THQ have avoided delisting on NASDAQ by raising their share price from $0.62 (which is below the required $1 price for listing) to a whopping $6.20.
That is a considerable jump in share price and the mathematical amongst you many notice a colloration between the numbers.
This is because stockholders in the company met last week and approved a 10-to-one ‘reverse stock split’, meaning ten shares got mashed down in to one share with ten times the value.
Whilst this wont effect the larger stakeholders in the company those with a small amount of shares are in a much riskier position.
Source: Press Release
BrendanCalls
Things not looking good for THQ,