TPT Global Tech Inc (TPTW)

[pb_trading]

Nice post on the type of debt, looking forward to the earnings upcoming as well.

QUICKTAKE: This will be a mute point when the new report comes out, however, it should be noted that "The Line of Credit" bears a variable interest rate based on the 1 Month LIBOR plus 2.0%, 3.8% as of September 30, 2019, is payable monthly, and is secured by the assets of the Company. The Line of credit has a balance of $2,597,790.

This was the current balance of the "Line of Credit" as if September 30th, 2019. This line of credit has no due date but, however, is payable monthly. This balance could be higher or lower today, because that's how a line of credit works.

The same shareholders have "loaned" the Company $445,600 under the "similar terms" and conditions as the line of credit but most of which were also given stock options totaling 85,120 (see Note 7) and is due, as amended, February 28, 2020.

This is a different peice of debt than the $2,597,790.

$445,600 dollars was due on February 28th. Did they pay it? We shall see. I hope so...

$TPTW