Nintendo published a letter to investors on July 22nd offering a reality check on the company’s involvement in Pokemon Go : Namely, it didn’t develop or publish the game. Instead, Nintendo has a 32 percent stake in The Pokemon Company, the business that markets and licenses the Pokemon franchise to outside developers. The Pokemon Company will receive licensing fees and compensation for collaborating with developer Niantic on Pokemon Goand Nintendo will see just a sliver of that revenue. Nintendo said it would not modify its financial forecast. On Monday, the first trading day after its letter went public, Nintendo’s stock fell as much as 18 percent. It’s the steepest hit to the company’s shares sinceBloomberg reports. Many people associate Pokemon with Nintendo, and for good reason: The company has published the games since their inception in the s and it owns a third of The Pokemon Company. However, Nintendo simply didn’t have a hand in developing or...