Replies to post #14218 on TPT Global Tech Inc (TPTW)

[NYMike1]

This and every other OTC stock making this filing due to COVID-19

[droopyeyes]

This can’t be good

imo

[Laylos]

Tons of otcs delay, but the little devil in the details is a little worry some.

[THall]

Yes they delayed 10k because its filled with new debt per the NT-10k. The longer they can go without disclosing all the new debt, the longer the pump can stay alive. From the Nt-10k $11,000,000 of new debt added in 2019. They listed this as a significant change so that would bring their total annual operating expense to $21 million a year. Where is all that money going?

A significant change from the prior year is expected due to the accounting for derivative financial instruments entered into by the Company during 2019. Consequently, there was approximately $7,400,000 in derivative expense for 2019. In addition, there is approximately $3,300,000 in interest expense for 2019, a large portion of which is due to the derivative financial instruments.