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ProGreen US Inc. (PGUS)

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Last Post: 12/18/2017 2:42:56 PM - Followers: 267 - Board type: Free - Posts Today: 26



   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: ProGreen releases ProGreen Farms™ expansion plan for 2018-2019 08:00 AM
PGUS News: Notification That Quarterly Report Will Be Submitted Late (nt 10-q) 12/15/2017 09:09:12 AM
PGUS News: Architectural Design and Building Company to join Team Cielo Mar 12/15/2017 08:00:00 AM
PGUS News: ProGreen Announces Supply Agreement For Sriracha Hot Sauce Producer, Huy Fong Foods, Inc. 12/08/2017 08:50:31 AM
PGUS News: ProGreen Forms Subsidiary for Direct Sales of ProGreen Farms Fresh Produce to the U.S. 12/06/2017 08:41:45 AM
News News Alert: ProGreen releases ProGreen Farms™ expansion plan for 2018-2019 12/18/2017 08:00:00 AM
#40838  Sticky Note ProGreen Announces Supply Agreement For Sriracha Hot Sauce Davis_Elite 12/08/17 08:16:55 AM
#40685  Sticky Note PGUS DD INSTATRADER 12/03/17 06:10:09 PM
#35635  Sticky Note CieloMar Website New Form 4s and Debt Reduction Davis_Elite 04/05/17 08:47:11 AM
#41168   Agree. Prove worthy & additional opportunities will present themselves. AOS1212 12/18/17 02:42:56 PM
#41167   Over time that may happen but not right tigerpac 12/18/17 02:41:10 PM
#41166   Was a gusher last time. Hopefully once again... AOS1212 12/18/17 02:24:46 PM
#41164   One of the board’s comments last week refuted AOS1212 12/18/17 02:22:04 PM
#41163   I am confident that additional water for Ag allenc 12/18/17 02:20:24 PM
#41162   I thought that was already obvious knowledge. Jan allenc 12/18/17 02:18:33 PM
#41161   Huy Fong is definitely the logical biz development AOS1212 12/18/17 01:54:53 PM
#41160 I thought & mentioned, additional drilling for AOS1212 12/18/17 01:50:22 PM
#41159   Said this to several doubters already, "watch and learn". noodle 12/18/17 01:48:44 PM
#41158   Oh...& please show me how “breaking ground” justifies AOS1212 12/18/17 01:47:45 PM
#41157   LOL noodle 12/18/17 01:47:23 PM
#41156   You are 100%, totally Nutz! Where are you AOS1212 12/18/17 01:46:01 PM
#41155   PGUS- "It is important to note that the allenc 12/18/17 12:09:52 PM
#41154   Let's use our EXISTING land correctly this time tigerpac 12/18/17 11:25:58 AM
#41152   but that wont help them "TRY" to scare j45 12/18/17 10:28:03 AM
#41151   Patience is the key here. Very long Catpole 12/18/17 10:03:20 AM
#41150   Great work Jan! Long and Strong! $PGUS Mistafixit 12/18/17 10:02:18 AM
#41149   ....and a $10 million trac of oceanfront land NONON2 12/18/17 09:49:37 AM
#41148   CDEL, do yourself a favor and RAISE that INSTATRADER 12/18/17 09:48:38 AM
#41147   Love the news. Rudy Gobert 12/18/17 09:37:03 AM
#41146   Truly great news. Fantastic projections flacrusher 12/18/17 08:56:21 AM
#41145   BIG NEWS! 5 MIL PROJECTED REVENUE! Catpole 12/18/17 08:38:05 AM
#41144   You got that right. No speculation all fact now. getitrit 12/18/17 08:24:58 AM
#41143   ProGreen releases ProGreen Farms™ expansion plan for 2018-2019 Davis_Elite 12/18/17 08:23:29 AM
#41142   TRAIN LEAVING THE STATION ALL ABOARD next noodle 12/17/17 11:16:09 PM
#41141   PGUS- I am curious to see the financial allenc 12/17/17 08:27:08 AM
#41140   PGUS- One thing for sure, we have a allenc 12/16/17 08:01:19 PM
#41139   Maybe, but its fun, and for 9 months noodle 12/16/17 02:38:31 PM
#41138   Best not to make pps predictions here, jmo allenc 12/15/17 11:22:11 PM
#41137   Farming along with possibly being nearly debt free noodle 12/15/17 09:18:01 PM
#41136   There is a cielo mar update on home NONON2 12/15/17 09:05:29 PM
#41135   Meant no offense to anyone. Just throwing some clegg 12/15/17 05:36:09 PM
#41134   I believe they got government approval already to INSTATRADER 12/15/17 04:52:59 PM
#41133   That was the reason for my initial investment. clegg 12/15/17 04:42:49 PM
#41132   So no interest in the HUY FONG contract INSTATRADER 12/15/17 04:32:18 PM
#41131   I believe tigerpac's earlier comments about a lack clegg 12/15/17 04:30:36 PM
#41130   Looking for BIG things from pps this winter noodle 12/15/17 04:05:34 PM
#41129   Ditto INSTATRADER 12/15/17 03:45:54 PM
#41128   There is just no valid reason why this NONON2 12/15/17 03:30:35 PM
#41127   We are in great shape company wise and noodle 12/15/17 03:13:01 PM
#41126   I'm ready to start laughing. I've bought all NONON2 12/15/17 02:17:02 PM
#41125   Yep....That's My Dad..... ;-) mag12 12/15/17 01:51:59 PM
#41124   Lol. I don't have that much $, I've EasyMoney1234 12/15/17 01:37:27 PM
#41123   I know exactly what happens! I get cheaper Jazz5 12/15/17 01:26:57 PM
#41122   Wtf are we doing here guys? Let's provide EasyMoney1234 12/15/17 01:15:29 PM
#41121   There was discussion earlier about if the farm tigerpac 12/15/17 12:35:45 PM
#41120   I'm preparing my year end report card for tigerpac 12/15/17 12:19:50 PM
#41119   I completely agree with you :). I wanted tknuncle 12/15/17 12:19:29 PM
#41118   Tiger...I'm really on The Same Page bro...Jan 8th mag12 12/15/17 11:48:50 AM
#41117   Nice buy! I've been bottom-feeding some .0120's myself benlurkn 12/15/17 11:41:12 AM