Category: Media Review


A quick update on the Bigfoot Lawsuit by Claudia Ackley….

 

A lawsuit filed by a Crestline woman demanding that the state recognize the Sasquatch, aka “Bigfoot,” as an official species has been dismissed.

The court dismissed the case at the request of petitioner Claudia Ackley, on March 15, court records show.

Ackley said her attorneys advised her to drop the lawsuit she filed Jan. 18 in San Bernardino Superior Court against the California Department of Fish and Wildlife and the state Natural Resources Agency. She plans to refile the suit so it is compliant with the rules of the court. A hearing that was scheduled for Monday, March 19, was vacated by the judge.

“The attorneys wanted me to stop it and then for them to rewrite it,” Ackley said, adding that her attorneys told her if she had gone forward with her original filing, she would have been “eaten alive.”

READ MORE HERE:

Source – https://www.sbsun.com/2018/03/20/california-womans-bigfoot-is-real-lawsuit-has-been-dismissed-for-now/

Fifty Large to $221.00?

What I took as a scathing article appeared on People.com regarding Tom Biscardi’s public venture, “Bigfoot Project Investments, Inc. (BFII), Stock Ticker BGFT listed on NASDAQ, which referenced a CNBC article, but more on that in a minute.

A Quick Recap…

As mentioned in an earlier blog, Bigfoot Project Investments is the parent company of “Searching for Bigfoot,” where allegedly the so called “Godfather” of Bigfoot, (ahem) is making his farewell tour and is allegedly turning the reins over to his son TJ. What I suspect and will make this prediction, is that the elder Biscardi at the very least will still remain in charge of Bigfoot Project Investments as its CEO, thus still being in charge of SFBI’s parent company.

According to the latest SEC filing, this appears to be the case,

“As of July 25, 2016, Carmine T. Biscardi, owns 58.92% of the outstanding common stock. As a result, Mr. Biscardi currently possesses and will continue to retain significant influence over our affairs.”

Source: https://www.sec.gov/Archives/edgar/data/1569568/000107878216003202/s1080516_s1.htm

Much of my material on SFBI and it’s leader, De Facto or not can be read here

The Big “Whoops”

Sometimes being a publicly traded company can open up some eyes to the actual reality versus the “preached” reality of a business. In this case the parent company of SFBI.

The article contended that somehow, BFII had a market capitalization of $10 Billion.

“Market capitalization refers the total dollar market value of a company’s outstanding shares. Commonly referred to as "market cap," it is calculated by multiplying a company’s shares outstanding by the current market price of one share. The investment community uses this figure to determine a company’s size, as opposed to using sales or total asset figures…

Large-cap companies typically have a market capitalization of $10 billion or more. These large companies have usually been around for a long time, and they are major players in well-established industries.”

Source: Market Capitalization Definition | Investopedia

According to CNBC.com,

“In its filings with the SEC, Bigfoot says its stock became eligible for trading on June 28, 2016, on the OTC Bulletin Board, but as of July 29 the stock had not yet begun trading. Still, this week FactSet listed a current share price of $50.01 for BGFT. That, multiplied by the number of shares outstanding (more than 200 million) gives the $10 billion figure for market capitalization.

It’s not clear where the $50.01 stock price came from.

What is clear is the tale of BGFT highlights the strange distortion effects that can happen in the pink sheets netherworld, a mysterious place where the metrics investors use to value companies such as market capitalization can lose all meaning in a haze of accounting fiction.

Market capitalization is a fine way to measure big, widely traded companies. But for a firm like Bigfoot, it doesn’t make any sense at all. A $10 billion valuation puts Bigfoot on a par with Xerox, Discovery Communications and Gap — well-known companies with massive assets and popular products.

(BFII), by contrast, lists current assets of $221 in cash along with 73 original casts of Bigfoot footprints, a 109-inch skeleton and a rubber suit from a 2008 Bigfoot hoax.”

Source: http://www.cnbc.com/2016/08/17/the-mystery-of-how-a-company-set-up-to-search-for-bigfoot-hit-a-10-billion-value.html

It is nice to know that I have more cash on hand than BFII. But in reality and what the other two news organizations failed to realize is that the $221 was a 2015 figure not the 2016 figure which lists cash assets as 19K on hand and a 2K money market account.

SEC2

But where did that money come from? Was it from revenue? No. It likely seems it came from a $81K from an advance from Shareholders.

“In the year ending July 31, 2015, shareholders advanced additional funds in the amount of $22,633. In the nine-month period ending April 30, 2016, shareholders advanced additional funds in the amount of $ 21,626. The balances of Advances from shareholders were $81,341 and $59,715 as of April 30, 2016 and July 31, 2015.”

Source: https://www.sec.gov/cgi-bin/viewer?action=view&cik=1569568&accession_number=0001078782-16-003007&xbrl_type=v#

 

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This brings us again to the problem of at the time SFBI’s own self inflated, self worth, estimated by as the 2008 business plan stated, “by none other that Tom Biscardi himself, the world’s leading authority on Bigfoot.”

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Not to mention the fact that in 2006, SFBI had posted they never disturbed the skeleton, taking only a few artifacts from the grave site, after receiving a backlash from the Bigfoot community, discussing the legality over disturbing a gravesite let alone removing it without government permission.

Here is that statement direct from the SFBI website at the time:

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So where is the lie? If anyone has seen the original “Bigfoot Lives,” they most certainly are not just observing it, as we see TJ Biscardi in the gravesite brushing dirt. 

Biscardi stated he did not believe the the 10 Billion dollar evaluation stating, “Someone doesn’t have their facts right.” The SEC filing would agree with that statement.

2008: 17 Million / 2015: 27K

The real value of BFII is clearly seen on the balance sheet provided by an audit firm, also can be found from the sourced SEC filed document listed above. A far cry from the self appointed 17 million dollars it tried to portray to investors.

SEC1

Caveat Emptor

A big caveat emptor for their stocks is also another quip from the CNBC article:

“…it (BFII) is what’s known on Wall Street as a "pink sheets" firm. That means it is an over-the-counter stock traded in the OTC’s least-regulated and least-scrutinized market. On its website, OTC Markets describes the pink sheets market as home to penny stocks, shell corporations and "distressed, delinquent, and dark companies" that are not able or willing to provide adequate information to investors.”

Source: http://www.cnbc.com/2016/08/17/the-mystery-of-how-a-company-set-up-to-search-for-bigfoot-hit-a-10-billion-value.html

 

The People.com article was even less flattering:

“Biscardi’s company (stock ticker: BGFT) was registered in 2013 with the Securities and Exchange Commission. It’s currently what’s known as a "pink sheets firm," which means it’s in the same category as penny stocks, shell corporations and other less-than-savory investments…The valuation quickly disappeared under scrutiny, as OTC Markets made a "courtesy call" to its data vendor after CNBC called them.”

Source: http://www.people.com/article/tom-biscardi-bigfoot-hunting-company-valued-10-billion

According to Investopedia, “”Pink Sheet” stocks are to be bought with caution.

“Investors should be aware of four cautions. First, most OTC stocks do not meet the minimum requirements for most exchanges and do not file with the SEC. Therefore, credible and reliable fundamental data are not available for analysis. Second, historically Pink Sheets stocks are penny stocks and are often near-insolvent companies. Third, some stocks are illegitimate shell companies set up to scam investors by issuing press releases, and having “analysts” promote the stock and issue more worthless shares. Fourth, Pink Sheets only has one requirement for a company to list – a company needs to have one market maker (broker) quoting its stock. The listing companies do not have to provide any financial information at all.

One common scam involving OTC investors is the pump and dump scheme where promoters buy penny stocks, promote and push up the prices for other investors and then dump their stocks while the late investors are stuck with worthless stock that they overpaid to own. These stocks are often promoted in spam emails or on message boards and blogs.”

Read more: Use Caution Trading Pink Sheet Stocks | Investopedia

Well that’s my stock market lesson and tip for the day!

Till Next Time,

Squatch-D

In the past…

Okay gang, we’ve been working here very hard to dispel hoaxes and separate fact from fiction…

Some of the things in the past we’ve dispelled some myths that have hit television:

  • In the 1990’s A&E Ancient Mysteries documentary on Bigfoot, (hosted by the late and legendary Leonard Nimoy), longtime and respected (by myself included) Bigfoot researcher Henry Franzoni stated that “Ape Canyon,” was named after the 1924 Fred Beck incident, in which a group of hunters had rocks and boulders thrown upon their hunting cabin, resulting to Beck allegedly killing one of the creatures. In truth, “Ape Canyon,” was named after the “St. Helen’s Apes,” a youth collective (similar to the Boy Scouts) which used to explore, hike and frolic upon this canyon and discovered Ape Cave in the 1950’s, later named after their collective which had been organized in the 1880’s.
  • “Let’s get one thing clear straight-away: there have never been any apes in the Ape Caves. Sorry. The name comes from the first of Mount St. Helens’ four major eruptive stages and was bestowed upon the caves by an outdoor group called the Mount St. Helens Apes.”

                                                                                                    Source: http://www.wta.org/

beck

 

  • Dispelling an ABC news report in 2003, mixing up and combining the story of the Patterson Gimlin Film and the Ray Wallace Wooden Footprint find. In 2003 ABC news had reported that the Patterson Gimlin Film was a hoax because on his deathbed in 2002 he confessed to the film being fake. Completely misinformation. As a matter of fact, Wallace never admitted to ANY hoaxing. His family found a pair of “Stompers”", aka wooden Bigfoot feet in his shed after he passed away. Did he make the famous 1958 Jerry Crew tracks which coined the term “Bigfoot” up?  There seems to be a difference.

                              Green-Crew-Wallace2BCMpic

Right: The Jerry Crew Cast, Center: The Wallace Stomper, Left: Blue Creek Mountain Track

 

When looking at the three above it becomes apparent which one was a Wallace print and which one was not. Forensically it is easy to see, granted the stomper is a right foot and the track is a left. The sad news is in regards to the ABC news foul up, I received a response when I complained, that if they were wrong they would print a retraction, and despite sending them numerous references, they never followed up. So much for accuracy in the news.

Of course we don’t have time to correct all the inaccuracies that the media may kick out, but some of the major ones. we want to correct and do our best to uphold some semblance of truth before misnomers and lies do indeed become the truth.

This information needs to be repeated every so often because of the constant influx of new people.

Hence the reason why a hoaxer is allowed to dupe a whole other group of researchers for a second time, using an old Frank Hansen stunt. (Bodies and bringing a phony on tour is no sign of originality.)

“A lie gets half way around the world before the truth has a chance to get it’s pants on.”

                                                                                                                      – Winston Churchill


So why were people so angry at “Bigfoot Captured?”

Unlike Animal Planet’s Mermaid “Documentary,” and Megladon “Documentary” that appeared on Discovery Channel, at the beginning of this History Channel “documentary,” it clearly stated that some portions of the film have been “dramatized.”

bigfoot captured main

The captured “Bigfoot,” from the false documentary “Bigfoot Captured.”

Well I will explain why.

  • First:

          Dramatized:

                  verb (used with object), dramatized, dramatizing.

                           1. to put into a form suitable for acting on a stage.

                          2. to express or represent vividly, emotionally, or strikingly:

                  verb (used without object), dramatized, dramatizing.

                         3. to express oneself in a dramatic or exaggerated way.

                                                   Source: http://dictionary.reference.com/browse/dramatize

 

In this case I thing the director of the documentary got the word “dramatized”  with the word FICTIONALIZED.

 

         Fictionalized: 

                  verb (used with object), fictionalized, fictionalizing.

                               1. to make into fiction; give a somewhat imaginative or fictional version of.

                                               Source: http://dictionary.reference.com/browse/fictionalized?s=t

  • Second, the film isn’t clear what is documentary and what is an act. For example, is Kelly Shaw’s experience; made up or real? Many people think the former not the latter. If you ask him I am sure he will tell you different. And that’s just the first problem.

  • Third, people could misconstrue Dr. Meldrum’s or any of the real researchers part as fiction as well. Dr. Meldrum has publicly stated his distaste for the outcome of the production, and he is so very right in so much as when you sign on to do a documentary or program, what they tell you or what the outcome of production is, you have very little say. Sounds to me like they soft balled the pitch to him.

 

  • Fourth it causes the public to believe wrong things about this mystery. The confusion was so bad it forced Snopes.com to comment on it:

“While the program started with a brief disclaimer stating that Breaking History: Bigfoot Captured featured "some dramatization" and ended with credits listing various actors who pretended to be Bigfoot hunters, the episode was presented in documentary form and therefore fooled a number of viewers into believing that a Bigfoot creature had actually been captured during the process of filming.”

                                          Source: http://www.snopes.com/bigfoot-captured-history-channel/

    • Fifth, It puts all future documentaries in doubt. How would you like to put out a class A documentary and full of 100% source checked facts, only not to be believed or accused of faking stuff because of productions like this? I wouldn’t that’s for sure, but that’s what we’re up against now. 

     

    • Sixth and finally the dishonesty of the “documentary” continues even today on the show’s webpage do they lie by stating the following describing the program with a smear of dishonesty,  

    “Bigfoot is America’s most legendary creature, and has always inspired more questions than answers. Could something resembling a massive man-ape really be roaming forests and hiding in the shadows undetected? Whether you believe in Bigfoot or not, there’s something provocative about the idea that we could be living with an unseen monster. But what if one day we did more than catch a glimpse of one? What if we captured the creature? This two-hour special, compiled by a director who traveled the world looking for proof Bigfoot actually exists, takes an unexpected turn when a Sasquatch capture is caught on camera. What happens when what most of us think is fiction becomes fact? And what does it mean for us all if the creature really is out there.”

                                                     Source:http://www.history.com/shows/bigfoot-captured/about

     

     

    No disclaimer on the site of any “dramatization.”

    The Center for Media and Social Impact describes itself as,

    “…an innovation incubator and research center that creates, studies, and showcases media for social impact. Focusing on independent, documentary and public media, the Center bridges boundaries between scholars, producers and communication practitioners across media production, media impact, public policy, and audience engagement.”

                                                                                   Source: http://www.cmsimpact.org/about-us

     

    What they say in one of their surveys about documentaries put out to filmmakers recently is not surprising,

     

    “At the same time, many of the filmmakers surveyed spoke of commercial pressures, particularly in the cable business, to make decisions they believed to be unethical. The trend towards faster and cheaper documentaries and the “assembly line” nature of work has proven challenging to filmmakers’ understanding of their obligations to subjects in particular. They also blurred the line between traditional documentary, reality, and hybrid forms. These developments often troubled documentarians…Filmmakers also face pressure to inflate drama or character conflict and to create drama where no natural drama exists. They may be encouraged to alter the story to pump up the excitement, the conflict, or the danger.”

                        Source: http://www.cmsimpact.org/making-your-media-matter/documents/best-practices/honest-truths-documentary-filmmakers-ethical-chall

     

    It is very obvious there is no easy solution as reality television, which includes documentaries evolves. Let us hope this hybrid type dies a quick death. We all thought it did a couple of years ago with those prior phony documentaries, but it once again reared its head with one twist: This time it used real people to foster their “dramatization.”

     


    And finally… another LNP slip?

    We recently outlined some of the problematic things with Linda Sue’s (Linda Newton-Perry aka Ms. Sparkles) “Miller Document,” indicative of many of her other hoaxes: For example,

    • “ESP’s” Bigfoot pic which they named, “Big Clyde.” Clyde was the name of the Orangutan in Clint Eastwood’s “Every Which Way But Loose” and “Every Which Way You Can.” Strangely when we found the actual people LNP was using pics for as the “ESP” team, they tended to a bull by the name of “Big Jake.”

    bigjake008_fs_fs

    • The ESP member Hank Parchell. In the first picture put out by the ESP Team it was easily identified as an inverted photo cap of the Bigfoot used in the 1977 movie, “Sasquatch, The Legend of Bigfoot.” In that movie there was a character named Hank Parshall.

     

     Parshall

     

      4516141

     

     

     

     

     

     

    Thanks to one of my Facebook friends, Carson Hopper, we now may know LNP got some of her names..

                       00323524935-368-k752045

    Left: A calling to her alleged “posters” for help to verify claims. On right

    In the past especially with her ESP Team and Big Clyde/Sasquatch:Legend of Bigfoot debacles where LNP plead help from “Bill Emery’s” friend “Marcy” for help Here was see LNP asking help by these otherwise anonymous folks, for help regarding he Miller / Wentworth scam.

    Well here’s the synopsis of “A Year of Novembers.”

     

    yon

    The protagonist of this self published author, (the Perry’s are also self published) is named Sophia Alcaster.

    Well it seems LNP is sticking to her patterns or just yet another coincidence that seems to keep popping up around all things Bigfoot Ballyhoo. We should call it, “Bigfoot Baloneyhoo.” We’ll keep digging and letting you know more here!!!

    Till Next Time,

    Squatch-D

    Yep it’s been a while. That’s because it’s summer and I tend to work a lot, and this year had the added bonus of a couple of new events.

    We did a preliminary scout on a piece of private property and several years of experiences by a family. So this month we go full tilt on the investigation so stay tuned!

    Just recently we have just turned up another case in Vermont!


    Things that go bump in the night!

    First was the Boonies International Film Festival in Warren, Pa., where a documentary I was featured in debuted.

     

    IMG_3089IveSeenBigfoot_sm

    From left to right: Peter Weimer, Steve Kulls, Mark Robineault, Joseph Glarner

    The documentary, I’ve Seen Bigfoot, debuted to a great crowd, on both the sneak peek night at the Alleghany Outfitters and at the Struthers Library Theater in Warren.

    CaptureMe on the big screen and in Hi-Def with a Dolby Sound system.  

     

    The film was from the witnesses’ perspective and is not your typical “debate” documentary. The soundtrack made the film was awesome and at times it makes you feel the palpable nervousness of some of the witnesses.

    It will debuting on DVD and Blu-Ray and available for purchase at the Chautauqua Lake Bigfoot Expo October 24th, 2015. 


    Things that go bump in the night, part two!

    Next stop on the summer tour, was ScareFest8 in Lexington, Kentucky, where yours truly was honored to be a speaker on my favorite topic of Sasquatch. It’s always great to speak to folks who aren’t in “the know” as many of us are or may not follow the topic as closely as some.

     11988714_10204801230135638_2902370799162104406_n11988493_10153574122840979_7628607115923060484_n

    Great turnout for the “Bigfoot: Before Your Eyes” presentation I gave at ScareFest8.

     

    It was nice having all seats filled and a few on the floor in back, knowing there were three other presentations going on at the same time. This shows, despite what we may think as the Bigfoot research community, the general public is still hungry for the topic.

      11052465_10153572082855979_6575991299587565300_n11140064_10153571386805979_6458329688485896291_n11998934_10153576284740979_2196340024035375431_n

    From left to right: With Fact or Faked’s Ben Hansen, with Expedition Unknown’s Josh Gates and finally at the booth just prior to opening the doors on the last day.

    I did get to catch Ben Hansen’s presentation. He’s the former FBI agent that heads up the team on SyFy’s Fact or Faked: The Paranormal Files. He spoke about profiling hoaxers and hoaxing.

    Ben also ended his presentation about body language and facial expressions and how it would appear our President may have been fibbing or holding back when asked about UFO’s on the Jimmy Kimmel show. Fascinating stuff!

    I enjoyed my conversations with Ben, and also a couple with Josh Gates from The Travel Channel’s: Expedition Unknown.

    For those who know me well enough, I am also a Co-founder of a Paranormal group, and of course at the conclusion of ScareFest8 on Sunday we were treated to an impromptu one hour investigation to Bobby Mackey’s Music World.


    Memory Lane…

    Before the return home I took a quick detour to an old site famous site. A drive by the site of the Erickson Project in Kentucky, where the infamous “pancake eater” video came from.

    Details of exact location of course will be omitted. And the pictures have been altered to avoid any direct connection to the actual property.

    The house no longer looks like a research project house, but was a little surprised to see the old trailer still there. It now has the appearance of a quaint country home. Out of respect for the owners, I didn’t get out and knock, nor walk around and gawk. Just a quick two drivebys.

    Copycopy2

    100_1352100_1359

    Of course the original owners the property claimed after they sold the property to Mr. Erickson’s property company, that the Sasquatch followed them to their new house, and were trying to get researchers to pay up for some action there, unbeknownst to Mr. Erickson via their cousin, who coincidentally tried calling a research colleague of mine, with offers when the “Erickson Project” film was trying to be released. Oh what a tangled web.


    A slight change of pace…

    If you’ve noticed a change of pace in me the past couple of years its for good reason. There has been tons of negativity in the research community over the last year. It seems when people don’t have a DNA project to kick around, someone claiming to shoot a Sasquatch or two, a buffoon yelling for Snapple, or a dope tripping over his own two feet because he’s wearing cowboy boots, and for that matter some crazy lady that looks like the “Marge” character on meth there seems to be a battle between critical thinking, the Paranormalists (aka Woo) and flesh & blood folk.

    So here is some truth and parody…

    Stinking Thinking

    See the critical thinkers, think so much they find fault with everything so nothing is real and EVERYTHING gets shot down. These are the same folks that say we need science, but when science is applied, suddenly opinion takes precedence. Let’s change it to what it is…scofticism.

    I get not seeing Jesus in the grilled cheese sandwich…I just don’t get all the casual dismissals. How bout some critical thinking on critical thinking. I think that would be in order. Or at least some critical thinking, on how to fix critical thinking from becoming the exact opposite of critical thinking. Don’t ya think?

    On a serious note,  you CAN be a critical thinker without being a skeptic. Hell I always do that on investigations and analysis. It’s called keeping an open mind. It’s to the point though that people are infiltrating groups where they do not belong…example scoftics with the critical thinkers. And then the defense is, “oh it’s just critical thinking.” No it’s not critical thinking, its scofticism and its bullshit in many cases.

    Moderation folks…moderation and it needs to be combined with an open mind, fairness and even at times compassion.  

    NEXT…

    Pardon me boys..is that the Chattanooga Woo Woo?

    The “Woo” folks think so much they’ve come up with creative ways to say they’ve seen Bigfoot, or explain that why us super intelligent beings we are can’t catch a Sasquatch. (Obviously they are a super race more smart, cultured and empathic, though for some reason they smell bad, write and exchange gifts like second graders and don’t wear underpants!).

    I still have to keep an open mind… I mean I run a ghost group too, I guess if it was a ghost of a Sasquatch, I’d be more understanding. But ITS NOT.

    The Worlds according to Woo, it’s either a Bigfoot that has a  portal , wormhole, cloaks etc. or hitches a ride with a UFO. Not that I don’t believe in UFO’s, I just don’t believe they’re connected.

    The  Bigfoot-UFO folks don’t necessarily agree with the Woo folks where Biggie cloaks out or checks out in the wormhole, portal or maybe even HG Well’s Time Machine itself.

    This reads almost better than a Sasquatch braiding horse hair on a ranch in Texas which may come in a close second. Seriously folks, let’s look up Elf Knots, Fairy Braiding, Devil’s knots… read it here.

    NEXT…

    Keeping Score without a scorekeeper…

    There is so many folks who don’t like certain other folks I am beginning to forget what folks that don’t like me. Sometime the folks that don’t like me, like folks that like me, that may not necessarily know that folks like me like them. Those folks usually end up liking me and disliking the folks that dislike me. Is that an oxymoron? You folks tell me.

    Usually it’s the hoaxer folks that don’t like me… that’s okay. I try not to dislike any folks, except the hoaxer folks, and its not that I dislike folks of that sort, I just want nothing to do with those folks on a regular basis or any basis for that matter.

     

    Here’s some people that do not like me… (They used to be the “A-String”)

     

                           Image result for sylvanic bigfoot hoax

    On that note….these Bigfoots don’t like me either…

     

               Image result for todd standing looking stupid

    But for that matter, I don’t like those Bigfoots (Bigfoot, Sasquatch, Sasquatchesis whatever, either!

     
    Finally…

    Lighten up everyone. We’re in this for the fun of it. Make a resolution to patch up a lost friend by the end of the year. Life is way too short to have such a wonderful avocation turn into a battle-royal everyday.

    None of this was meant to offend just offer a chuckle, perhaps change a thought process a bit…so everyone have a great day and good health!!!

     

    Till Next Time,

    Squatch-D

    On January 21st, 2015 Yoghita Patel of the Wall Street Journal penned an article that she claimed was going to be one thing, but turned out to be something completely different.

    Essentially the article became a fluff piece for none other than Carmine “Tom” Biscardi and profiled his new company, Bigfoot Project Investments, Inc. It did cover some criticisms of Biscardi but I believe it’s a fluff piece because it left out the evidence and discoveries.

    BN-GN441_BIGFOO_M_20150120161959

    Tom Biscardi on Bigfoot Black Friday – Teeth comparison perhaps. (Credit: Reuters)

    I was personally involved in speaking at length with Yoghita, at her request. Forwarded documents. Apparently her editors must have been afraid to tell you what she found out and what I am about to here.

    See the gist of the WSJ article, was covering Biscardi’s new company (however old schtick to us that have watched his hijinks over the decades) and his SEC filing to have a public offering for his new company.

    To this effort, I applaud Biscardi, because it now lifts a big veil of secrecy behind his efforts finances.


    Getting involved…

    I was first contacted by William Allen Barnes about getting in contact with Yoghita in late 2013. He claimed she was doing a piece on Biscardi, but was also going to offer an alternative to Biscardi, in the Falcon Project and how his fund raising efforts differed from that of Biscardi.

    He explained to Yoghita if anyone knew some insight to Biscardi it would be me.

    We spoke and corresponded for almost a year on the article, and it appeared a lot of time was being spent on it.

    Biscardi – Nilsen Connection

    In late 2007 through 2009, Real Estate mogul, David Nilsen after initially contributing $50,000 as an investment into Searching For Bigfoot, became the company’s CFO.

    Cedar

    David Nilsen and the now very defunct Cedar Properties (Source: Squatchdetective.com)

    Nilsen later was indicted in late 2009, and subsequently jailed in 2012 with an 8 year sentence for a Ponzi Scheme involving his Real Estate investment company.

    8378847_orig

    Nilsen’s indictment charges. (Source: Squatchdetective.com)

    A question I pondered in my freshman book, “50 Large,” how much of Cedar’s monies, if any, got shuffled over to SFBI?

    After much time going over Biscardi’s Georgia fiasco, with Yoghita, we came to the meat of the matter. I described my concerns since Nilsen was the CFO of SFBI at the time.

    Since Biscardi was the CEO and majority shareholder at SFBI it would have been impossible for him to have not known about the monies, and given the fact that long time Biscardi cling on, Dennis Kazabouski was still involved as a controller in SFBI.

    Coincidentally, the new company, Kazabouski just was assigned as temporary controller due to the immediate resignation of Sara Reynolds, filed with the SEC in March 2015.

    Sara Reynolds

    ADDRESS WITHHELD

    Bigfoot Project Investments Inc.

    Dear Board of Directors and Officers:

    It is with regret that I tender my resignation from Bigfoot Project Investments Ins board of directors and CFO/Secretary/Treasurer, effective immediately.

    I am grateful for having had the opportunity to serve on the board of this fine organization from the beginning and I offer my best wishes for its continued success.

    Sincerely,

    Sara Reynolds

    Source: http://www.sec.gov/Archives/edgar/data/1569568/000107878215000426/f8k032415_ex99z2.htm

    In April of 2014 I received a call from Yoghita and she seemed quite pleased  that my intuition was correct. She claimed she had contacted the Cedar Funding Bankruptcy Trustee, and discovered there were payments to SFBI shortly before Cedar’s demise in the amount of around $250K.  (Maybe my next book should be “250 Large!”)

    money

    Will the next book be “250 Large?”

    This also goes in tandem with Biscardi and Nilsen starting a short lived foreign corporation called New Limited Concept, Inc. in June 2010, after Nilsen’s indictment. Foreign corporation?

     


    On anther note: Bigfoot Project Investments Inc. And their worth is…

    Over at the Hall of Shame, and in “50 Large“, we’ve featured the 2008 SFBI Business plan which lists itself as and Entertainment company. Likewise, Bigfoot Project Investments, Inc. lists itself as a Movie Distribution company.

    In January 2013, SFBI no longer became an independent company, but “bought out” by the new company for $924K by issuing a promissory note and issuing over 4 million shares of the new company’s stock, valued at $0.10 a share.

    As part of the asset transfer agreement Bigfoot Project Investments, Inc. received the following assets:

    Footprint cast of Bigfoot – 73 original casts

    Photographs of Dead Creature from Strickler, Arkansas 1994 Dear Creature Incident

    109-inch Skeleton

    Various Media Artifacts – Video TV News Media – 52 news stories

    Contract to sell Dinosaur fossil – most recent estimate by Paleontologist $1.2 million dollars

    Rubber suit from 2008 hoax

    Various DNA samples – Hair, and nails

    License to use 6 dinosaur displays

    Exclusive rights to the Bigfoot Website

    Exclusive rights to the Bigfoot Live Radio Show

    Exclusive rights to the Bigfoot Live Radio Show Website

    360 hours of raw footage from expeditions for movie development

    Various DVD Movies and Documentary film projects

    Exclusive rights to all current contracts negotiated under Searching For Bigfoot, Inc.

    The above list is a complete list of the fixed assets for Bigfoot Project Investments, Inc.

    Source: http://www.sec.gov/Archives/edgar/data/1569568/000107878215000426/f8k032415_8k.htm

    It was apparently obvious that they were using the template from the SFBI business plan, and not so descriptive, as we all now the descriptions in the original plan were inflated and filled with misrepresentations. Of course it looked good when trying to show potential investors especially when you valuate your materials at over … $17 Million Dollars.

    5212962_orig

    The 2008 SFBI Business plan asset list.

    What I do find a bit “odd” is that none of their equipment, i.e. night vision gear, Thermal Imager, Talon Net system (which never worked), parabolic mics, camping equipment. All of which is NOT listed on their asset list either then or now.

    According to SFBI former veep, Robert “Javabob” Schmalzbach, they never disturbed the skeleton, only removing a small sample. Why is it on their inventory sheet now?

    The contract to sell a dinosaur fossil? That contract is now over seven years old if it hasn’t been rescinded yet. The original agreement stated that Biscardi had to sell the fossil for no less than $5 million.

    After collecting over $700,000 under the guise of SFBI, through 2008, gone now is the goal of establishing museums. I am unsure of the amounts collected for Museums through 2013 when they became a non-independent entity.

    Also on the list of assets, is the Rubber Suit from the 2008 Georgia Hoax. Wow, there’s an asset. Remember the one that Joshua P. Warren tried to sell on EBay for investor Bill Lett? Lett states Warren contacted him, but we all know who gave him Bill’s phone number. After all Biscardi had been on as a guest on Warren’s radio show a few times. The connection was quite clear.

    In 2008 you claim 17 mil in assets.

    In 2013 you pay $924K for SFBI.

    Two years later this is what the new company claims its assets are:

    Assets

    Source: http://www.sec.gov/Archives/edgar/data/1569568/000107878215000426/f8k032415_8k.htm

    Less than $8000 and only $2300 is in cash.

    Their liabilities are inflated due to the buyout of the SFBI investors which they’re still on the hook for:

    Liabilities

    Liabilities2

    Source: http://www.sec.gov/Archives/edgar/data/1569568/000107878215000426/f8k032415_8k.htm

    Of course Angel Investor money keeps dribbling in making the amount of deficit even greater:

    Shareholder Advances

    Source: http://www.sec.gov/Archives/edgar/data/1569568/000107878215000426/f8k032415_8k.htm

    Obviously, Stagecoach, Nevada 2005 and Georgia 2008 took a huge hit to him. Morgan Matthews movie, “Shooting Bigfoot,” certainly didn’t endear Biscardi to anyone except maybe to the people who make Snapple.

    angry-tom

    Source: Shooting Bigfoot

    The company’s two year cash flow has been,

    FLow1

    Source: http://www.sec.gov/Archives/edgar/data/1569568/000107878215000426/f8k032415_8k.htm

    Kudos and salutations! The number’s don’t lie.

    Till Next Time!!!

    Squatch-D

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