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THQ INC Message Board

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  • profitgrowthfirst profitgrowthfirst Nov 6, 2012 11:45 AM Flag

    THQI up 6% in 45 minutes

    You're exactly right, Blackhole. Centerview will collect a nice check telling them what they already know. Either dilute further or choose bankruptcy. There best bet would be to issue a secondary offering of 50 million shares at between $1.10-$1.25. That would give them between $55 and $62.5 mm to work with. But of course, that would hurt the common stockholders even more.... However, so would bankruptcy.

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    • Won't work. It would still be delisted due to market cap and that would drop the share price too low. They would have to dilute WAY more than 50 million shares because they'd have to do it enough to pay the debt.

    • We really don't know what THQ needs for the next 5 months. We know they'll have revenue from catalog and digital sales, WWE, SR Collection, and Darksiders Wii U. I doubt they'll need an additional 60 million on top of that revenue and the cash/credit line they have on hand. In a perfect world, they'd be able restructure the '14 notes and expand their credit line. If they need 50-60 million then shareholders are in trouble. I can't believe they'll need any more than an additional 20 million.

 
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