Blink-182 [ARCHIVED] Band • Page 221

So the cynic side of me just went into overdrive looking at these other career professionals on the team... I can't help but wonder if they're preying on Tom's naivety and this is one big scam leveraging Tom as a figurehead to fleece him and thousands of fans.

 

I think this is another elaborate scheme to just steal a bunch of peoples' money again (Modlife).

That Instagram post confused me more than it helped in knowing what he is doing. I assume the website is even worse?

 

Invest
Minimum Investment: $200.00
Price Per Share: $5.00
Type of Share: Regular

 

That DaVinci one doesn't. You've proved yourself wrong! haha

 

That's the crux of why I find all this ... sketchy as shit ... it's so god damn incoherently written, all of it, that it makes Nigerian Prince Emails seem more reliably legit.

 

Weird, the google search did when I copy pasted from.

The other one actually goes by "DaVinci Academy of Science and the Arts" I guess, which makes more sense.

 

This whole To The Stars Academy thing has reminded me of one of my favorite Flight of The Conchords scenes.

 

Also, I looked around a little and can't find how they priced the stock, how many outstanding shares there are, how many they are offering ... or any financials on the company itself/largest shareholders/how many/current funds/balance sheet or even the fucking bare minimum I'd want before investing.

 

ooh boy. tom is in a weird place.

 

Donald Trump is Preaident of the United States, Nazis are marching the streets, and Tom Delonge might be the push to expose the truth on aliens. You can’t write this shit!!!

 

Ok, I found some information:

https://to-the-stars-web-assets.s3....TTSA_Offering_Circular_092917_vLAUNCH_DAY.pdf

This is one of the worst investment "opportunities" I've ever seen and I've seen some very, very, very bad pitches in my day.

 

Not even these are this sketchy.

 

We would be damaged by the death, incapacity, departure, or damage to the reputation of principal investor/key man Tom DeLonge. We currently depend on the continued services of Tom DeLonge. Mr. DeLonge further provides marketing and promotional opportunities in his professional capacity as a musician and celebrity. The loss or departure of Mr. DeLonge could disrupt our operations and have an adverse effect on our business.

And ...

Beamed energy propulsion launch systems. This project has been proposed in academic papers, as have the potential risks, which include:
o beam director failure;
o beam instability due to weather conditions;
o degradation or failure of command and control;
o insufficient power to reach altitude;
o failure of beam director, optical, electronic, or mechanical components;
o unexpected bird strikes;
o regulatory issues with the FAA with regards to altitudes above 2,000 feet; and o problems in acquiring an adequate test site or electrical power.

 

Engineering the space-time metric. This technology is in the very early stages, and success depends on a yet to be defined breakthrough in propulsion to enable traveling to the stars at near light speed.

..... what ... what the fuck is happening ....

Telepathy. Research into telepathy may require scientific testing on persons, which will expose the company to different risk factors than its other proposed projects.

 

The only company ever that is looking into "Telepathy" ... and using their "entertainment" division to make all the money?

Our Entertainment Division, which is the only part of the company currently producing revenues, has a concentration risk from a third-party provider for which accumulates revenues and royalties due to TTS primarily through digital sales of its music products and then remits the monies collected to TTS.

 

Brb calling my financial advisor

 

We expect to raise additional capital through equity offerings and to provide employees with equity incentives. Therefore, your interest in the company is likely to continue to be diluted. We may offer additional shares of our stock and/or other classes of equity or debt, which would dilute the ownership percentage of investors in this offering. Additional fundraising in the future may be offered at a lower valuation, which would dilute the interest of investors in this offering.

This is a fucking horrible deal. Anyone that watched The Social Network movie should know how shitty. Hah.

 

Under a Licensing Agreement, we are required to pay royalty payments to Tom DeLonge, Mr. Handsome, LLC, and Good In Bed Music, ASCAP (see “Intellectual Property”, “Liquidity and Capital Resources”, and “Interest of Management and Others in Certain Transactions”). If total royalty payments in any given calendar year are less than $100,000, we have agreed to pay any shortfall such that the annual minimum royalty paid under the Licensing Agreement will be $100,000. This means that we will have to pay this amount even when we have limited revenues, and this could materially reduce our earnings in any year. Failure to pay the minimum royalty guarantee could lead to termination of the Licensing Agreement, and termination of the Licensing Agreement could result in legal and financial harm to the company.

Holy fuck it gets worse....

 

This was my financials advisors reply to my email about it.

 

If the offering size were to be less than $5 million and above the $1 million minimum, TTS AAS would adjust its use of proceeds by reducing planned growth of employee headcount, reducing operational costs, and slowing down projects or not making investment in projects. The company is also required under the loan to Our Two Dogs, Inc. to repay 10% of the net proceeds from funds raised in this offering, up to $400,000 in this scenario.

 

So basically Tom has a guaranteed annual income of $100,000.

 

We are in discussions with potential partners for our Aerospace and Science Divisions, although no specific projects have yet been agreed upon.

I can't fucking believe what I am reading.

 

‘Strange Times’ Record. This music album is in development and due to be released in 2018.

Oh joy.