Are these Penny Stocks Good Or Bad?

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Penny Stock Research The Truth About Penny Stocks
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• Hi, My name is Aaron and Im with Penny Stock
  Research, today were reviewing our recently
  published article

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Are these Penny Stocks Good Or Bad?
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Penny Stocks Good or Bad this one is CRAZY!
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Its official. I can die today Ive now seen
everything.
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While flipping through a financial magazine (who
will go unnamed to protect the innocent) I came
across what I thought was a joke.
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It was an announcement that a company was raising
3 million in an IPO. Nothing strange until you
realize what they want to do with the money I
had to look twice
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The Crazy Penny Stock IPO
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I had to read the article then do my own
research. Was this a good penny stock or a BAD
penny stock youll have the answer in a moment!
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I cant believe Im saying this but there is a
penny stock company thats raising money to find
Bigfoot. There I said it
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Bigfoot Project Investments Inc. Talk about a
hairy stock! Hahahahhah!
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Im not kidding though I took a look at the
NASDAQ.com site and sure enough the company was
listed, having filed an S-1 to go public.
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Their stated purpose for raising money We are a
development stage enterprise organized for the
purpose of finding, documenting and collecting
evidence of the existence of the creature known
as Bigfoot,
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in direct connection with this purpose is the
development and production and distribution of
documentary and fictional films. Really, I
almost fell out of my chair.
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Doing Due Diligence on BigFoot
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The first question is this an April Fools
joke? I mean really Bigfoot? Why not Santa
Clause, the Tooth fairy, or the Easter bunny?
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The first big strike this company has is their
business model. They want to capture big foot
and then make a movie and sell it. Not exactly a
hotbed of demand for that product if you ask me.
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Anyway, I kept digging. I took a look at the S-1
the company filed thats the legal form they
file to start the process of going public.
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Its filled with juicy tidbits like The
auditors gave the company a going concern which
means they doubt the company will survive.
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The major shareholder bought his own collection
of bigfoot memorabilia from himself for 4.4
million shares and a note for 484,000 (a nice
deal if you can get it)!
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The company has 207 million shares already
outstanding (way to many for a startup). They
have 7,582 in assets and last year reported
2,437 in revenue. Not exactly breaking any
records here.
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The company goal is to produce a DVD about
finding BigFoot and sell it. I dont see this as
a big marketand to be honest, Im suspicious
about everything this company is doing.
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This company is media savvy though a few months
back the Wall Street Journal did an article on
the company you can find it here WSJ Bigfoot
Article.
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Is this penny stock good or bad? My feeling is
stay away. Youre not going to make any money
chasing mythical creatures youre better off
looking for real companies with real businesses
and investing in them.
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Hold onto your money and dont get
scammed! Good trading
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