THQ in Default on Credit Line

A THQ SEC Filing (Adobe Acrobat format) reveals more fiscal bad news for the publisher, following a a recent collapse of its stock. The filing reveals THQ is in default on a line of credit from Wells Fargo, leading to a delayed 10-Q filing, and a situation that sounds tenuous at best: "The Company is currently in discussions with Wells Fargo regarding the asserted defaults and believes that it will reach an agreement with Wells Fargo with respect to such defaults. Wells Fargo has continued to fund requests from the Company after September 30, 2012 while Wells Fargo and the Company attempt to reach an agreement. There can be no assurance, however, that the Company will achieve an agreement with Wells Fargo." Thanks nin via Kotaku/Polygon.
View : : :
19.
 
Re: THQ in Defaults on Credit Line
Nov 12, 2012, 00:20
Nucas
 
19.
Re: THQ in Defaults on Credit Line Nov 12, 2012, 00:20
Nov 12, 2012, 00:20
 Nucas
 
ViRGE wrote on Nov 11, 2012, 22:31:
Nucas wrote on Nov 11, 2012, 21:28:
i'd heard rumors that THQ had ended up with the freespace license.. wonder if it's true? maybe volition can finally sneak it back and.. and..
The last time I checked it was still Interplay's. In fact it's one of the few things Interplay holds that is of any value.
that is disappointing.
Avatar 49584
Date
Subject
Author
1.
Nov 11, 2012Nov 11 2012
2.
Nov 11, 2012Nov 11 2012
3.
Nov 11, 2012Nov 11 2012
5.
Nov 11, 2012Nov 11 2012
6.
Nov 11, 2012Nov 11 2012
7.
Nov 11, 2012Nov 11 2012
8.
Nov 11, 2012Nov 11 2012
9.
Nov 11, 2012Nov 11 2012
14.
Nov 11, 2012Nov 11 2012
10.
Nov 11, 2012Nov 11 2012
11.
Nov 11, 2012Nov 11 2012
12.
Nov 11, 2012Nov 11 2012
13.
Nov 11, 2012Nov 11 2012
15.
Nov 11, 2012Nov 11 2012
16.
Nov 11, 2012Nov 11 2012
17.
Nov 11, 2012Nov 11 2012
18.
Nov 11, 2012Nov 11 2012
20.
Nov 12, 2012Nov 12 2012
21.
Nov 12, 2012Nov 12 2012
22.
Nov 12, 2012Nov 12 2012
 19.
Nov 12, 2012Nov 12 2012
  Re: THQ in Defaults on Credit Line
23.
Nov 12, 2012Nov 12 2012
24.
Nov 12, 2012Nov 12 2012
25.
Nov 12, 2012Nov 12 2012
34.
Nov 13, 2012Nov 13 2012
35.
Nov 13, 2012Nov 13 2012
37.
Nov 13, 2012Nov 13 2012
26.
Nov 12, 2012Nov 12 2012
27.
Nov 12, 2012Nov 12 2012
28.
Nov 12, 2012Nov 12 2012
29.
Nov 12, 2012Nov 12 2012
30.
Nov 12, 2012Nov 12 2012
31.
Nov 12, 2012Nov 12 2012
32.
Nov 12, 2012Nov 12 2012
33.
Nov 12, 2012Nov 12 2012
36.
Nov 13, 2012Nov 13 2012