Have any cash lying around that you’re just chomping at the reins to get rid of? Perhaps you’d be interested in this startup filing an IPO to fund it’s hunt for Bigfoot.
That’s right, Bigfoot.
According the Wall Street Journal, Carmine “Tom” Biscardi, a man who has been on the quest to find Bigfoot for years, is planning an IPO. Biscardi and his partners “hope to raise as much as $3 million by selling stock in Bigfoot Project Investments.”
What will Bigfoot Project Investments do, one might ask? The funding will help them track Bigfoot, funneling the footage into movies and DVDs, with the ultimate goal of capturing the elusive being.
Wall Street isn’t biting. “This would be the kind of thing where if you believed in Bigfoot, or you thought there really was a Bigfoot and you actually had some money to burn and wanted to play with this, then go for it,” president of Chapin Hill Advisors Kathy Boyle told the WSJ, also pointing out that investing in DVDs is investing in a dying technology.
A long controversial figure in the Bigfoot world, Biscardi has reported a number of sitings that never panned out, including this doozy. In 2008, he held a press conference in Palo Alto, Calif., about his examination of a Bigfoot carcass two men found in Georgia. Turns out, that “carcass” was a gorilla costume stuffed with animal parts and a set of teeth.
The Bigfoot Project Investments is pursuing its IPO under the Jumpstart Our Business Startups Act. The company has about $7,000 in assets, according to the WSJ.
If you ask us, you’d be better off funneling that cash into Sasquatch tickets.
