Why is everyone getting so mad at Jim/Tychus? He's just posting articles that say investors aren't happy about this, and obviously they aren't - they're getting screwed and I haven't seen anyone dispute this. If he's shorting THQ stock (which looks like it was a pretty good idea...) then he's doing it because he thought he could make money from the company failing, not because he hates Company of Heroes and wants it to die. Can't you divorce business from gaming? Can't you be a fan of CoH and also think that THQ was horribly run and that they're screwing over investors to try to make sure their stalking horse company wins the bidding?
Indeed and agreed. Shareholders were long ago screwed over. This isn't the question anymore. If any value remains, the bond creditors will fight over the scraps. The MAIN question for those in this forum, is what happens to Relic. Relic still has some "value" to the creditors or to the stalking horse bidder(s). However, the manner in which this "value" is realized, either via a sale or via liquidation, is the main question. There is no real guarantee that Relic will continue in the form it is in, if at all. With the exception of shipping COH2 which is a virtual certainty in that it will bring in some much needed near-term cash, the longer-term future for Relic is still very much up in the air. Will it continue on or be liquidated post COH2 launch?
Take a look at other recent game publisher bankruptcies such as Eidos and Midway. Eidos went bankrupt and it was acquired by Square Enix. This is the "good" case scenario where Crystal Dynamics studio the main studio at Eidos, survived the bankruptcy and continued on at Square. In the Midway bankruptcy, they filed chapter 11 just like THQ. Midway either shut down or closed most of its studios except it was able to sell the Chicago & Seattle studios to Warner Brothers. In the case of THQ, we know they have essentially 4 studios: Relic,
Volition, THQ Montreal, and Vigil. It's unlikely all 4 make it.