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ProGreen US Inc. (PGUS)

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Last Post: 9/23/2017 8:34:48 AM - Followers: 267 - Board type: Free - Posts Today: 2



   ProGreen US, Inc.


Updated June 7th, 2017
Authorized Shares   Outstanding Shares   Restricted Shares      Free Float   
950M   349.81M   103.44M     222M

   CEO Mr. Jan Telander is the proud owner of 
 common shares purchased at various share prices ranging from $.0006 to $.0249 PPS


               "These interviews with Mr. Telander really puts PGUS into perspective. The interviews are  a must listen if one is conducting DD or thinking about investing with PGUS"

Interview with ProGreen CEO Jan Telander (Uptick Newswire Podcast)

Interview with ProGreen CEO Jan Telander 2/23/17 ( A must listen!!!! )


 Jan Telander, President and CEO


An accomplished businessman, Jan Telander’s success in business spans over more than three decades. Mr. Telander began his lengthy tenure of developing and directing several successful business models in the early 70s.  In the last few years Mr. Telander has had major successes including starting up Soltech a leading solar technology company in Sweden and China. In Spain Mr. Telander is responsible for the building of over 500 homes. 
In Spain, Sweden, the UK and in the United States, he is recognized for his record of success in real estate developments and construction, private investment dealings, the acquisition and tailoring of start-up companies, including a new solar technology company. Mr. Telander’s strong belief in energy efficiency and green technology has become a focal point in his present evaluation of business opportunities. As the founder and leader of ProGreen, Mr. Telander’s vision for success has now led him to look at Baja California as a great opportunity for future developments. ProGreen has until  now been exclusively involved in real estate in Oakland County, Michigan, but has now started to look into other areas  with great opportunities. At present the company is looking into possible development opportunities in Oklahoma and expansion of  their on going efforts in Baja. 



PGUS Subsidiary   (  Procon Baja JV, Inmobiliaria Contel  )


Procon Baja JV is our joint venture subsidiary with Inmobiliaria Contel in Baja California, Mexico, with ProGreen 51% and Contel 49%. The company is managed by a board of Managing Directors consisting of three members, with two representing ProGreen and one representing Contel. At least two Managing Directors approval is required for major decisions and financial transactions, giving ProGreen full control.

PGUS Business Updates:

July 5 2016
ProGreen US  Open Letter to Shareholders:

Recently we have begun focusing on opportunities in Mexico, through investments in agricultural land in Baja California. We anticipate to increase this activity substantially over time.

Goals for the next 12-18 months

*  Create a substantial revenue stream from our agriculture land developments in Baja

*  Commence property developments in Baja as well as in the US.

*  Enter into a formal agreement with Soltech Energy Sweden AB and apply their solar technology to suitable properties developed by ProGreen in the US and Baja.

*  Broaden our shareholder base through regular communication and interaction with shareholders and the investment community at large.

*  Get the company moved up to OTCQB and move the company toward a Nasdaq listing.

Transparency towards our shareholders
True transparency of the company's activities and progress in respect to shareholders, we see as essential to attract long term investors and create shareholder loyalty. Keep the public well informed with an open line of communication, channeled mainly through our new website, with attached Twitter feed, message board, ticker news, press releases, and share structure (updated first week of every month). We will also expand our exposure to the public through other suitable social media, webinars and investor presentations, reflecting the mission of transparency as well as growth of the company, to serve as a true barometer of PROGREEN.

Over the past 6 months we have been working very hard with turning the company around and some significant progress has been made.

February 13. A joint venture agreement was executed with INMOBILIARIA CONTEL S.R.L.C.V. (CONTEL) for the first tract of land of approximately 300 acres for agriculture use in Baja California, Mexico. The land has since been developed and prepared for active farming with three wells providing an abundance of water (700 Gallons/minute) and is now being actively shown and marketed to potential buyers, with several parties showing serious interest.

February 17. The earlier outstanding Convertible Debenture of $476,000, was assumed by EIG Venture Capital Ltd., the company's main shareholder, in exchange for Preferred Stock in the company.

February 22. The company signed a capital injection commitment for a total of $300,000 from Jan Telander, CEO of the Company, Ulf Telander, CEO of EIG Venture Capital Ltd., and Frederic Telander, CEO of Soltech Energy Sweden AB, clearly demonstrating confidence and belief in the future of the company.

March 8. The acquisition of American Residential Gap LLC (ARG) was finalized, bringing its 14 properties on to PROGREEN's books, adding a net asset value of $1,285,000 to the balance sheet. The acquisition was a pure paper transaction with full payment being made by issuance of Special Preferred Stock to American Residential Fastigheter AB (ARG's previous sole member), convertible into common stock by March 8, 2017. The conversion price will be based on the average market price for the 20 preceding trading days of March 8, 2017. The Preferred Stock can also be paid off in cash.

March 28. The last of the "toxic" convertibles with institutional lenders, was fully converted.

May 14. A second Joint Venture Agreement was signed with CONTEL for two parcels of land, 235 Ha (588 acres) and 529 Ha (1323 acres) respectively. The land will be prepared and developed for agriculture use, to be leased to growers of produce.

June 17. PROCON BAJA JV was formed in Ensenada, Mexico, as a holding company for the JV signed on May 14. The company is owned by PROGREEN to 51% and CONTEL 49%, and will be managed by a board of Managing Directors consisting of three members, with two representing PROGREEN. At all times, at least two directors' approval will be needed for management decisions or financial transactions, giving PROGREEN, in effect, full operational control. As a majority shareholder, PROGREEN will be able to reflect its assets in Baja on the balance sheet.

June 23. PROGREEN signs definitive agreement with Tangiers Global, for a $5 million Equity Line. A maximum of 100 million shares will be registered in a S-1 Registration Statement for this funding. A note for $22,000 was also issued to cover the cost of the registration statement. The Note is convertible into common stock after six months, at a fixed price of $0.03. Tangiers was also issue 4 million warrants as commitment fee, with a strike price of $0.02.

New direction in Michigan
With steadily rising property prices here in Michigan, we find that rents cannot keep up at the same rate, resulting in lower yielding properties, if based on present values. This has led us to a change of direction.

Many potential home buyers are still today unable to obtain conventional mortgages and are therefore practically excluded from the property market. We have concluded that offering our rental properties for sale with seller financing, can be very beneficial for the company. We are able to obtain higher prices than with conventional financing, with very limited competition in the market place of properties with this type of financing. Recently sold two of our properties were sold with land contracts and a third is expected to close in July.


Key Highlights

PROGREEN Completes $1,285,000 Acquisition of American Residential Gap LLC

PROGREEN Receives Important Capital Injection - $300,000

Toxic Debenture Conversion Completed

PROGREEN Forms Mexican Subsidiary -- PROCON BAJA JV

PROGREEN Launches New Website

PROGREEN signs $5 million equity line of credit

Sept 2016
ProGreen Uplists to OTCQB

Nov 2016
ProGreen Gets Further Funding From the CEO

Dec 2016

ProGreen Reduces Authorized Shares of Common Stock

Dec 2016

ProGreen's JV Partner Contel Enters Into Agriculture Operations in Baja California

Jan 2017

Contel Signs Million Dollar Produce Agreement

Feb 2017

$5 Million Equity Line Declared Effective

Feb 2017

ProGreen's Subsidiary Procon Acquires 5,100 Acres of Ocean Front Land in Baja

Mar 2017

On March 16, 2017, the Company paid off in cash without any conversions the $100,000 Hopple convertible note issued in September, 2016.

Feb 2017


Baja Business Update   ( Update on land preparation and revenue projections from first cuts of crop ( Red Chili peppers )


Feb 2017
SOLAR POWER FOR CIELO MAR   ( Solar Power potentially supplied by SolTech energy )

Mar 2017

Baja Business Update

Company Update 

Ocean Front  Property owned by PGUS


Virgin soil being prepared for planting of Red Chili Peppers with irrigation




March 27, 2017 - Red Chili Peppers Maturing at Baja Plants Nursery ( Planting late March / early April 2017 )

Water wells drilled in Baja California


Aerial photos of PGUS owned Ocean front real estate,  Cielo Mar ( Heaven By the Sea ) Baja California, Mexico






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PGUS News: Notification That Quarterly Report Will Be Submitted Late (nt 10-q) 09/21/2017 06:05:13 AM
PGUS News: Quarterly Report (10-q) 09/19/2017 12:28:32 PM
PGUS News: ProGreen US comments on interview regarding investment projects in Baja, California 08/17/2017 08:24:46 AM
PGUS News: Annual Report (10-k) 08/14/2017 02:54:09 PM
PGUS News: ProGreenUS-Contel Showcases Successful Farming Operation at ProGreen Farms™ Arenoso, With First Harvest Underway 08/14/2017 02:14:24 PM
#38765  Sticky Note WHY I RESERVED 4 CIELO MAR LOTS INSTATRADER 08/16/17 07:55:01 AM
#38538  Sticky Note PGUS DD INSTATRADER 08/07/17 12:10:28 AM
#35635  Sticky Note CieloMar Website New Form 4s and Debt Reduction Davis_Elite 04/05/17 08:47:11 AM
#39665   Wild axx guess heyheyhey 09/23/17 08:34:48 AM
#39664   Wag? khawkclarke 09/23/17 12:27:17 AM
#39663   The money has to be mostly coming from tigerpac 09/22/17 06:26:58 PM
#39662   Not to sure it's money from the crops heyheyhey 09/22/17 04:27:17 PM
#39661   Read the 10Q and read the tweets bud. bigjuice 09/22/17 03:04:25 PM
#39660   Valid question and I really hope its cash allenc 09/22/17 03:03:46 PM
#39659   What are we paying the notes with? How bill1228 09/22/17 02:52:35 PM
#39658   New tweet: tigerpac 09/22/17 02:34:05 PM
#39657   check pm j45 09/22/17 01:55:52 PM
#39656   Hey J45 I don't have pm privs. but Jazz5 09/22/17 01:26:48 PM
#39655   Unfortunately it was necessary for PGUS to have flacrusher 09/22/17 11:29:16 AM
#39654   Good to see. flacrusher 09/22/17 11:23:56 AM
#39653   YEAH!!! I bought 100k shares yesterday at NONON2 09/22/17 11:12:39 AM
#39652   NOTES GETTING PAID IN CASH: j45 09/22/17 11:06:17 AM
#39651   FYI, I think someone on the board was LJ Silver 09/22/17 11:03:51 AM
#39650   Had to pick up a few today. I'm tknuncle 09/21/17 10:30:14 PM
#39649   Ok...thx. I'm with the other person about NONON2 09/21/17 05:03:10 PM
#39647   Probably the SEC Assclowns watching computer porn all AOS1212 09/21/17 04:02:12 PM
#39646   You know in all seriousness, I would think Jazz5 09/21/17 03:51:38 PM
#39645   when a note is due is irrelevant. uksausage 09/21/17 03:43:28 PM
#39644   I'm with ya on the buying for now, Jazz5 09/21/17 03:09:17 PM
#39643   IDK For sure. I'm not an insider but LJ Silver 09/21/17 02:32:16 PM
#39642   Add in another $28k.... benlurkn 09/21/17 02:31:52 PM
#39641   Nice! Now I want to know where we Jazz5 09/21/17 02:28:02 PM
#39640   Unless I don't understand what I'm reading in NONON2 09/21/17 02:24:42 PM
#39639   I can contest to the fact the there LJ Silver 09/21/17 02:18:27 PM
#39638   That note looked to be due in March NONON2 09/21/17 02:15:48 PM
#39637   Looks to be fully paid now... benlurkn 09/21/17 02:08:23 PM
#39636 Just say'n.. LJ Silver 09/21/17 01:57:56 PM
#39635   We've been shipping peppers for 6 weeks. Where's bill1228 09/21/17 01:16:41 PM
#39634   One limit post, should finish green today. noodle 09/21/17 12:57:18 PM
#39633   Picked up a few more shares at a Vance 09/21/17 12:53:31 PM
#39632   read the filings, EVERY ONE of them are there. j45 09/21/17 12:51:49 PM
#39631   Planet OTC pal, happens all the time...stocks go j45 09/21/17 12:34:34 PM
#39630   Really? On what planet do you live? vhgier 09/21/17 12:32:51 PM
#39629   See for yourself: MoneyForNuthin 09/21/17 11:27:28 AM
#39628   You are correct about not being here yesterday. Enixenigma 09/21/17 11:09:25 AM
#39627   I'd like to see the whole picture. bigjuice 09/21/17 10:58:21 AM
#39625   As mentioned in the post right below yours, Enixenigma 09/21/17 10:37:12 AM
#39623   Ok, who had the issues? bigjuice 09/21/17 10:28:40 AM
#39622   Isn't it clear? The NT is dated Sept MoneyForNuthin 09/21/17 09:40:16 AM
#39621   Hmmm well this pr isnt going to help HighAmbitions 09/21/17 09:10:38 AM
#39620   Looks like issues with the SEC. Jan put Enixenigma 09/21/17 09:01:24 AM
#39619   Confusion.. Whats thr deal with todays news saying HighAmbitions 09/21/17 08:54:21 AM
#39614   Sorry but that is not always the case sir. j45 09/20/17 06:19:29 PM
#39609   There is nothing explicitly preventing him from doing Enixenigma 09/20/17 01:17:59 PM
#39608   What caused him from not being able to NONON2 09/20/17 01:06:21 PM
#39607   What about the green chilis? Are they NONON2 09/20/17 12:57:10 PM
#39606   Yes the first year has a lot of benlurkn 09/20/17 12:53:44 PM
#39605   I haven't added up all of his loans NONON2 09/20/17 12:53:26 PM