One of the cryptozoology world's most polarizing figures, Tom Biscardi, is planning an IPO to help fund his ongoing search for Bigfoot.

Yep. You read that right, and no less an authority than The Wall Street Journal has the scoop on this, uh, unique investment opportunity.

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."

Investment advisers caution that this IPO may not be for everyone. For starters, it involves DVDs, a dying technology, said Kathy Boyle, president at Chapin Hill Advisors. Then there is the Sasquatch issue. She reckons only true believers would be interested in such a speculative venture.

"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," Ms. Boyle said. A lot of ifs.

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The plan will likely only further polarize Biscardi from the Bigfoot community, which already looks at him askance after his highly publicized claims in 2008 of having found a Sasquatch carcass. (It was, for the record, a gorilla suit stuffed with body parts; Biscardi claimed he'd been fooled by the men who supposedly found the body in rural Georgia.)

You can't keep a true believer off his sworn path, though, and Biscardi is truckin' on, reminding the WSJ that "When you're king of the mountain, everybody's trying to knock you down."

Image from the 2008 press conference via Wired.

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