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Tom DeLonge Calls Report on UFO Research Firm's $37 Million Deficit a 'Blatant Lie' Article Link: https://www.billboard.com/articles/news/8480161/tom-delonge-ufo-research-firm-37-million-deficit-blatant-lie Tom DeLonge speaks onstage at A Conversation With Tom DeLonge at The Grammy Museum on Oct. 13, 2015 in Los Angeles. Tom DeLonge is setting the record straight on a report published by\xa0Ars Technica\xa0on Monday (Oct. 15). The article claimed that the Blink-182 frontman's UFO research organization,\xa0To The Stars Academy of Arts and Science, has accumulated\xa0a $37,432,000 deficit\xa0according to a mid-year\xa0SEC filing.\xa0 DeLonge\xa0took to Instagram to quickly shut down what he called a "blatant lie."\xa0"APPARENTLY, THIS WRITER CAN\u2019T READ," he wrote. "BTW- TTSA never even raised $37m!!? So how in the hell did we spend it?! Lord. I ask all of you that believe in the\xa0@tothestarsacademy mission to go write a complaint on their website RIGHT NOW for trying to hurt an admirable effort to help humanity by using negative attacks and\u2014-> lies."\xa0 \xa0 "The approximate $37 million stockholders\u2019 deficit is NOT DEBT as he characterized it but is attributable to stock-based compensation expense. IT IS NOT RELATED TO THE OPERATIONAL RESULTS OF THE COMPANY." 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.\xa0 TTSA SEC FILLING NOTE 2 \u2013 GOING CONCERN The accompanying financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The Company has incurred losses from operations and has an accumulated deficit at June 30, 2018 of $37,432,000. These factors raise doubt about the Company\u2019s ability to continue as a going concern. Show Stuff TeePublic Store - Get your UBR goodies today! http://tee.pub/lic/2GQuXxn79dg UBR Trurh Seekers Facebook Group:\xa0https://www.facebook.com/groups/216706068856746 Manny Moonraker:\xa0https://www.facebook.com/MannyMoonraker/ UFO Buster Radio:\xa0https://www.facebook.com/UFOBusterRadio YouTube Channel: https://www.youtube.com/channel/UCggl8-aPBDo7wXJQ43TiluA Google Plus Manny\u2019s Updated Google+ Profile:\xa0https://plus.google.com/u/0/+MannyMoonraker To contact Manny:\xa0manny@ufobusterradio.com, or on Twitter @ufobusterradio\xa0 Call the show anytime at (972) 290-1329 and leave us a message with your point of view, UFO sighting, and ghostly experiences or join the discussion on\xa0www.ufobusterradio.com For Skype Users: bosscrawler