THQ's financial fall continues as the company has been dropped from the NASDAQ stock exchange following a dip in value resulting from the firm's recent chapter 11 filing, DigitalTrends.com reported today. NASDAQ rules require that a listed company’s stock maintain a value of at least $1 per share. On December 19, the day THQ announced that it was filing for chapter 11 protection, the company’s stock dipped to $0.36 per share. It currently trades at $0.22 per share. For the moment, THQ will continue to be traded on other stock markets, specifically over-the-counter markets that operate via telephone and Internet, instead of a trading floor. Once the company’s bankruptcy proceedings conclude however, THQ will become a privately-owned company with no stock to speak of. The firm’s stated goal is to slowly work its way back up, and being a privately-owned video game publisher would allow it to take more risks and be a more agile company.
