A consumer who owns stock in To The Stars sought advice from the Securities and Exchange Commission on how to recover their “investment,” Expanding Frontiers Research learned Friday through a Freedom of Information Act request. It was not entirely clear how much money the individual gave Tom DeLonge and his UFO-promoting corporation, but they indicated to the SEC they owned 200 shares. For some context, a 2022 To The Stars Class A Common Stock offering stated a minimum investment of $750 yielded 150 shares.
“I own 200 shares of 'To the stars academy' [sic],” the consumer wrote the SEC in 2020. “I have never seen anything telling me how to sell the stock to return my investment. Can you advise me as to the options in selling my stock?”
The SEC explained there is no guarantee Class A stock will ever develop an actual value. The Commission replied in part:
The FOIA final determination letter and responsive records received by EFR from the SEC:
A visit to the To The Stars investor resources page provided in the SEC response revealed transcripts from annual meetings. In both 2022 and 2023, Jim Semivan is quoted as speaking favorably about a 5-year Collaborative Research and Development Agreement (CRADA) with the U.S. Army. “The goal of this CRADA,” Semivan is quoted in 2023, “is to advance developments in material science, space-time metric engineering, quantum physics, beamed energy propulsion and active camouflage.”
To the uninitiated, that means something or other about alleged crashed flying saucer debris. Some readers will recall this involved acquiring extremely dubious material with a $35,000 price tag from longtime UFO personality Linda Moulton Howe. To The Stars likewise reported to the SEC in 2019 it entered into a purchase agreement with DeLonge for 35 grand “to purchase a set of metamaterials.”
It is entirely unclear how UFO Disclosure advocates can simultaneously claim to be both in possession of and feverishly searching for the evidence they purport to so desperately want published, all while themselves obstructing its transparency. To wit, researcher D. Dean Johnson reports that part of the Fiscal Year 2024 Intelligence Authorization Act contains language paving a path for individuals in possession of materials or information derived from unidentified anomalous phenomena to cough it up already. The All-domain Anomaly Resolution Office (AARO) wants to hear from them.
In related news, experienced FOIA man John Greenewald, Jr. recently obtained documents from the Department of Defense that indicate it established as early as 2017 the grandiose claims of Luis Elizondo were not credible. The former DOD man left the Department to launch To The Stars with Tom DeLonge and was widely reported to have run a UFO program - mostly because he said so. Select reporters such as Keith Kloor tapped the brakes on the runaway story, pointing out not only was there a lack of evidence supporting Elizondo's claims, but a Pentagon spokesperson directly contradicted the narrative. Greenewald has now shared DOD records indicating numerous concerns that seemingly arose over Elizondo's departure and actions, ultimately including a dismissal of his complaints of unfair treatment and alleged retaliation for his interest in UFOs.