ProGreen US Inc. (fka PGUS)

[Davis_Elite]

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

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

- Valuations ranging from 0.12 to 0.31 (pps) in recent posts by DD-contributing board members. All valuations consider only ~1/3 of land currently under control for agricultural use. No value assigned to remaining 2/3 of this land which will likely contribute much more value at some point in the future.

- PLUS: cases shown in contributed DD for current and pending projects potentially leading to a $1 PPS valuation in the foreseeable future - possibly even within this calendar year. Additionally, blue sky potential for $2 PPS valuation if Contel (JV partner) growing operation is able to scale up rapidly enough to utilize up to 3,000-4,000 acres of additional land within 3 years.

OTCQB Listed - As of 9/15/16

ProGreen Gets Further Funding From the CEO
BLOOMFIELD HILLS, MI--(Marketwired - Nov 22, 2016) - ProGreen US, Inc. (ProGreen), (OTCQB: PGUS), www.progreenus.com, has signed a 5% Promissory Note with the company's CEO, Jan Telander, for a credit line of up to $250,000. The Note is non-convertible and will be repaid within one year. As further incentive, up to 2,500,000 warrants with an exercise price of $0.05, will be issued as advances under the credit line are made.
This credit line provides a most favorable financing arrangement for ProGreen as we continue to execute our business plan, and until a later time that we would see it as an appropriate point to draw from the equity line financing under review by the SEC (see our current report on Form 8-K filing, June 27, 2016).
"My confidence in our business plan and strategy, and my commitment to the success of ProGreen, are my reasons for personally securing this bridge financing," says Jan Telander, President & CEO.
2Q 10-Q filed 12/20 - 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
Contel has now established a channel to the US market that allows them to grow fresh produce directly for US importers. Leasing land for agricultural use can be very lucrative, but growing produce on the land offers significantly higher returns. We did not expect Contel to gain access to this point of operations so soon; however, this opportunity has been presented by 2 buyers with immediate demand.
Due to a new opportunity
Contel is preparing operations for January seeding on the farmable 150-acre portion of the first tract of land, and the first harvest is expected for May/June 2017. Initially, a generator will provide the power needed for direct irrigation. Solar power will later replace the generator, and drip irrigation will be connected to a gravity reservoir, making the farm totally “green.” This will be the Flagship property in Baja with an abundance of water, and Solar powered water pumps making it completely green.
ProGreen controls an abundance of land with the options to increase the growing operation, leasing land, partnering with other growers, etc.
Leases $800-$1200 per acre per year
Growing on the land $3000-$8000 per acre per cycle varies by type of produce
This development is a great step forward, creating new and varied opportunities to accelerate growth.
Company blog updates
12/19/2016 We are in advanced discussions for the potential acquisition of about 4,500 acres of oceanfront land; the intention is to develop a master plan and bring investors and developers into individual real estate projects.
12/21/2016 We are proud to report that we have now agreed on the general terms for the acquisition of the 4,550 acre tract spanning over 2.4 miles of ocean front land with the owner. The due diligence process will now begin which will require some investigation.
01/05/2017 We have extended the proposed land acquisition to now include approximately 4.0 M of ocean front (6,5 KM), compared to earlier announced 2.4 M.With our due diligence progressing faster than expected, we feel confident that we will be able to execute a purchase agreement this month, sooner than originally anticipated.
We are in the process of selecting a suitable US architect with whom to start working on the initial master plan.
01/15/2017 As mentioned earlier, the meeting with the Architect in Portland last week went very well and it is safe to say that they are almost as excited now as we are about this project. They are putting a team together including outside architects, in order to evaluate the best approach to the task of creating a Master plan for a project of this size.
The moment when we will be able to sign the definitive purchase agreement, is getting nearer as the DD is progressing better than anticipated. Early meeting already set for 01/16/2017 Monday morning, in order to go through the details that will form the basis for the documentation.
Recent update 9/11/16: 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 = 950m - REDUCTION BY 37% as of 11-07-16
- O/S = 349M
- 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 2016.
- CEO is accumulating shares, buying up the float, purchased over 19M shares on open market in 2016 - free float is shrinking.
- Free Float is being held tight and getting tighter: Many long investors holding strong positions, new long investors starting and building strong positions.

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 for growing operation
- Oceanfront land acquisition 4550 acres

Current Business & Valuation…
- PGUS is fully reporting (SEC) with audited financials
- Clean Balance Sheet! (Q2 10-Q report filed 12/20/16)
- 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, leasing and/or land uses (e.g. growing)
- Valuations ranging from 0.12 to 0.31 in recent posts by DD-contributing board members

Long investors are looking forward to these important milestone events:
S-1 Registration filing: - DONE, S-1 FILED 8/31/16
10/26/16 Amended and reduced shares for same 5 million in financing (now based on average pps of 0.065)!!
S-1 EFFECT: when made effective, company can begin to access funding to accelerate operations: Current Baja projects plus new projects being contemplated; we want to see this ASAP