ProGreen US Inc. (fka PGUS)

[getitrit]

I see the sec is after PGUS is there aaw suit?

[tigerpac]

Fwiw…according to the coordinates Hurricane Hillary made landfall about 2 miles north of where the planned resort was to be built. It would have been destroyed or at least heavily damaged by winds and floods. A total flood zone.

[eur06]

Thank you!
His name is Scandinavian.

[tigerpac]

Mychael Hylander is the CEO ever since US ticker was revoked.

[eur06]

Jan is not CEO anymore?

[tigerpac]

His brothers were involved but they remain holding the preferred stock. One of the guys who was on the Board of Directors is the new CEO but they really aren't doing much. The land is still as raw as ever Nothing developed around it for twenty plus miles.

[flacrusher]

That's because Jan Telander won't give it back. He stole it. I have all correspondence with him saved.
I did believe in him. He talked a great game.

[eur06]

Excuse me but if it’s refundable why don’t you get back the money?
If it’s your right you should easily get it back imo.
I texted a few times in the past he seemed ok…pgus just needs a big investment then we’ll be back in business imo I still have my shares.

[flacrusher]

That statement is incorrect. Jan is a crook. He refuses to refund my 3000 bucks that I put down as a refundable deposit for 2 lots at Cielo Mar.
So, yes, he is a crook

[eur06]

Not as you say because Jan had some of his family members involved if I can recall..and he is not a crook imo.

[tigerpac]

Jan is not involved. It's the Swedish board members that were sucked into this by default. They have managed to put lipstick on this pig and repackage it to their countrymen as some great opportunity. Not sure if anybody is falling for it.

[NONON2]

That's mumbo-jumbo to me that isn't worth my time in researching it. Is the new CEO that they referenced replace Jan? If so, who is it?

[noodle]

Procon Baja JV
Company
Founded: 2016
Parent organization: ProGreen US, Inc. own 51% of Procon Baja JV
We own shares of PGUS NOT trading right now. (private.)
Either Jan buys us out or relist.
The fin Cielo Mar as I read it is the (investing financial arm now)
In my opinion, coming together nicely. Jan did say "hold on to the shares"




Cielo Mar Finans AB (publ) operates within
financing of real estate projects and was established in 2013
with the aim of acquiring, managing and developing high
returned residential properties on the U.S.
Real estate market. In March 2016,
however, the then stock of properties to
ProGreen Properties Inc. (now ProGreen
US Inc.). Compensation amounted to USD 1,555,000 and
paid in cash with USD 200,000 and in addition to
preference shares worth USD 1,355,000, which
with a voucher of 7 % per year. The company chose
however, in accordance with the agreement, to receive instead
proceeds for the remaining part, USD 1,355,000 in cash,
which, according to the agreement, was originally due for payment
31 December 2017




However, the due date has
postponed due to delays in ProGreen's other
real estate projects and interest on an ongoing basis have been imposed in accordance with
agreement. At the Extraordinary General Meeting in November 2020
however, it was decided to adopt a new articles of association
this includes the adoption of a new name;
Cielo Mar Finans AB (publ). At the same time, a new
board of directors and a new CEO took over in the Company.
Among other things, the company plans to publish
interest-bearing bonds and finance
development of the area through loans to
project company Procon Baja J.V., against collateral,
mortgages, in the property (land). The area
to be exploited valued in March 2018 in
raw land execution by CBRE Richard Ellis at USD 42
million (approximately SEK 400 million) and in November
month 2021 to USD 50 million (approximately SEK 480 million
millions), and is virtually unfunded. The area has
project has been divided into five phases. Full permits for
development and construction exist for the first time
phase of 133 hectares.

On October 15, 2021, the Company's claim on
ProGreen US Inc., at the time USD 1,842,889, by
that this was converted (set off) to 7.3% of the all shares in Procon Baja J.V.S.R.L De C.V which is
owner of the project in Mexico. The Board's assessment is
that the set-off was made at a very favourable
valuation in relation to the valuation of the area
established by CBRE Richard Ellis in 2018.

During the period May-June, the Company has issued
interest-bearing bonds with the equivalent of 7,890
MSEK. The bonds have a maturity of five (5) years, and
an annual interest rate of 10 per cent paid twice
annually. The bonds have been admitted to trading on
First North Bond Market with first day of trading on
7 October, 2021. Part of the funds received through the
the bond issue has, as previously announced,
invested in Procon Baja J.V. projects in Mexico in
of loans. As mentioned above, during the period
also by set-off, acquired corresponding to 7.3%
of the shares in Procon Baja J.V

The company works continuously to find additional
funding for the project in Mexico and Procon Baja J.V.
Despite the current
market situation, continued to be positive about the opportunities
in addition.

The company has an agreement with Procon Baja J.V. to obtain
commission corresponding to 1% of all sales in
phase 1, in Procon's project in Mexico, provided that the Company
contribute to the financing of phase 1 of the project. It
total estimated sales volume in phase 1 amounts to
at full exploitation to approximately USD 415 million and has
revised up from previously approximately USD 350 million
as a result of adjusted prices for the dwellings
included in Phase 1. The large potential upside in
however, the project consists of a free
warrant that entitles the Company to within 36
months (March 2021 – March 2024), acquire a maximum of
10% of the entire project at the equivalent of the valuation
as CBRE Richard Ellis determined in March 2018.
With additional funding and in the long term as the project
exploited, the Company considers that this option may be
become very valuable.

[noodle]

oh ye of little faith !!!

[NONON2]

That hasn't aged well.

[NONON2]

Hold on to them until hell freezes over.

[noodle]

Procon Baja JV
Company
Founded: 2016
Parent organization: ProGreen US, Inc. own 51% of Procon Baja JV
We own shares of PGUS NOT trading right now. (private.)
Either Jan buys us out or relist.
The fin Cielo Mar as I read it is the (investing financial arm now)
In my opinion, coming together nicely. Jan did say "hold on to the shares"

[tigerpac]

It means absolutely nothing in the US as the ticker has been revoked from trading by the SEC.

[ATM123]

What does this means to share holders like us who are holding shares since long time

[tigerpac]

Seems like there is a Swedish version of the Cielo Mar website now with a new Board of Directors: No Jan but other names are familiar. Like Michael Hylander (Chairman).

https://www.cielomar.se/

Cielo Mar Finans AB (publ) operates within
financing of real estate projects and was established in 2013
with the aim of acquiring, managing and developing high
returned residential properties on the U.S.
Real estate market. In March 2016,
however, the then stock of properties to
ProGreen Properties Inc. (now ProGreen
US Inc.). Compensation amounted to USD 1,555,000 and
paid in cash with USD 200,000 and in addition to
preference shares worth USD 1,355,000, which
with a voucher of 7 % per year. The company chose
however, in accordance with the agreement, to receive instead
proceeds for the remaining part, USD 1,355,000 in cash,
which, according to the agreement, was originally due for payment
31 December 2017




However, the due date has
postponed due to delays in ProGreen's other
real estate projects and interest on an ongoing basis have been imposed in accordance with
agreement. At the Extraordinary General Meeting in November 2020
however, it was decided to adopt a new articles of association
this includes the adoption of a new name;
Cielo Mar Finans AB (publ). At the same time, a new
board of directors and a new CEO took over in the Company.
Among other things, the company plans to publish
interest-bearing bonds and finance
development of the area through loans to
project company Procon Baja J.V., against collateral,
mortgages, in the property (land). The area
to be exploited valued in March 2018 in
raw land execution by CBRE Richard Ellis at USD 42
million (approximately SEK 400 million) and in November
month 2021 to USD 50 million (approximately SEK 480 million
millions), and is virtually unfunded. The area has
project has been divided into five phases. Full permits for
development and construction exist for the first time
phase of 133 hectares.

On October 15, 2021, the Company's claim on
ProGreen US Inc., at the time USD 1,842,889, by
that this was converted (set off) to 7.3% of the all shares in Procon Baja J.V.S.R.L De C.V which is
owner of the project in Mexico. The Board's assessment is
that the set-off was made at a very favourable
valuation in relation to the valuation of the area
established by CBRE Richard Ellis in 2018.

During the period May-June, the Company has issued
interest-bearing bonds with the equivalent of 7,890
MSEK. The bonds have a maturity of five (5) years, and
an annual interest rate of 10 per cent paid twice
annually. The bonds have been admitted to trading on
First North Bond Market with first day of trading on
7 October, 2021. Part of the funds received through the
the bond issue has, as previously announced,
invested in Procon Baja J.V. projects in Mexico in
of loans. As mentioned above, during the period
also by set-off, acquired corresponding to 7.3%
of the shares in Procon Baja J.V

The company works continuously to find additional
funding for the project in Mexico and Procon Baja J.V.
Despite the current
market situation, continued to be positive about the opportunities
in addition.

The company has an agreement with Procon Baja J.V. to obtain
commission corresponding to 1% of all sales in
phase 1, in Procon's project in Mexico, provided that the Company
contribute to the financing of phase 1 of the project. It
total estimated sales volume in phase 1 amounts to
at full exploitation to approximately USD 415 million and has
revised up from previously approximately USD 350 million
as a result of adjusted prices for the dwellings
included in Phase 1. The large potential upside in
however, the project consists of a free
warrant that entitles the Company to within 36
months (March 2021 – March 2024), acquire a maximum of
10% of the entire project at the equivalent of the valuation
as CBRE Richard Ellis determined in March 2018.
With additional funding and in the long term as the project
exploited, the Company considers that this option may be
become very valuable.

[nickwill69]

whats it going to at open

[noodle]

TIME WILL TELL !!! MAYBE O T C IS NOT the goal.

[powerbattles]

It has been a long time going to be hard for him to relisted on oct exchange now.

[noodle]

Jan has answered me to the best he can legally. I believe progress is being made at Ceilo Mar. We shall see if/when the stock is relisted on an exchange with the updated valuation. https://www.cielomarbaja.com/2021/04/

[powerbattles]

Is this stock dead?

[noodle]

My 2022 see great things for P G U S. If you build it "they" will come!!!

[pepeoil]

Is the equestrian center or marina open yet ? Bwahaaaaaaaaa

[noodle]

Patience Grasshopper!!!

https://tenor.com/view/patience-young-grasshopper-gif-10391979

[Jcbaby1]

Will this come back alive one day or is it gone forever?

[Spiccoli]

did I just notice it has a bid and ask? although they show as 0.00 for both, but I swear I did not notice this before. I'm looking at it on Power Etrade platform.

Best of luck to everybody

[KeMBro2012]

Holding 23,435 myself. I started buying a bit later than some here. I've accepted the loss at this point, so any upswing this might see in the future is just a bonus.

[Jcbaby1]

Yeah but is it coming back for real hopefully it gets relisted and started back up again

[noodle]

LLL OOO LLL

[NONON2]

Show me where this web page, which your quote came from, says a word about cielo mar or progreen or even alludes to Jan getting $$.

https://www.cielomarbaja.com/billions-usd-in-investments/

[NONON2]

This update is old news.... 2019. When did they break ground? Has exit really sold any lots??

[NONON2]

Nobody took my shares. I'm waiting until the IRS let's me write them off. He didn't get a loan and if he was on the way to recovery, he'd being all over publicizing it. You're still dreaming

[noodle]

You just never quit. You dealt directly with the company giving them your money and you did not bother to know EVERYTHING about it. Get your head out of the sand, Jan got the loan but you don't care because you were trying to find out how to take a loss. I am sure someone "TOOK" them off your hands. LOL


What Is a Subscription Agreement?
A subscription agreement is an investor's application to join a limited partnership (LP). It is also a two-way guarantee between a company and a new shareholder (subscriber). The company agrees to sell a certain number of shares at a specific price and, in return, the subscriber promises to buy the shares at the predetermined price.

Who's website did I find this? OH yes, Cielo Mar part of P G U S. LOL

in excess of $250 million will go to each of Baja California Sur and Jalisco.

[NONON2]

I don't know what a subscription investor is and I don't care. If you are referring to notifications, mime probably go to spam. I don't monitor this dead horse...just happened to see your post. Keep dreaming.

[noodle]

So you are a subscription investor ln pg u s and you don't know this???????????????????????????????? LOL


https://www.progreenus.com/cielo-mar-update-26/

[NONON2]

Where does it say it's changing to commercial?

[noodle]

It will list back much higher. With the change of land use to commercial, instead of only the 500,000 they could use, it should be 25 to 50 times higher.

[Jcbaby1]

There maybe life for pgus after all ?

[eur06]

Wow ! I still have mine also but just over a million……I still believe one day soon….

[noodle]

Everyone but 2 of us must have sold before it was delisted. Still holding my 25,000,000 shares, per Jan's advice.

[noodle]

https://www.cielomarbaja.com/2021/04/

[noodle]

Investors will fund projects in Yucatán, Quintana Roo, Baja California Sur and Jalisco
Published on Tuesday, April 27, 2021
The pandemic may not be over but air travel between Mexico and the United States is nevertheless set to rebound strongly in 2021.

Member companies of the World Travel and Tourism Council (WTTC) will invest US $2.5 billion in projects in four Mexican states, the WTTC chairman announced Monday.

Speaking at the WTTC’s global summit in Cancún, Quintana Roo, Chris Nassetta, who is also the CEO of Hilton, said the investment will go to Quintana Roo, Baja California Sur, Jalisco and Yucatán and generate more than 100,000 jobs.

About 65% of the total investment, or $1.6 billion, will go to Quintana Roo, and in excess of $250 million will go to each of Baja California Sur and Jalisco. Nassetta didn’t offer details about the projects, but much of the money is believed to be destined for the hotel sector.

[noodle]

MAYBE there is still life IF we are part of this !!!


Investors will fund projects in Yucatán, Quintana Roo, Baja California Sur and Jalisco
Published on Tuesday, April 27, 2021
The pandemic may not be over but air travel between Mexico and the United States is nevertheless set to rebound strongly in 2021.

Member companies of the World Travel and Tourism Council (WTTC) will invest US $2.5 billion in projects in four Mexican states, the WTTC chairman announced Monday.

Speaking at the WTTC’s global summit in Cancún, Quintana Roo, Chris Nassetta, who is also the CEO of Hilton, said the investment will go to Quintana Roo, Baja California Sur, Jalisco and Yucatán and generate more than 100,000 jobs.

About 65% of the total investment, or $1.6 billion, will go to Quintana Roo, and in excess of $250 million will go to each of Baja California Sur and Jalisco. Nassetta didn’t offer details about the projects, but much of the money is believed to be destined for the hotel sector.

[noodle]

Pick # 4 is taking longer than expected. I have confidence in it eventually hitting .66 before summer.

New pick I got in today at .0024, it could go back down to .0024, or it could take off from here, SO
PICK 5 E V I O .003-.006

[NONON2]

According to delaware, he had a biz license for 2019 and 2020 but has not gotten one for 2021...

[NONON2]

FYI....I'm trying to figure out how to write off the defunct private placement stock.....and found this from delaware dept of state, division of corporations.....

Last Annual ReportFiled: 2018
Status: tax delinquent
Taxes due: $453,636

Its really pi***** me off that he will not respond with some kind of document showing that this company is worthless.