Discussion in 'UFOs & Sightings' started by nivek, Feb 9, 2019.
i doubt they are going to release anything and if they do, it will be disappointing
Yes, it has. That's some sloppy-ass clueless "reporting" and it has been explained numerous times, including right here. I'm too lazy to find the link for you, but I think the search box works here.
Yeah that was cleared up within hours. That number is the difference between their maximum fundraising target and the money that they actually raised. It's not a debt and doesn't reflect any spending. The writer of that article simply knows nothing about bookkeeping and SEC accounting practices, and he didn't bother to ask anyone about it, so he made a big flurry of confusion and wild accusations over nothing. In other words: typical rank-amateur journalism from the worthless US media establishment.
So now you're an online psychic prognosticator? I had no idea that you have "the gift," lol.
We are acutely aware of your opinion about it.
i know and i ain't the only one that thinks that...
You're confusing "knowing" with "thinking," again. Understanding that crucial distinction is what separates a rational mind from an irrational mind.
no, i said that i know that you already know my position at this issue, look at the context
So now Chris Herndon is on board with TTSA...
TTSA has so many former government types that it reminds me of NICAP.
after a quick goggle search I can clearly see the 37 million is fake news.
The shadow asked about a press report that TTSA had a "$37.4 million deficit." As Thomas R. Morrison indicated in his reply, that was an erroneous report, apparently written by a journalist who had a poor grasp of his subject matter. However, my understanding of the nature of the reporting error is a little different from that posted by Mr. Morrison. The figure does not relate to a shortfall in fundraising. Rather, in brief, TTSA "pays" certain officers and advisory board members in stock options. These options are recorded on books as liabilities under accounting rules, but it is actually not money owed to anyone. Someday these stock options may be worth something.
TTSA itself has directly addressed this issue in a more detailed fashion. On December 12, 2018, TTSA conducted a 30-minute telephonic "annual stockholders meeting." A transcript of that tightly scripted event has been posted on the TTSA website, and it is also attached to this post. The transcript includes the following exchange between Jim Semivan, director and vice-president of operations, and Louis Tommasino, chief financial officer.
Jim Semivan: We will now answer a few questions from the stockholders. The first question is please explain stock-based compensation and why it is at $37 million deficit. Louis, I would like you to answer this one.
Louis Tommasino: Thank you, Jim. It would be my pleasure to answer that question. Stock-based compensation is when stock options are part of a person’s compensation for their work on behalf of the Company. In our case, that is certain officers and advisory board members. The value of these stock options is a non-cash transaction recorded on our books based on the per share amount we have received from the public for selling our shares at $5 a share. This per share amount is then multiplied by the number of shares a stock option holder has vested. It was $37 million in our last filing but will go up as more stock options are vested. Under generally accepted accounting principles, or “GAAP” rules, the Company is required to record this transaction in our financial statements even though we do not owe it to anyone. It just reflects the fact that we have been paying our people like many startups and development stage companies do, in stock as opposed to paying them in dollars. I hope that answers the question.
Chris Herndon is associated with a private IT firm that does government contracting. He served as IT officer ("Special Assistant to the President and Director of White House Information Technology") for the Trump Administration White House, until October 2018. This is an important technical position, not a policy position. The attached document explains further the nature of his White House work.
From that tweet they are deciding how to present this. I wonder if it's something so esoteric that it'll have to be packaged properly for consumption. Kind of sounds that way.
Sort of like when I wrap a piece of bologna around a pill I have to give to my dog .....
It's been months since I looked at this, but I seem to recall that the valuation of the stock-based compensation had something to do with their very high original "upper bar" estimation of how many shares would be sold during the offering period, and then had to be recalculated based on the actual stock that was sold, creating this imaginary "loss" of $37M on paper. Semivan is talking here about the role of vested shares and how that affects the valuation, so apparently that's a factor in the calculation, but I didn't see that spelled out in the Offering Circular so it's unclear how the formula works.
In any case, it's an accounting thing and it has to be calculated a certain way to comply with SEC regulations, and it never involved actual money being spent and it's not any form of debt. The bottom line on the balance sheet showed a modest profitability around $100K, iirc.
I just listened to Episode #16 From Project Sign to AATIP – November 23, 2018 of The Black Vault Radio. I had heard of John Greenewald and was aware of what he does but only peripherally. Decided to check his podcast out and this is the first one so far. If you are already aware you could probably skip through the first half.
But if you at all interested in TTSA then listen to this. Hoooo boy.
Good science done by good people isn't disappointing - it provides a useful data point that is a starting point for further progress.
Good analysis informs where further analysis is needed and useful.
Take the Higgs boson. If the Higgs boson exists, that renders a number of competing theories to the standard model untenable.
I heard John Greenewald lay out a case in a neat package about AATIP, the source of the videos, Luis Elizondo making public statements about mylar balloons and CGI flying saucers that gave me pause. I was aware of some of this but not all of it, and not presented this cogently. Definitely worth listening to.
No objection to good science done by good people, but there are a few head scratching questions that need to be answered regarding TTSA - and hopefully they will be this year.
when i first heard of the 'to the stars academy' i couldn't help but think of the sumerian star chart.. i'm not exactly sure if there is a connection to the 2.. but it def peaked my interest. thoughts??
I always assumed that it was inspired by the plaque on the Pioneer spacecraft:
And also on the golden records aboard the Voyager spacecraft:
I have explored the unexplained long ago,
there is a pattern there.
most unexplained things were explained long ago
it is only in modern times that people have no clue what is going on.
turns out that education and learning are not the same thing at all
but I guess that I am told to often that history has nothing to teach us,
and that I am just not educated enough to get what is going on
and I have to admit to learning to much...
if you rally want to find something useful,
start looking into consciousness research.
and expect funding to vanish faster than steam out of a kettle
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