OTELCO (OTT)

[dav1234]

OTT hydbrid ticker,part commons part unsecured debt.. was $15 a few months ago,then they stopped paying divi on commons due to weaker biz outlook and to conserve cash..then last week they siad they are delaying interest payment distribution on debt portion..hence the fear is that default on debt covenants of secured debt could cause a BK filing i guess, nobody really wants it without a regular divi or ditribution, a bounce play now, wont know much more until next quarterly.