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I sure hope so will all those gains they are having with exchange rates in their favour. They claimed they would be profitable by fiscal year with 73 million at exchange rates of 80 US and 100 EUR. If it is not, I'm calling bad management and I will get a lawyer (no joke). First Reggie claims that it only takes 1 game to be sold for a profitable equation - not true, misleading investors, against the law. Poor Marketing on both US and EUR fronts |
Well unfortunately as Nintendo investors in America if you've purchased their NTDOY ADR's, there is little recourse as the stock is traded on the Pink sheets. Nintendo is so insular and independent they can't even bother to answer to the SEC. The SEC's regulation of the Pink Sheets is minimal and Pink Sheet companies - typically Penny Stocks, carry great risk because of it. So I don't know what a lawyer would be able to do in this case.
But what Reggie said is definitely material to the value of Nintendo shares, and negatively impacted shareholders.
It would be relatively cheap for Nintendo to trade on one of the major exchanges, and the choice to not do so - is a very interesting one in and of itself. I'd like to know what their reasoning is.
