The Position Makers

i’ve been wondering if US shareholders of Nintendo (NTDOY.pk) should seek Nintendo management to list the company on a reputable exchange.

as a benefit to shareholders:

1. increased liquidity — being listed on the pink sheets means that many brokerage firms have limited access to the markets making it difficult to execute buy/sell orders. by listing on a real exchange, [potential] shareholders would have access to more liquidity
2. increased transparency — because the market is not nearly as liquid as it could be, most tracking tools don’t maintain accurate information such as dividends, volume, etc. i’m not a purely technical trader/investor but i do like to look at historical data when increasing, entering or exiting a position. i have no intention of selling my nintendo shares any time soon but i would really like to have better access to information, information that brokerage firms (such as etrade) would provide were nintendo listed on the NYSE or NASDAQ.
3. higher stock price — because many institutional investors are constrained by the type of listings they’re allowed to invest in, not being listed on an exchange (in the US), prevents many firms from purchasing what is a growth company. even simple index funds are unable to purchase NTDOY because it’s simply not included in an index. the “supply of buyers” in the US (and europe) is limited to individuals (and some hedge funds), suppressing what could (and should be) a higher stock price. just to note, many of the institutional buyers (mutual funds, retirement funds, etc) are also limited by the number of international holdings eligible for purchase. in many cases, the company is limited to 2% or less of their total funds being invested in foreign listings, which Nintendo maintains under the ticker 7974 in japan.
4. increased trading options — meaning options could be sold. one of my primary investment models, as outlined here, is to sell short covered calls on my equity positions. this enables me to receive a higher rate of return even in a stagnant or side-to-side market. heck, even in this “bear” market where gains are quickly eroding. in fact the bear market may be the best condition for me to trade in since i’m able to sell the options short on up days and ride the contract down to zero only to resell the next month. providing more choices, i.e. options, to investors is not a bad thing.

so, what do you think? i’m obviously for it. are there any blaring problems that i should consider?