ProGreen US Inc. (fka PGUS)

[MoneyForNuthin]

Why PGUS upward price movement is only starting - Upcoming events and status of recent business activities

It's obvious - PGUS is still significantly undervalued, and the CEO just keeps delivering!!

Many new items to report - IN BLUE since the last update only 10 days ago!

• OTCQB Listed - As of last Thursday 9/15! Approaching 1st full week with a new range of investors considering their entries for starter positions!
  
• 1Q 10-Q filed yesterday 9/19 - clean balance sheet: slight increase in assets and profound decrease in liabilities; assets reflect sales of Michigan properties, Baja investment receivables; verified: share structure, assets, debt elimination! Good showing for new OTCQB investors
  
• 1st Baja land tract on deck for sale at any time now... will also make a good showing to new investors who will be taking note of ProGreen's new OTCQB designation!
  
• New Form 4 today, 9/20! CEO resumes buying shares on the open market after blackout period, float continues to shrink
  
• Recent update 9/11: Ensenada research shows new opportunities look good... stay tuned for possible residential real estate investments/projects in Ensenada area much sooner than originally planned

Supply vs Demand - PGUS is still greatly undervalued, the free float is shrinking, and the great majority of what is left is being bought and held tight.

Share Structure and Ownership...
- A/S = 1.5B - REDUCTION BY 37% TO 950M in process with PRE 14C FILED 8/31/16]
- O/S = 348M
- Restricted = 102M
- CEO = 16.8M - Recent purchases, latest Form 4 filed 9/20/16
- Free Float = 229M - REDUCED, from recent CEO purchases
- CEO & Control Shareholders assumed debt and subscribed to preferred shares to inject funds, totalling ~$1M investment in February.
- CEO is accumulating shares, buying up the float, purchased over 16M shares on open market so far in 2016 - free float is shrinking.
- Free Float is being held tight and getting tighter: Many long investors holding strong positions, many new long investors starting and building strong positions.
- A/S reduction (IN PROCESS) of 550M shares from 1.5B to 950M
(Announced in PR on Aug 16: http://www.marketwatch.com/story/progreen-plans-to-reduce-the-number-of-authorized-shares-2016-08-16-9173131)
(PRE 14C filed 8/31/16: http://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=11573994)[/color]

Funding Growth & Operations...
- High quality PIPE financing to fund Baja and other projects - $5M equity line agreement: requires S-1 registration(DONE)/effect... which requires high-quality OTCQB listing status(DONE) - looking forward to S1 EFFECT filing
- Assets being monetized in Michigan
- First 300-acre land tract in Baja up for sale, several (6 or 7) suitors (offered at a discount to true value in favor of near-term turnover to recover investment + 50% of profit, rather than ~6-month delay for receiving certain certifications; e.g. organic farming)

Current Business & Valuation...
- PGUS is fully reporting (SEC) with audited financials
- ZERO toxic debt
- Clean Balance Sheet! (Q1 10-Q report filed 9/19/16)
- ProGreen has gained control of large tracts of land in Baja California
- Joint Venture agreements, Contel
- Strategic business entity, ProCon with 51% majority gives ProGreen control and balance sheet assets
- Baja business agreements provide for return of all capital invested by ProGreen prior to the 50-50 distribution of profits from sales and/or leasing
- Valuation based on real estate sector PE ratio = >> $0.31 per share (this is over 17x the current pps of 0.0174):

• conservative valuation is 0.209 per share(by INSTATRADER, discounting by 1/3), which is still 10x the current pps of 0.0214
  
• considers only the ~1/3 of land estimated for agricultural leasing, of the land currently under ProGreen's control
  
• remaining ~2/3 of land being considered for residential/commercial development, which could yield much higher $/acre for sale or lease
  
• does not include the potential for additional land (where the CEO noted that there are "...several further opportunities for much more land in the area, both for agriculture use as well as for potential real estate developments.")
  
• does not include the potential in the Ensenada area (where the CEO noted "I feel there are great possibilities for developments in this area directed to the US expat market.")
  
• does not include any new projects (e.g. Michigan, Oklahoma construction or refurbishments with solar)
  
• does not include future potential for representation/distribution of SolTech patented solar products)

Long investors are looking forward to these important milestone events:

• OTCQB listing upgrade: (DONE) OTCQB listed on 9/15/16
  
• S-1 Registration filing: This can come at any time, minimum 20 days before it can be made effective - S-1 FILED 8/31/16
  
• S-1 Effect: when made effective, company can begin to access funding to accelerate operations: Baja projects plus new projects being contemplated in the U.S. (e.g. Michigan or Oklahoma projects involving new construction or refurbishing to energy-efficient with solar power / solar tiles, etc.); we want to see this ASAP

All investors and traders are looking forward to these additional events:

• Update to OTC Markets Company Profile info: progress toward OTCQB listing upgrade - UPDATED: http://www.otcmarkets.com/stock/PGUS/profile - (DONE)
  
• More Form 4's? - Another Form 4 filed (9/1/16) - Another Form 4 filed (9/20/16)...CEO buying has resumed
  
• Quarterly Report (10-Q) due out by Sept 14 for period ending July 31 (possibly a week later if NT for late filing) - balance sheet will show results from Subsequent Events to the recently filed audited Annual Report (10-K): elimination of toxic debt & interest, significant added receivables, sales of Michigan properties - (DONE) Clean Balance Sheet!
  
• Sale of first 300-acre land tract: investment to be fully recovered upon sale plus additional 50% return on investment anticipated: ~$450K can be reinvested into operations.
  
• Sales of more Michigan properties - Previous sales reflected on latest Balance Sheet, 10-Q file 9/19/16
  
• Filing for A/S reduction - PRE 14C FILED 8/31/16
  
• Updates on activities in Baja - 9/11/16 update: may start residential real estate investments/projects in Ensenada area much sooner than originally planned
  
• Possible surprises regarding additional land agreements, Ensenada opportunities, Michigan projects, etc.