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JEMC said:

I get your points and, in parts, I agree with them. But

Viper1 said:

How about a financial reason?   Stock values can fluctuate based on information.   Nintendo could be holding back information via NDA's to keep stock at a certain projected value until they are ready to unveil the information at which time they expect the stock value to rise.  If the stock figures are part of their expected fianncial data they give to stock holders, they need to control the information that affects their stock price as much as possible.

Their silence is allowing "anonymous" sources to make claims that are harming their stock's value more than needed. And holding back info now to make their stocks rise when revealed is a risky business as no one knows if (given they are good news) they will rise enough to compensate the decline they are suffering now from those rumors. A small tidbit from Iwata could put an end on most of these rumors without any compromise.


 

Maybe they are buying back stock so they want their shares to drop. THen when they finally reveal and stocks goup they start to sell.

From memory, Microsoft do this a lot buy back when shares are low and hold on till price goes up when they ready to launch a new windows version and sell.