When a company does a reverse stock split they combine high quantity, small value shares into low quantity, high value shares.
For example, say THQ shares were worth $0.99 per share, if you had ten of them, after the reverse split you'd have 1 share instead of 10, and it would be worth $9.90 instead of $0.99.
With Dawn of War 3 and Darksiders 2 due this year, and Metro:Last Light and Warhammer 40K:Dark Millennium due out next year, here's to hoping THQ can survive!
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