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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 $37.4 million in debt 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.

I guess so. ;-) To read more, click here.

Category: Weird Desk