THQ was once known as the publisher of dozens of licensed video games each year. Recent attempts to diversify their portfoloio has resulted in a significant drop off in their profitability, which wasn't helped by the declining popularity of the licensed game market. As a result, downsizing and layoffs have been announced and their share price has dropped below a dollar. The Saints Row publisher now faces NASDAQ delisting.

THQ was warned today that it has 180 days to get its price per share to the $1 mark and then keep it there for 10 consecutive days. Currently, their shares are valued at only 67 cents, down from $36 back in mid-2007. Near the end of 2011, the stock price hovered around $2, but took a drastic dip to its current rate in early December.

In order to get the stock price back up, THQ can combine its shares in a reverse stock split to make them more valuable - a move Gamasutra describes as "expensive, time consuming and embarrassing." Alternatively, the company can attempt to convince the NASDAQ that an effective turn-around plan is in place, but that they need more time to execute it.