Home » Tom DeLonge’s UFO Organization Has a $37.4 Million Deficit

Tom DeLonge’s UFO Organization Has a $37.4 Million Deficit

by Alien UFO Sightings
0 comment

A recent filing with the SEC from To the Stars Academy “raise doubts about the company’s ability to continue.”

To the Stars Academy of Arts and Sciences, an organization co-founded by former Blink-182 frontman Tom DeLonge to study UFOs and other “mysteries of the universe,” may be on the verge of collapse.

According to a biannual financial report filed with the Securities and Exchange Commission (SEC) last month, the company has accumulated a $37.4 million deficit and “these factors raise doubt about the company’s ability to continue as a going concern.” The financial document was first reported by Ars Technica.

To the Stars hired a number of ex-government officials from agencies such as the CIA and NASA, as well as industry officials who had worked on secret corporate aerospace programs, but its plans to generate revenue were less successful.

In September 2017, the company began selling $50 million worth of stock to fund its operations, and its website claims to have a total of 2,547 investors. According to the SEC filing, however, To the Stars has only sold a little over $1 million worth of stock to date. This was part of a Regulation A+ equity crowdfunding campaign, a new type of crowdfunding that became legal in 2015. Because it has public, non accredited investors, To the Stars is required to file financial reports with the SEC.

The company has managed to rack up a $37.4 million deficit, much of which was accumulated in 2017. According to the SEC filing, as of last June, To the Stars only had $129,000 in cash, but plans to continue operations for at least another year by selling more stock.

DeLonge founded To the Stars in 2014 as a media and entertainment company that specialized in books and entertainment media about UFOs and other unexplained phenomenon. In 2016, DeLonge launched “Sekret Machines,” a multimedia project involving films, music, and books that was under the To the Stars umbrella. The first book in that series, Chasing Shadows, was published the same year.

In 2017, To the Stars became the “entertainment division” of a larger holding company called To the Stars Academy of Arts and Sciences, which wholly owns To the Stars. In addition to producing entertainment products, this larger company would also participate in the investigation of UFOs and other fringe science projects.

When To the Stars began selling its $50 million worth of stock in September 2017, it published a circular that detailed the risks of the company’s business so investors could make an informed decision about whether to put money into the company. Among risks listed by the company include the failure of beamed energy propulsion launch systems, potential problems arising with researching telepathy on human subjects, and the fact that many of the technologies or phenomena being researched by the company are based on highly speculative theories that toe the line of pseudoscience.

That circular also noted that share prices were “arbitrarily set by the company and the valuation is high. Valuations for companies at this stage are generally purely speculative, and even more so in our case.” The company also said that it has to pay DeLonge and several other companies and entities a minimum of $100,000 each in royalties per year, regardless of whether it has sold anything or not.

“We are considering projects that are cutting-edge or extremely speculative, with many unknowns,” the company wrote. “Even with adequate funding, we may fail to produce a commercially viable product.” To the Stars did not immediately return a request for comment from Motherboard.

Despite To the Stars’ money troubles and its unorthodox research agenda, the SEC document cites a few successes over the past year, namely: it launched a website, took meetings with “strategic partners, including the U.S. government,” released a novel, and “prepared to launch the ADAM research project to investigate materials relevant to its future plans in Space Time Metric Engineering.”

This last project is meant to investigate the nature and origin of exotic materials that are claimed to have come from UFOs and are supposedly being stockpiled in a warehouse in Nevada. To this end, To the Stars partnered with EarthTech, a research firm connected to the Institute for Advanced Studies in Austin, Texas. These research labs were founded in the mid-80s by Harold Puthoff, who formerly directed a CIA investigation into paranormal abilities.

According to the filing, To the Stars entered into an agreement with EarthTech in August to work on both materials analysis and “beamed energy propulsion launch systems.” This is related to the organization’s goals of working on space time metric engineering, this is a theoretical form of advanced propulsion that would allow for faster than light travel. It has previously been investigated by some members of the NASA team trying to build an Em-Drive.

Unfortunately for DeLonge and his collaborators, their hopes of researching exotic propulsion and extraterrestrial material science may be dead in the water unless they can figure out a way to raise capital for their efforts.

Do you believe in alien life and/or UFOs? Follow us on FACEBOOK, TWITTERINSTAGRAM! 


Correction: The original story mis-characterized To the Stars’ deficit as debt. Unlike debt, which involves borrowing money, deficit is spending more money than you bring in with revenue. In this case, To the Stars spent $37.4 million more than they brought in with revenue. Motherboard regrets the error.

Source www.vice.com

  • Bitcoin
  • Ethereum
  • Xrp
  • Bitcoin cash
  • Bitcoin sv
  • Litecoin
  • Tether
  • Binance coin
  • Tezos
  • Cardano
  • Dash
  • Monero
  • Stellar
  • Ethereum classic
Scan to Donate Bitcoin to bc1qplharv5kz9u04fazvfcwg55zpzx3hk2se7uj64

Donate Bitcoin to Alien UFO Sightings

Scan the QR code or copy the address below into your wallet to send some Bitcoin

Tag/Note:- Alien UFO Sightings
Scan to Donate Ethereum to 0x5C1fbd512386420156aBF7C38Fa80e402DE42e96

Donate Ethereum to Alien UFO Sightings

Scan the QR code or copy the address below into your wallet to send some Ethereum

Tag/Note:- Alien UFO Sightings
Scan to Donate Xrp to r4dXn7DVK1V9AM99jqNdecZG5Mh4hXsnSk

Donate Xrp to Alien UFO Sightings

Scan the QR code or copy the address below into your wallet to send some Xrp

Tag/Note:- Alien UFO Sightings
Scan to Donate Bitcoin cash to qrha85n6253vpcyew0yn9fgj38j6asgdkc0caed3cm

Donate Bitcoin cash to Alien UFO Sightings

Scan the QR code or copy the address below into your wallet to send some Bitcoin cash

Tag/Note:- Alien UFO Sightings
Scan to Donate Bitcoin sv to 1LNrCdVkHwi2Xrf5br9YUF63ACW5uUg19R

Donate Bitcoin sv to Alien UFO Sightings

Scan the QR code or copy the address below into your wallet to send some Bitcoin sv

Tag/Note:- Alien UFO Sightings
Scan to Donate Litecoin to LfVdNCJtm4qRLiQZkC2RXhJpCemaR83JvL

Donate Litecoin to Alien UFO Sightings

Scan the QR code or copy the address below into your wallet to send some Litecoin

Tag/Note:- Alien UFO Sightings
Scan to Donate Tether to 0x5C1fbd512386420156aBF7C38Fa80e402DE42e96

Donate Tether to Alien UFO Sightings

Scan the QR code or copy the address below into your wallet to send some Tether

Tag/Note:- Alien UFO Sightings
Scan to Donate Binance coin to bnb1qv88k2ln6wgsvh2k58uramg642j6zrhs864znz

Donate Binance coin to Alien UFO Sightings

Scan the QR code or copy the address below into your wallet to send some Binance coin

Tag/Note:- Alien UFO Sightings
Scan to Donate Tezos to tz1bjRzegVEDPTNjXGPCrTDcpbWr44puKFgZ

Donate Tezos to Alien UFO Sightings

Scan the QR code or copy the address below into your wallet to send some Tezos

Tag/Note:- Alien UFO Sightings
Scan to Donate Cardano to Ae2tdPwUPEZBpBkPdrULnszfNYCwocSH7maBFJHwpW3WeReVWE5rY9e4tkk

Donate Cardano to Alien UFO Sightings

Scan the QR code or copy the address below into your wallet to send some Cardano

Tag/Note:- Alien UFO Sightings
Scan to Donate Dash to XgQjywvEGtAjpKTqNUwG7Yi2e6ZVebggqW

Donate Dash to Alien UFO Sightings

Scan the QR code or copy the address below into your wallet to send some Dash

Tag/Note:- Alien UFO Sightings
Scan to Donate Monero to 46PbxkRRNFxXcW9S5T9BJm4xHDvwKUTqRT2Lcmc6JeVHYuZa6TT5NhPN7bMyxwLxaFazGYB1qyFbUGhVT9Ty8wfpMNCwuQD

Donate Monero to Alien UFO Sightings

Scan the QR code or copy the address below into your wallet to send some Monero

Tag/Note:- Alien UFO Sightings
Scan to Donate Stellar to GAIENC3BCJQMFNWQSYWOUNYPWXWZHWY4XDLHRKO6VMCLFBVROZSVXBKB

Donate Stellar to Alien UFO Sightings

Scan the QR code or copy the address below into your wallet to send some Stellar

Tag/Note:- Alien UFO Sightings
Scan to Donate Ethereum classic to 0x98257f4D233c42f2e0b30cECF0a8e4700D51CB51

Donate Ethereum classic to Alien UFO Sightings

Scan the QR code or copy the address below into your wallet to send some Ethereum classic

Tag/Note:- Alien UFO Sightings

CRYPTO CARD WITH UP TO 5% CASH 💰 BACK

PLUS, $50 FREE WHEN YOU STAKE 50 MCO COINS AND (DEPENDING ON THE CARD) FREE SPOTIFY, NETFLIX AND AMAZON PRIME EVERY MONTH!!

Join our list

Subscribe to our mailing list and get interesting stuff and updates to your email inbox.

Thank you for subscribing.

Something went wrong.

You may also like

Leave a Reply

Tom DeLonge’s UFO Organization Has a $37.4 Million Deficit

 
Share
%d bloggers like this: