Procyon Corporation (PCYN)

[btmfdr]

I dont think we see a dividend anytime soon. I would expect the bank of america loan, which regina anderson has personally guaranteed, to be paid off. Then of course almost 300K in dividends would go to holders of that pesky preferred before we see anything.

In last quarters filings it looks like they made a pretty substantial 50K principle payment on the loan.

I dont think the re going to sell the company either. At least not soon. It's the anderson's family business and they arent close to retirement age at all.

Im happy with the status quo. Revenue growth should be more apparent I think.

Thanks 10 Bagger for selling the shares! I dont't want to bid it up into the 20c range. I guess now we wait around for the ocasional 'tired' holder who wants to sell out.