The SingleBarbed IPO, not worthy of Morgan Stanley, more Captain Morgan material

Wait, you haven't seen the Media Kit yet... Ever sensitive to how the fisheries will be apportioned out, what with the advent of sanctuaries, lotteries, and moratoriums, a couple of entrepreneurs from Maine have hatched a more novel scheme.

Pass the risk to the consumer.

For $2,995 per year, customers buy the rights to all the lobsters caught in a designated trap off the rocky Maine coast – at least 40 crustaceans a season, probably more – and have them shipped whenever and wherever they want.” 

A couple of things occur to me off the bat, and while I applaud the scheme, the immediate question is, “how much extra to move my trap away from the sewage outflow nozzle, and if I buy one as a gift – can I order ‘double estrogen’ on my pals trap?”

Being on the SingleBarbed gift list may be a bad thing…

Can we extend this concept to our own fishing? I’m envisioning the sales pitch over dinner:

“Well dear, as you know you’ve already a significant investment in my fishing tackle and fly tying materials, to be fair I thought to cut you in on the profits. I see the occasional ‘Catch & Release’ blueline trip as a ‘pro bono’ affair, but that’ll be offset by numerous trips where I thump the fish of your choosing, and you can pick certain dates for delivery.

I’m thinking of an IPO of … say … 1000 shares, valued on the basis of my expertise and tackle collection, what say you to …um… $12.00 a share?

I have a media kit for your perusal, showing … What’s so Goddamn Funny?”

I don’t know how you’ll fare, but that’s what I expect from my financial partner.

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