Nintendo founding family looking to sell shares

[Soundwave]

TheLastStarFighter said:

Soundwave said:
Seems to me like Yamauchi's daughter and Mr. Arakawa (her husband) don't have much confidence in Iwata if they're immediately dumping their stock.

Or they could just care less about the family buisness and now that Daddy is gone she's gonna get that boob job, Lambo and diamond plated grill she always wanted.  More likely however, they are just willing to sell back maybe 5% of their massive holdings.

They are already multi-millionaires, they showed Arakawa and Yamauchi's daughter's home that was being built in Hawaii about 11 years ago in a BBC feature on Nintendo ... they ain't hurting for cash, lets just put it that way. 

The only reason I can see to sell so quickly is if they don't have much confidence in the company going forward and are worried about devaluation of their inheritance. Basically they're going to take that money out of Nintendo and just invest it into something else. 

It's like Arakawa at least doesn't know a lot about the game business. Yamauchi's son also worked in the game industry for a while too. 

Would they be selling their stock if this was 2007 instead and the stock was on the move upwards? Somehow I doubt it.