For those readers who think they've seen it all - welcome to the world of algae, more particularly, the breed of Lake Eerie (Anabaena) which is on the brink of an initial public offering of 200 million shares on the Nasdaq Exchange under the stock symbol ALG. And it gets better. Many of the world's top business advisers have pledged their public support for the deal, including Ernst & Young LLP director of market development for online consulting Brian Baum. 'For every company that has a successful IPO, there are ten others that flop,' he is quoted as having said. 'But blue-green algae has a history of steady nitrogen production, as well as a very strong relationship with fungi, an environmental power player with whom it produces many common lichens. With the number of living organisms on the planet rising every day, the demand for Anabaena's many products and by-products should grow.' TS suspects much head-scratching as people try to work out what this is all about. But help is at hand. The story is posted on the website of US jokers, The Onion. Even so Baum does exist and should be applauded for his public backing of algae (or his sense of humour).
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