CosmicQueso
Member
Market cap is only $12 million. Who's got the bucket? If everyone in the thread throws in a couple bucks I bet we could buy it.
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South Park, Metro: LL, Company of Heroes 2 all delayed, THQ looking for cash options
- Thread starter Wario64
- Start date
Market cap is only $12 million. Who's got the bucket? If everyone in the thread throws in a couple bucks I bet we could buy it.
Cerebral Assassin
Member
As long as Patrice Dessillets game is saved by somebody, I don't really care (as South Park is obviously going to be OK).
And do... what with it? That would be literally flushing 12 million bucks down the drain.
Baron_Calamity
Member
Someone check my very basic math here.
THQs current monthly burn rate is ~40 million. Actually I think its closer to 55 million but I'm trying to be generous.
They are getting about 10 million a month in from sells of their current products in the market place.
They have 20 million in cash.
Unless they lay off almost everyone, continue funding external products, and go completely private, they aren't even going to make it till calendar year 2013.
THQs current monthly burn rate is ~40 million. Actually I think its closer to 55 million but I'm trying to be generous.
They are getting about 10 million a month in from sells of their current products in the market place.
They have 20 million in cash.
Unless they lay off almost everyone, continue funding external products, and go completely private, they aren't even going to make it till calendar year 2013.
GraveRobberX
Platinum Trophy: Learned to Shit While Upright Again.
WHAT IN THE BLUE FUCK!?
Ridiculous!
They had to bet the farm on uDraw Tablet HD, fucking numbskulls
MrCunningham
Member
further into the depths they sink...
Well, they only lost $80 million on uDraw. In the grand scheme of things that was about 2-3 months of operation.
Their problems started several years back when they started dropping from being a $1+ billion a year revenue company.
GraveRobberX
Platinum Trophy: Learned to Shit While Upright Again.
What's the price point where you are taken off Nasdaq
< $0.80?
I remember THQ was hovering there before and almost got yanked or they did
I remember reading it on GAF here
THQ close to being de-listed
< $0.80?
I remember THQ was hovering there before and almost got yanked or they did
I remember reading it on GAF here
THQ close to being de-listed
Monthly burn rate is a bit over 32 million actually
They are getting about 27 million a month in sales (over the last 2 quarters anyway)
They have 36 million in cash (at Sept. 31) (and half a 50 M credit line remaining, so 25 Million)
They have gotten better sales than forecast over those two quarters, and yet still face a cash crunch.
They really need WWE 13 sales to be great and older catalog sales to continue doing well; that should get them to launch the games in March
Baron_Calamity
Member
Its a little more complex than that. They built their entire 2011 - 2014 production line based on the success of the Udraw system. When that failed, they put all their eggs into Home front. When Home Front didn't pull Call of Duty numbers, THQ fate was sealed.
SpacePirate Ridley
Member
I hope South Park and Saints Row The Fourth make out alive of all this. I need this two games in my life.
Then when THQ can sell Volition and their franchises to someone competent that isnt EA or Activision.
Then when THQ can sell Volition and their franchises to someone competent that isnt EA or Activision.
Ta da da dam
http://eu.battle.net/sc2/en/blog/65..._March_12_2013_—_Presales_NOW_LIVE-13_11_2012
What now THQ ...
COH2 to get another delay coming up in next quarter report
http://eu.battle.net/sc2/en/blog/65..._March_12_2013_—_Presales_NOW_LIVE-13_11_2012
What now THQ ...
COH2 to get another delay coming up in next quarter report
Lagspike_exe
Member
THQ's monthly operating expenses are $32m? That's completely absurd. How many employees do they have?