Former Blink-182 Guitarist UFO Hunting Company In Trouble

Tom DeLonge, former guitarist for Blink 182, wrote in a now deleted Instagram post that his UFO seeking company, To The Stars, is $37 million in debt. DeLonge has since deleted the Instagram post saying that the $37 million is not DEBT but instead deficit due to stockholders' equity. 

Loudwire posted the original statement before it was removed saying that "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. We have an accumulated deficit at June 30, 2018 of $37,432,000. We expect to incur substantial expenses and generate continued operating losses until we generate revenues sufficient to meet our obligations. Thus, until we can generate sufficient cash flows to fund operations, we are dependent on raising additional capital through debt and/or equity transactions. At June 30, 2018, the company had cash of $129,534." 

About one year ago DeLonge's company posted a video claiming that it was extra terrestrial life. 

Neil DeGrasse Tyson ripped the video to shreds, telling DeLonge to "Call me when you have a dinner invite from an alien," adding that "The evidence is so paltry for aliens to visit Earth, I have no further interest. Let other people who care go ahead, and then when you finally find some aliens bring them into Times Square.”

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