Some good news for once in regards to THQ as the company announces they prevented being delisted from NASDAQ and managed to slow down their bleeding of funds.
THQ was able to be removed from NASDAQ's watch list after their stock value managed to stay at or above the $1 limit for 10 days in a row. The decision to create a reverse stock split weeks ago was claimed as the main reason for success since it reduced the 70 million shares spread all over the place to a more manageable and stronger 7 million shares.
NASDAQ, who claimed a delisting would have been the "kiss of death", was happy at the results since a delisting would have made investors bail out faster than before and the stock worthless to own.
Under the new president of the company, Jason Rubin (former co-founder of Naughty Dog), the company revealed they managed to slow down the bleeding of company revenues. Several divisions and properties were shut down as part of the new plan to focus on fewer but stronger so-called "hardcore" IPs to provide the main sources of revenue in the future. The first test of the new plan will be once both Darksiders II and WWE 13 are released since the company is expecting both to be huge revenue providers.
http://www.giantbomb.com/news/thq-ma...elisting/4293/
http://www.egmnow.com/articles/news/...-market-value/
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Daily Recap:
1) Update to rumors from Kotaku about Final Fantasy Versus 13 being cancelled ended up being debunked by the CEO of Square-Enix who claims the game is still in development and regular staff meetings are still occurring for the game.
http://www.screwattack.com/news/fina...dead-after-all
http://www.giantbomb.com/news/square...snt-dead/4292/
2) The voice actor for Mario, Charles Martinet, thinks Nintendo should make a sequel to Super Mario Sunshine in the near future with the reason being Sunshine was his favorite Mario game he's been involved with at Nintendo.
http://www.egmnow.com/articles/news/...-get-a-sequel/
http://mynintendonews.com/2012/07/24...ario-sunshine/