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Martin

Monetizing Bigfoot

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Biscardi has him a little bigfoot hunting company. Valued at +/-$34,000,000

 

Traded OTC is at .15ct  currently (250,000,000 issued shares) with 192,922 vol in the past 24hrs 

 

https://www.bloomberg.com/quote/BGFT:US

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He's probably the only share holder

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Where do you see it valued at 34 million?

 

Im an idiot when it comes to stock market trading.

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Big Foot is big business. Even fake ones. 

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19 minutes ago, norseman said:

Where do you see it valued at 34 million?

 

Im an idiot when it comes to stock market trading.

15 cents a share X 250,000,000 shares out there

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That's ballsy, particularly with Biscardi's track record regarding proximity to past hoaxes.  The regulations for a publicly traded company are pretty intense, with serious blue sky provisions (full disclosure of risks to the loss of your investment), and anything smelling of fraud (even "unintentional") carries serious penalties.  He could even be held responsible for a third party hoax if he has represented himself as a full scale expert and someone "cons" him.  Biscardi could end up bunking with a fellow inmate nicknamed Bigfoot.

 

I'll bet Moneymaker is kicking himself, though.

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1 hour ago, 7.62 said:

15 cents a share X 250,000,000 shares out there

 

How do you create 250,000,000 shares?

 

Is there any real value involved? Building? Equipment? Land?

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Posted (edited)

29 minutes ago, norseman said:

 

How do you create 250,000,000 shares?

 

Is there any real value involved? Building? Equipment? Land?

I can't speak of his company because I don't know what it involves but yes .

 

Buildings , equipment is figured in in the break up value but most importantly is the EPS  the earnings per share  of a company .

 

But to get down to the real reality the stock market is mostly based on perception  . A rumor can move a stocks price way up or way down in an hours time.

There's nothing scientific about the market .

 

As to how do you create 250,000,000 shares . When you decide to take a company public you issue shares . You can read about the company's holdings , earnings , debt etc. . You read what they intended to do with the capital if they issue shares. Does the company intend to pay off debt , buy equipment ,

hire more staff , expand , it's a host of reasons why a company might decide to go public.

56 minutes ago, JDL said:

That's ballsy, particularly with Biscardi's track record regarding proximity to past hoaxes.  The regulations for a publicly traded company are pretty intense, with serious blue sky provisions (full disclosure of risks to the loss of your investment), and anything smelling of fraud (even "unintentional") carries serious penalties.  He could even be held responsible for a third party hoax if he has represented himself as a full scale expert and someone "cons" him.  Biscardi could end up bunking with a fellow inmate nicknamed Bigfoot.

 

I'll bet Moneymaker is kicking himself, though.

It is ballsy but it's a pink sheet stock so those companies get away with a lot more than a big board listed company . Penny stocks come and go so often you can't keep track of them.

Edited by 7.62
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Something he's probably counting on.  When did he go public?  One upcoming "event" of the magnitude of a Patterson video could be very lucrative to him.  And for there to be an ROI, there has to be a plan to convert that event into significant cash flow.

 

The table is set.

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Posted (edited)

You need to thoroughly review the latest 10-Q filed with the SEC. That was for the quarter (and nine-month period) ended April 30, 2017. In it, you will see the Balance Sheets, Statements of Operations, and discussions about financial matters.

 

https://www.last10k.com/sec-filings/bgft#fullReport

 

A few items from the 4-30-17 10-Q:

 

Page 3, Total Assets $34,381

Page 3, Total Liabilities $740,404

Page 4, Total Revenue (9 months ended 4-30-17) $3,018

Page 4, Total Revenue (3 months ended 4-30-16) $339

Page 4, Net Loss (9 months ended 4-30-17) $1,141,930

Page 3, Accumulated deficit $2,284,013

Page 7, Note 2, Going Concern

Page 12

 

 

 

Edited by wiiawiwb
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Posted (edited)

4 hours ago, JDL said:

Something he's probably counting on.  When did he go public?  One upcoming "event" of the magnitude of a Patterson video could be very lucrative to him.  And for there to be an ROI, there has to be a plan to convert that event into significant cash flow.

 

The table is set.

In 2013, the company Biscardi controls filed an S-1 form and registered with the Securities and Exchange Commission.

 

In its filings with the SEC, Bigfoot says its stock became eligible for trading on June 28, 2016, on the OTC Bulletin Board,

Edited by 7.62
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3 hours ago, wiiawiwb said:

You need to thoroughly review the latest 10-Q filed with the SEC. That was for the quarter (and nine-month period) ended April 30, 2017. In it, you will see the Balance Sheets, Statements of Operations, and discussions about financial matters.

 

https://www.last10k.com/sec-filings/bgft#fullReport

 

A few items from the 4-30-17 10-Q:

 

Page 3, Total Assets $34,381

Page 3, Total Liabilities $740,404

Page 4, Total Revenue (9 months ended 4-30-17) $3,018

Page 4, Total Revenue (3 months ended 4-30-16) $339

Page 4, Net Loss (9 months ended 4-30-17) $1,141,930

Page 3, Accumulated deficit $2,284,013

Page 7, Note 2, Going Concern

Page 12

 

 

 

 

Sounds defunct and not worth what its being speculated at.....

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Let's him write off his expenses, though.  And he can put what would otherwise be personal debt to backers behind the corporate veil.  He can bankrupt the company and walk away from it scot free.

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The following is just my opinion...

 

It looks like penny stock with zero earnings.

 

You know there is a huge bubble ready to burst in the market when this kinda thing happens. It's basically big money managers temporarily throwing chump change around because they have so much cash  they need a parking place. They move it around and create artificial profits and losses (they need losses for tax purposes) for a few months. Notice the wild volatility. The YTD return of 55% is bs, but it looks nice in the 1rst quarterly portfolio report...  then right before April 15th... crash. Textbook.

 

It looks like they've moved on to the next parking lot....  hope he sold his shares in March.

 

If he makes something out of it, more power to him.

 

biscardi-stock.PNG

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"Making Market" is a common theme with penny stocks where any activity can cause wild swings in price. A buy move often causes it to rise dramatically and then the people behind the curtain sell quickly while the sheep are still running causing a severe price drop just before the short options expire. Money is made via both the "pump & dump" scheme as well as the shorting route. Social media such as Seeking Alpha & The Street dot com are among some of the players in this type action.

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