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.
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| 24. |
Re: THQ in Defaults on Credit Line |
Nov 12, 2012, 05:29 |
Kajetan |
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aesir05 wrote on Nov 12, 2012, 04:49:
if they do go under, would steam sell their stuff for $1 each? Valve cannot just sell games for cheap, if a publisher doesnt give his ok. And if THQ goes under, there will be a new copyright holder, who decides the prices.
Valve does only one thing. Trying to convince publishers and other distribution right holders, that a Steam sale works wonders on their revenue, with disatrous effects on the credit limits of the customers. |
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Subject |
Author |
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1. |
Nov 11, 14:10 |
Re: THQ in Defaults on Credit Line |
Rossafur |
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2. |
Nov 11, 14:47 |
Re: THQ in Defaults on Credit Line |
NewMaxx |
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3. |
Nov 11, 15:12 |
Re: THQ in Defaults on Credit Line |
killer_roach |
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5. |
Nov 11, 15:23 |
Re: THQ in Defaults on Credit Line |
ASeven |
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6. |
Nov 11, 15:35 |
Re: THQ in Defaults on Credit Line |
Wildone |
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7. |
Nov 11, 15:48 |
Re: THQ in Defaults on Credit Line |
killer_roach |
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8. |
Nov 11, 15:55 |
Re: THQ in Defaults on Credit Line |
Prez |
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9. |
Nov 11, 16:11 |
Re: THQ in Defaults on Credit Line |
nin |
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14. |
Nov 11, 19:41 |
Re: THQ in Defaults on Credit Line |
Prez |
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10. |
Nov 11, 16:15 |
Re: THQ in Defaults on Credit Line |
NewMaxx |
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11. |
Nov 11, 16:19 |
Re: THQ in Defaults on Credit Line |
killer_roach |
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4. |
Nov 11, 15:17 |
Re: THQ in Defaults on Credit Line |
Closed Betas |
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12. |
Nov 11, 18:36 |
Re: THQ in Defaults on Credit Line |
Cutter |
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13. |
Nov 11, 19:39 |
Re: THQ in Defaults on Credit Line |
The Half Elf |
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15. |
Nov 11, 21:28 |
Re: THQ in Defaults on Credit Line |
Nucas |
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16. |
Nov 11, 22:22 |
Re: THQ in Defaults on Credit Line |
Jerykk |
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17. |
Nov 11, 22:31 |
Re: THQ in Defaults on Credit Line |
ViRGE |
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18. |
Nov 11, 23:31 |
Re: THQ in Defaults on Credit Line |
Jackplug |
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20. |
Nov 12, 00:27 |
Re: THQ in Defaults on Credit Line |
Jerykk |
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21. |
Nov 12, 03:35 |
Re: THQ in Defaults on Credit Line |
Fantaz |
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22. |
Nov 12, 04:04 |
Re: THQ in Defaults on Credit Line |
zombiefan |
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19. |
Nov 12, 00:20 |
Re: THQ in Defaults on Credit Line |
Nucas |
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23. |
Nov 12, 04:49 |
Re: THQ in Defaults on Credit Line |
aesir05 |
| >> |
24. |
Nov 12, 05:29 |
Re: THQ in Defaults on Credit Line |
Kajetan |
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25. |
Nov 12, 06:33 |
Re: THQ in Defaults on Credit Line |
Dev |
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34. |
Nov 13, 03:38 |
Re: THQ in Defaults on Credit Line |
Iurand |
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35. |
Nov 13, 05:23 |
Re: THQ in Defaults on Credit Line |
Prez |
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37. |
Nov 13, 16:52 |
Re: THQ in Defaults on Credit Line |
Dev |
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26. |
Nov 12, 09:43 |
Re: THQ in Default on Credit Line |
Verno |
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27. |
Nov 12, 10:20 |
Re: THQ in Default on Credit Line |
ASeven |
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28. |
Nov 12, 10:21 |
Re: THQ in Default on Credit Line |
ASeven |
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29. |
Nov 12, 10:32 |
Re: THQ in Default on Credit Line |
Kajetan |
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30. |
Nov 12, 11:28 |
Re: THQ in Default on Credit Line |
Creston |
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31. |
Nov 12, 11:31 |
Re: THQ in Default on Credit Line |
nin |
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32. |
Nov 12, 14:41 |
Re: THQ in Default on Credit Line |
Prez |
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33. |
Nov 12, 19:41 |
Re: THQ in Default on Credit Line |
gilly775 |
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36. |
Nov 13, 06:13 |
Re: THQ in Default on Credit Line |
Suppa7 |
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