Funds were waiting on the sidelines until GV hit and stayed above $2. This moved when they came in and bought. Around $2.50 may be a safe bottom now.
WORST solution by far. When is the last time you heard of shareholders recovering after BK? You will get absolutely nothing. The BEST solution is for THQ to get a short term cash infusion, if it has to come by dilution so be it. Successful future releases and expense management will give the opportunity for even your diluted shares to multiply several times. Jason Rubin is doing very well here.
It's simple. EA wants WWE and Saints Row. Will buy Volition and rights to WWE. THQ out of debt and a much smaller company with a chance of success with South Park, Metro, COH, and other titles under development.
It's going to happen. They got UFC already and want WWE. They got snubbed by Take-two for GTA and want Saints Row. The offer will be a nice premium to THQ's discounted price. If you bought recently or now you will make money. Long-term shareholders that bought high will still be screwed.
THQ will get a lifeline to get them over the hump long before BK comes. EA could get WWE and Saint's Row right now. If not they will miss the opportunity.