ProGreen US Inc. (fka PGUS)

[MoneyForNuthin]

I've had some communication with Jan over the past week via email. I know that he is very proud and happy for shareholders (including himself, the other Telanders and EIG, of course) that he was able to clear the debt without toxic debt conversions, as well as the new cash injection investment by the Telanders.

I agreed with Jan that all is looking extremely good for ProGreen Properties and PGEI shareholders in every way. I suggested that he include the share structure in the next PR, just to verify/validate for any who may have any concerns at all.

His reply was even better. He said that, to show transparency, he would post the SS on the website and plan to update it monthly. He said he'd probably get that done next week.

There are three things to take away from this:

1. He is being transparent, and he wants to prove it. That's a big plus for penny stock shareholders!

2. He is very confident in his ability to deliver for the foreseeable future (the next year or so). Why do I say this? No CEO is going to start down this path without very high confidence because, once you start, you can't stop - at least not until the business plan has proven successful and overall confidence is high enough that it is no longer necessary. If he did stop with the transparency somewhere along the way before complete success... there would be an immediate backlash of selling from lost confidence and lower sentiment. Jan knows this very well.

3. Because Jan is being transparent in this way, and because of HIS high confidence and his history and financial ties... I have high confidence that any increase in the O/S down the road (over the next year) would be a GOOD thing - it would be due to a direct investment/funding associated with a real business opportunity that would provide a real and positive return on investment for shareholders. It would not be for toxic debt conversion/dilution.

So... make of this what you will, do your own DD and make your own decisions. As for me, I have been invested in only one other OTC stock where management has done this. Long shareholders asked management to include the SS info in press releases. We - and I, personally - talked with management about this and suggested that it would instill confidence and foster shareholder "loyalty," and management agreed. I continue to hold over 5MM shares of that stock that is trading in multiple pennies, and I have committed (to myself) to hold long for capital gains. I rarely post on that board anymore (only occasionally to correct misinformation or offer DD info), as I remain confident in management and I am focused on the next "gem" for my portfolio. PGEI is my new gem.

Example of SS paragraph from April 7, 2016 PR from that other company:

Common Shares Issued and Outstanding:

As of April 6, 2016 the number of shares of common stock issued and outstanding stood at 339,545,107 shares. This amount is net of the number of shares owned by XxxxxXx, LLC of 1,718,000. The Company processed the return of 12,497,938 shares of common stock previously issued to Xxxxxx Xxx Xxxxxxxx, decreasing the shares outstanding by approximately 3%.