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Friday, May 27, 2016 2:56:12 AM
PGEI is in a "pregnant pause" ready-to-pop for the continuation run.
Price target 0.015
(charts below)
A/S: 1,500,000,000 (unchanged since 9/15/15)
O/S: 306,756,732 (3/14/16)
Float: 206,412,032 (3/14/16)
No toxic debt/dilution - significant actions by CEO and investments by backers, eliminated the debt in Feb-Mar 2016
Market Cap: $1.44M (based on 0.0047 closing price 5/26/16)
50/100 Golden Cross on 3/3/16
50/200 Golden Cross on 4/25/16
100/200 Golden Cross on 5/18/16
Major new business activity/plans started in November/December 2015 with unique opportunity and fit between CEO (most notably), the Telanders in Sweden with SolTech Energy and land owners in Baja California, Mexico. CEO Jan Telander has much experience from prior development and construction in Spain with the building and selling of 500 properties - the economic, regulatory and legal environment in Mexico mirrors that of Jan's experience in Spain, so he is well-suited and well-qualified to execute and capitalize on this unique opportunity. Jan has taken this from initial discussion with land owners in Baja to contracts. ProGreen now has conrol of 13,400 acres of land in Baja, and the first 300 acres is being brought to the market starting this week after 3 wells have been drilled to provide sufficient irrigation for farming the land.
ProGreen Properties (PGEI) has contracts for the development and sale/lease of land in Baja California. The initial 300-acre parcel is being sold while further land development is planned for leasing for a long-term revenue stream, for use in organic farming. Other parts of the land will be used for the development and construction of reidential, commercial and resort property, including oceanfront property. Arable land is limited in Baja California, and land with water rights and fresh well water availability is even more limited. This land has water rights and fresh well water availability. Furthermore, this land is untouched by chemicals and so is also suitable for organic farming. Current contracts are for 2,200 acres, including a 3-year option for additional 11,500 acres. The total acreage is equal to about 21 square miles (for reference, the total area of the city of Naples, Florida is 14.4 square miles). Land in Baja California, Mexico is uniquely valued by U.S. companies and residents, due to the close proximity and easy access by land, for the produce industry and the vacation/resort/hospitality industry. The market for all of this land originates from the U.S. - from U.S. companies' demand for organic farming land, and from the U.S. residents for vacation homes and resort destinations.
ProGreen is based in Michigan, and is also actively planning projects in the U.S. One project currently under consideration is a self-sustaining, energy-independent, off-grid housing community in in Oklahoma.
CEO Jan Telander bought 12MM shares off open market Jan-Mar 2016 (also invested $100K for 100,000 Series A preferred shares on 2/9/16 - see below)
Jan Telander and his brother Ulf and nephew Frederic founded SolTech Energy (Sweden). SolTech has a market cap of ~$60M (USD). Ulf is still on the Board and is the majority stockholder, and Jan's nephew Frederic is now the CEO of SolTech Energy.
http://www.nasdaqomxnordic.com/aktier/microsite?Instrument=SSE110738&name=SolTech%20Energy%20Sweden
The Telanders - Jan, Ulf & Frederic - each invested $100K on 2/9/16 for 100,000 Series A preferred shares (convertible to common stock after 1/1/17 at 0.0033 per share - the closing price on 2/9/16).
EIG, the Telanders' investment company invested an additional $667K for Series A preferred shares to pay down remaining debt (EIG assumed all responsibility for the $667K debt).
April 6 2016 interview with CEO Jan Telander:
https://upticknewswire.com/uptick-network-interview-with-ceo-jan-telander-with-progreen-properties-inc/
No dilution! The company's last outstanding institutional convertible note has now been fully converted.
https://finance.yahoo.com/news/outstanding-debt-conversion-now-completed-113000930.html
ProGreen Properties, Inc.
http://www.pgproinc.com/ (the 'home page' here is a message board for frequent updates and announcements from Jan, the CEO)
Price target 0.015
(charts below)
A/S: 1,500,000,000 (unchanged since 9/15/15)
O/S: 306,756,732 (3/14/16)
Float: 206,412,032 (3/14/16)
No toxic debt/dilution - significant actions by CEO and investments by backers, eliminated the debt in Feb-Mar 2016
Market Cap: $1.44M (based on 0.0047 closing price 5/26/16)
50/100 Golden Cross on 3/3/16
50/200 Golden Cross on 4/25/16
100/200 Golden Cross on 5/18/16
Major new business activity/plans started in November/December 2015 with unique opportunity and fit between CEO (most notably), the Telanders in Sweden with SolTech Energy and land owners in Baja California, Mexico. CEO Jan Telander has much experience from prior development and construction in Spain with the building and selling of 500 properties - the economic, regulatory and legal environment in Mexico mirrors that of Jan's experience in Spain, so he is well-suited and well-qualified to execute and capitalize on this unique opportunity. Jan has taken this from initial discussion with land owners in Baja to contracts. ProGreen now has conrol of 13,400 acres of land in Baja, and the first 300 acres is being brought to the market starting this week after 3 wells have been drilled to provide sufficient irrigation for farming the land.
ProGreen Properties (PGEI) has contracts for the development and sale/lease of land in Baja California. The initial 300-acre parcel is being sold while further land development is planned for leasing for a long-term revenue stream, for use in organic farming. Other parts of the land will be used for the development and construction of reidential, commercial and resort property, including oceanfront property. Arable land is limited in Baja California, and land with water rights and fresh well water availability is even more limited. This land has water rights and fresh well water availability. Furthermore, this land is untouched by chemicals and so is also suitable for organic farming. Current contracts are for 2,200 acres, including a 3-year option for additional 11,500 acres. The total acreage is equal to about 21 square miles (for reference, the total area of the city of Naples, Florida is 14.4 square miles). Land in Baja California, Mexico is uniquely valued by U.S. companies and residents, due to the close proximity and easy access by land, for the produce industry and the vacation/resort/hospitality industry. The market for all of this land originates from the U.S. - from U.S. companies' demand for organic farming land, and from the U.S. residents for vacation homes and resort destinations.
ProGreen is based in Michigan, and is also actively planning projects in the U.S. One project currently under consideration is a self-sustaining, energy-independent, off-grid housing community in in Oklahoma.
CEO Jan Telander bought 12MM shares off open market Jan-Mar 2016 (also invested $100K for 100,000 Series A preferred shares on 2/9/16 - see below)
Jan Telander and his brother Ulf and nephew Frederic founded SolTech Energy (Sweden). SolTech has a market cap of ~$60M (USD). Ulf is still on the Board and is the majority stockholder, and Jan's nephew Frederic is now the CEO of SolTech Energy.
http://www.nasdaqomxnordic.com/aktier/microsite?Instrument=SSE110738&name=SolTech%20Energy%20Sweden
The Telanders - Jan, Ulf & Frederic - each invested $100K on 2/9/16 for 100,000 Series A preferred shares (convertible to common stock after 1/1/17 at 0.0033 per share - the closing price on 2/9/16).
EIG, the Telanders' investment company invested an additional $667K for Series A preferred shares to pay down remaining debt (EIG assumed all responsibility for the $667K debt).
April 6 2016 interview with CEO Jan Telander:
https://upticknewswire.com/uptick-network-interview-with-ceo-jan-telander-with-progreen-properties-inc/
No dilution! The company's last outstanding institutional convertible note has now been fully converted.
https://finance.yahoo.com/news/outstanding-debt-conversion-now-completed-113000930.html
ProGreen Properties, Inc.
http://www.pgproinc.com/ (the 'home page' here is a message board for frequent updates and announcements from Jan, the CEO)
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