Investing in the stock market always carries a risk. Your investment might work out but it might not. You might lose everything. You know this, though. Everyone knows this. And that’s why shrewd investors will do a bit of homework before considering sinking money into a brand new scheme.
Let’s take a look at one such investment opportunity and then do some homework.
The investment opportunity
From the Wall Street Journal:
Mr. Biscardi and his partners hope to raise as much as $3 million by selling stock in Bigfoot Project Investments. They plan to spend the money making movies and selling DVDs, but are also budgeting $113,805 a year for expeditions to find the beast. Among the company’s goals, according to its filings with the Securities and Exchange Commission: “capture the creature known as Bigfoot.”
…
Mr. Biscardi, who has trumpeted a number of Bigfoot sightings and captures that didn’t pan out, is a controversial figure among Bigfoot enthusiasts. In 2008, he held a news conference in Palo Alto, Calif., to detail his examination of what he said was the carcass of a male Bigfoot that checked in at 7 feet 7 inches tall and weighed more than 500 pounds. The Bigfoot, found by two men in Georgia, turned out to be a rubber gorilla costume stuffed with animal parts and outfitted with a set of teeth that may have been bovine in origin.
That’s a hell of an opportunity. DVDs! And possible capture of the legendary creature that is Bigfoot!
The homework
In five years time DVDs may not exist.
Bigfoot already doesn’t exist.
Happy investing everyone!
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