http://www.vg247.com/forum/topic.php?id=7217 Just another bbPress community en-US Sat, 25 May 2013 07:52:22 +0000 http://bbpress.org/?v=1.0.2 q http://www.vg247.com/forum/search.php http://www.vg247.com/forum/topic.php?id=7217#post-40807 Mon, 24 Dec 2012 20:12:12 +0000 KrazyKraut 40807@http://www.vg247.com/forum/ <p>ah okay. Sorry Silk. This must be the shareholder letter. They always get the news at least :( </p> http://www.vg247.com/forum/topic.php?id=7217#post-40806 Mon, 24 Dec 2012 17:27:12 +0000 Phoenixblight 40806@http://www.vg247.com/forum/ <p>@silk</p> <p><a href="http://www.gamasutra.com/view/news/183888/What_does_bankruptcy_mean_for_the_future_of_THQ.php#.UNiPXm-7M0U" rel="nofollow">http://www.gamasutra.com/view/news/183888/What_does_bankruptcy_mean_for_the_future_of_THQ.php#.UNiPXm-7M0U</a> </p> http://www.vg247.com/forum/topic.php?id=7217#post-40805 Mon, 24 Dec 2012 17:10:25 +0000 silkvg247 40805@http://www.vg247.com/forum/ <p>It doesn't explicitly state that, no. Just that I'll be kept up to date with news. </p> http://www.vg247.com/forum/topic.php?id=7217#post-40804 Mon, 24 Dec 2012 16:36:28 +0000 DSB 40804@http://www.vg247.com/forum/ <p>It's not bankruptcy in the sense that they're selling everything to pay their debtors though. That's Chapter 7.</p> <p>Under Chapter 11 THQ gets a certain amount of time under the supervision of a bankruptcy court, to reorganize into a more viable business, in order to pay their debtors off in the long term.</p> <p>Of course, there's no guarantee that they can turn themselves into a viable business, so I think it's safe to say that if THQ slips up even a little in 2013, it's going to be final.</p> <p>Based on what I can find out, Chapter 11 usually means the company becomes delisted from the stock exchange, and the shares are made worthless, which I guess leaves the buyer in this case with a chance to start fresh, while the previous shareholders lose everything.</p> <p>I would expect the letter to make you aware of that, if that's the case. Doesn't it say you're losing your share? </p> http://www.vg247.com/forum/topic.php?id=7217#post-40803 Mon, 24 Dec 2012 15:38:38 +0000 silkvg247 40803@http://www.vg247.com/forum/ <p>@Krazy yes I read that but this letter literally arrived today with a posted date of 21/12. </p> http://www.vg247.com/forum/topic.php?id=7217#post-40802 Mon, 24 Dec 2012 15:34:00 +0000 KrazyKraut 40802@http://www.vg247.com/forum/ <p>didn't anyone read the news here? they got rescued by a investment group. more or less. </p> http://www.vg247.com/forum/topic.php?id=7217#post-40801 Mon, 24 Dec 2012 14:37:05 +0000 OlderGamer 40801@http://www.vg247.com/forum/ <p>In a nut shell, yes they entering chap 11. </p> http://www.vg247.com/forum/topic.php?id=7217#post-40800 Mon, 24 Dec 2012 14:08:35 +0000 silkvg247 40800@http://www.vg247.com/forum/ <p>I just got a letter from my shares company (I have THQ shares) and I'm not very clever when it comes to big words but it states:</p> <p>"the board has announced that the company has voluntarily filed petitions for relief under Chapter 11 of the U.S. Bankruptcy code".</p> <p>So what does this mean? Are they going under? :(</p> <p>I don't care about my shares/money, I want THQ to survive cos they make my favourite games.. </p>