early 2011. But when THQ relaunched the platform over Christmas last year, which included versions for PS3 and Xbox 360, revenues were well below expectations,” reports MCV.
”That led THQ to lay off staff from the development team, including kids, family and casual boss Martin Good.”
A number of THQ studio doors have been closed up over the past year as part of cost reduction. The planned Montreal studio where several hundred developers will be employed continues to move forward - a serious gamble.
