ProGreen US Inc. (fka PGUS)

[tigerpac]

Everything got pushed back a month due to the delay in harvesting the first cut. As you have Jan has had to scramble because he timed the note repayments based upon his original harvest schedule. As he continues all the cuts of the harvest the money will be there but not when the payments were due. He's had to negotiate with the lenders and most have been accepting because all they really want is the cash + 25% vic.

The harvest continues and Jan is doing the best he can. He has to pay workers and prepare new ground. CieloMar is just in a waiting period. They have to get the Master Plan completed and submitted before anything else. Then they have to get it approved which may take some time.