Profile of MajorBloodnok

I have a hard time getting mad at Tychus for constantly telling us THQ is going to fail, when it turns out he was right, compared to the people at THQ saying "everything is fine, just keep buying our games, things will get better," when it appears that was just an attempt to get as much money as possible before inevitably going out of business. I don't really care about what intentions Tychus has and about what intentions THQ has - the plain fact of the matter is that if you listened to Tychus you would've known what's up and if you listened to THQ you'd have thrown a lot of money at a failing company that was just going to try to reward you by selling itself to Clearlake for much less than it was worth.

By and large, I agree with what you have previously written, Tycho, but states of mind do come into it, when evaluating the integrity of a post. To this end, I start by stating that I have had little reason to doubt what Relic devs have written. And as for THQ personnel, I will confine myself to observing that Lynx is a fine chap whom I have met personally. But if you work for a company in PR as a Community Manager, then you may find yourself from time to time between a rock and a hard place. The runes have been there to read for months - Tychus (in another life) and others set out the facts as they were. I do not need to set out the stall again about the share price devaluation last summer, but patently, if a company has share capital which is reduced drastically (as it was) then accordingly, its net worth devalues pro rata, and it seems be on the slide, (as events proved in hindsight)

I liked (and endorse) Marco's restrained observations today. I tend to side with his conclusions. Jim: do not allow yourslef to be deflected by ad hominems.Stick to the business in hand. Otherwise, if you allow others to goad you to extremes, you find yourself losing credibility, (unless, of course, that was always your position) which I do not think it was originally

Maybe THQ and all of its employees actually believed that the company was fine even though it was in horrible financial straights - we don't have to say that Lynx was lying or anything, maybe it was just wishful thinking or he was misled by the higher-ups or something. But the bare fact is that Tychus is the one saying "look, THQ is going down" and as much as we hate to admit that fact, he turns out to have been right.

Herein lies the dilemma for this board - or any other board dscussing matters of such grave import: there is a straight conflict of interest (IMO) between

1) the gamer/consumer on the one hand, who understandably only sees the wretched mess from the aspect of pre-ordering, to when, and if, will this game come out, and will it be supported? And by whom? (the most important view from this website); and

2) the businessman/investor, on the other hand, who is dispassionately interested as to how, and why this particular chapter 11 bankruptcy should devolve in the way it does

I think this thread should be locked, and the two separate viewpoints be allotted different threads.
There will be less chance of flaming/ad hominems

But subject to anything which appears after this, in view of the requirements for beta testers in Vancouver on the weekend prior to the auction of THQ assets, I would be surprised to see the Beta emerge prior to the auction.


-----------> Beta testers: please tell us who is at the testing, apart from Relic!

(This does not mean I celebrate certificates of equivalent competencies!)

Ubisoft is not a "bad" company, but they are way too commercial for our good as a community.

...........................

Don't get me wrong, they do decent games, and they generally seem to treat their employees well... but its just not what I'd wish for Relic.

Why are Ubisoft too commercial? I mean, it's THQ's business failure which led to the current hiatus.

I imagine many of you will have read this

http://www.kccllc.net/thq

I was wondering how the stalking horse will emerge?

Absent certain histrionics on the previous board about the whole situation, it seems to me, dispassionately, that filing for bankruptcy to restructure was an almost inevitable outcome, and will hopefully rescue the various operations from the quagmire in which the struggling THQ board found themselves.

THQ will continue operating its business without interruption during the sale period, subject to Court approval of THQ's first-day motions. All of the company's studios remain open, and all development teams continue. The company remains confident in its existing pipeline of games. THQ maintains relationships with some of the top independent development studios around the globe. As part of the sale, the company is seeking approval to assume the contracts of these studios, and Clearlake will assume these contracts.

"The sale and filing are necessary next steps to complete THQ's transformation and position the company for the future, as we remain confident in our existing pipeline of games, the strength of our studios and THQ's deep bench of talent," said Brian Farrell, Chairman and CEO of THQ. "We are grateful to our outstanding team of employees, partners and suppliers who have worked with us through this transition. We are pleased to have attracted a strong financial partner for our business, and we hope to complete the sale swiftly to make the process as seamless as possible."

And

Clearlake has agreed to serve as the "stalking horse bidder" for a Section 363 sale process, which allows other interested parties to come forward with competing bids. Aggregate consideration offered by Clearlake for the purchase totals approximately $60 million, including a new $10 million note for the benefit of the company's creditors. The company is asking the Court for a schedule to complete the sale process in about 30 days.

http://www.nasdaq.com/article/thq-inc-secures-asset-purchase-agreement-with-affiliates-of-clearlake-capital-group-lp-20121219-00832

Consumers and retailers should see no changes while the company completes a sale. The new financing will support business operations throughout the period. THQ does not intend to reduce its workforce as a result of the filing, and employees will continue to work their usual schedules and receive normal compensation and benefits, pending customary Court approval

.