Weschler Continues to Hold OCC.
Ted Weschler continues to hold Optical Cable Corporation (NASDAQ: OCC) stock.
OCC's proxy filed February 28, 2020 disclosed Weschler continued to own 768,500 OCC shares, the same number he did a year earlier.
To me, Weschler's continued 10% ownership is positive.
How does COVID-19 impact OCC?
Mixed, but mostly badly.
One big positive comes from the Paycheck Protection Program. On April 15, 2020, OCC and Pinnacle Bank (NASDAQ: PNFP) entered into a $4,981,400 PPP note. The interest rate is fixed at 1% per year. OCC's PPP