ProGreen US Inc. (fka PGUS)

[Davis_Elite]

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!!

OTCQB Listed - As of 9/15

1Q 10-Q filed 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 lease at any time now...
Due to a new opportunity
As CEO Jan Telander describes, "We have had great interest in the 300-acre land tract, from more than 10 interested parties, with offers from $500,000 to $700,000 to purchase the property outright. However, there has been a new development and we have decided not to sell and instead to lease the land. The principal reason is that we now have the opportunity to acquire an additional 1,500 acres bordering this property, at a very low cost." This will be the Flagship property in Baja with an abundance of water, and Solar powered water pumps making it completely green leases...

New Form 4 Yesterday, 10/25! CEO continues buying shares on the open market, 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 Amended 10/17
- O/S = 348M
- Restricted = 102M
- CEO = 19.8M - Recent purchases, latest Form 4 filed 10/25/16
- Free Float = 225M - 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 19M 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: www.marketwatch.com/story/progreen-plans-to-reduce-the-number-of-authorized-shares-2016-08-16-9173131)
(PRE 14C filed 8/31/16: Ammended 10/17
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11637226

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 lease, 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 23x the current pps of 0.013):
conservative valuation is 0.209 per share(by INSTATRADER, discounting by 1/3), which is still 15x the current pps of 0.013
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)[/color]

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
10/26 Amended and reduced shares for same 5 million in financing!!
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



Special thanks to MFN for some amazing DD and remaining post history!!!!