Bigfoot Project Investments, a company formed by Carmine “Tom” Biscardi, is headed for an initial public offering (IPO), seeking to raise $3 million in order to fund their hunt for the elusive Sasquatch.
Fans of Bigfoot will be able to invest in the company, which has filed with the SEC early this year, according to the Daily Mail. Capturing Bigfoot is listed as a priority on company documents, and though much of the money it hopes to raise will be utilized for the creation of DVDs, $113,805 a year is intended for use in Bigfoot hunting missions.
— GeekWire (@geekwire) January 22, 2015
The SEC specifically avoids evaluating the merits of an IPO and refuses to comment on any company, focusing instead on compliance with disclosure and accounting rules. Kathy Boyle, president at Chapin Hill Advisors, noted that this IPO may have limited appeal outside of the Sasquatch hunter community, citing in particular its planned investments in DVDs, a dying technology.
“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.”
Though only true believers are likely to invest in Biscardi’s venture, the Wall Street Journal reports that few in the Bigfoot community find it appealing. Instead, many Bigfoot believers see the IPO as a blatant commercialization of a subject they take very seriously.
— AmericasMostHaunted (@amhaunted) January 21, 2015
Much of that attitude may have to do with a 2008 press conference, in which Biscardi purported to be in possession of the carcass of a seven-foot-tall Bigfoot, weighing over 500 pounds. As the Inquisitr previously reported, the body, found by two hunters in Georgia, proved to be a fake. Though Biscardi claims he was deceived, the incident negatively impacted his credibility in the Bigfoot community. Well aware of his detractors, he notes that it is simply a consequence of his status as a high-profile Bigfoot hunter.
Biscardi’s venture isn’t the only Bigfoot search currently seeking funding. William Barnes, 55, has teamed up with Idaho State University and Prof. Jeffrey Meldrum to initiate the Falcon Project, which would employ drones to scour the woods for signs of Bigfoot. They are trying to raise $400,000 through crowdfunding to deploy the technology to known Bigfoot hotspots.
Bigfoot Project Investments originally filed for its IPO in February of 2013, and plans to begin trading early this year. According to Biscardi, the SEC’s questions regarding the Bigfoot Project Investments IPO have been fully routine so far.
[Image: BBC/Minnow Films/Morgan Matthews via the Daily Mail]