unkown
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Someone just trying to load more 5's. Probably pull them off once 6's really get going. IMHO
$696K total assets vs. only $113K in total liabilities which gives us POSITIVE owners' equity of $583K. And of course trading as clean as a whistle! Great set-up for new cybersecurity owners. IMHO
I agree! Quite deceiving for the newcomers who come here and just glance at our Ibox. Movie stuff should be deleted IMHO.
Balance sheet looks quite good! $696K total assets vs. only $113K in total liabilities which gives us POSITIVE owners' equity of $583K. Doesn't get much better than that down here in the trips! IMHO
I do not believe I have either. Added more on this dip but this crazy action does make me a bit less confident. Guessing that is what they are trying to instill on us for their benefit somehow.
Very undervalued to begin with and now more good news should be released by the end of the week. IMHO
Yes. Just break through this resistance in the mid-forties and we will start trading much more freely! IMHO
Large chunks of ITKH's small (<200M) float being bought up. With the fundamentals and SS this one could run hard soon! IMHO
Very nice afternoon and close!
ITKH has been undervalued and un-loved for several months. This is a growing profitable company at the forefront of the digital advertising wave. Float under 200M and profitable revenues are growing rapidly. Should not be trading under a penny. IMHO
Add in another $28k.... "if the redemption is on the 121st day this Note is in effect, up to and including the 180th day this Note is in effect, then for an amount equal to 125% of the unpaid principal amount of this Note along with any accrued interest."
Looks to be fully paid now...
ProGreen US, Inc.? @ProGreenUS 12m12 minutes ago
More
We are now happy to be able to communicate that the Bellridge note has been paid off in cash
Yes the first year has a lot of fixed costs with the land prep, wells drilled, solar system installed, machinery purchased and irrigation system installed. I'm sure there has been a learning curve that will be improved upon going forward. Once they have proven themselves as a viable farming operation I would think they should be able to get better financing for the cost of planting although I am not familiar with local Mexican banks at all. All I know is that we are trading far below the value of all the land that PGUS has aquired at a great price point. IMHO
Like Jan tweeted PGUS is working on paying the notes.... From 10Q.... "In September 2017, the Company paid $103,000 of the Bellridge Convertible Note. See Note 13."
Nice updates on Twitter ....
Maybe our long-awaited turn around has begun. Now a positive update from the company indicating we have a definitive deal closure would look nice. IMHO
Very nice volume today! Would be nice if one of the tech savy mods could update the ibox to highlight the new direction the company has taken. Kind of nice if all the new eyes peeping over here could glance at ibox and note we are now Optium Cyber Systems, Inc. with new management. IMHO
Nice job of buying today. Good to shed the flippers without giving them too much profit. Nice solid day. Will need more like it on our way back up. IMHO
Now it's time for the flippers to do their thing and make their small change while us longs wait for the big prize. I would expect some correspondance from Jan in the very near future now that the note-seller is finished. IMHO
Agree completely! Nicely said....
Cross trade! Seller is done!!! IMHO
With the T-trade today that brings the total up to about 7.6M shares sold into the float Thursday, Tuesday and today. If Power UP converted all their shares right away they should be about done right now. If they converted only those first 2.3M and then reset the formula using .01 as new low they would have probably close to 2M more to sell. Either way we are about done with this fire sale. Less than a 3% increase in the OS of PGUS led to almost a 50% reduction in price. That is crazy and should soon correct! Overall I think we are being a little too hard on Jan for this little miss-step when you stop to think of all the things he has done so smartly for us shareholders over this past year. This low price hurts when looking at my portfolio balance but I have used it to control a greater percentage of the float now than before. I believe we all will be happy very shortly. When you think about it even though the share price has been sickly the fundamentals of PGUS have never been stronger!
IMHO
"In Jan's last interview he said the harvest will be on-going until near the end of the year. So a three cut harvest means that the second cut will be in mid October and the third cut mid December."
I would guess the main cuttings to be about a month or so apart. The would mean the 2nd cutting of the main acreage would be around the middle of Sept. should leave plenty of time for the cash flow to work out.
I also would guess the 1st 2 cuts will result in a larger harvest than the third or even fouth if weather conditions are favorable. When Jan mentioned harvesting until late in year I would guess he was refering to the plantings that were staggered later into the growing season.
I know we all can't wait for all those notes to be paid off but I do not agree on your schedule of the harvest timeline. IMHO
Nice volume and lots of buying interest at this price. I think we may have seen the bottom. Probably not a whole lot of shares left.... IMHO
The trader for Power Up must have packed his bags early yesterday afternoon and left on a long weekend. Looks like it's going to be a quiet Friday.
I would also guess that they converted the full 60k yesterday and just sold about 1/3 and called it good for today. Another day or 2 we should be done as long as there is enough buyers at their price which seems to be around .011. I think there will be enough interest that it wouldn't take too long. End of Monday they will probably be all done if not earlier. Thanks for going through the effort and showing the math to explain it to everyone. IMHO
That cross trade for 2.23M signaled the end of converted share selling for today. But if he has a total of around 8M it will take a couple more days or so. Probably see a bunch more volume in this range again tomorrow. IMHO
I agree we don't need to fatten their pockets any more that they are already. If the seller only sold the 2.23M today then you still have a very good chance at being filled down there. Even though I have plenty myself I will try to add more around .01. Hard to resist at this price. IMHO
Not sure it was a cross trade but looks like the buyers are starting to get a little impatient as the volume rolls on up. IMHO
Could be enticing to someone. Kind of overshadows my .0101 bid though...
Did you move your bid up a bit?
Guessing we will hit the penny mark one more time today but don't believe we will break below it. Be nice to see over 10M in volume today and close above .01. and it would be good to get though these extra shares in just a few days. They really are a very small percentage of our outstanding.
When Jan bought those last shares a week or so ago he was probably just trying to support our share price so the number of shares converted would be as low as possible. Only reason I can think of why he would be buying right before he knew these extra shares were going tobe converted and added to float. Jan was still looking out for us shareholders as he knew the price would soon drop. Hopefully he is adding also at these lower prices. IMHO
"Jan has made all the right moves and yet the share price has been in a steady decline since the first of March."
Jan has been making all the right moves he possibly could and still the share price was declining. All the great business developments plus him buying shares in the open market hand-over-fist plus lending the company 500K at a reasonable rate... nothing seemed to help the share price. So he probably noticed all the other OTC stocks diluting their shareholders and then seeing their stocks soar 500 to 1000 percent. Maybe he just became tired of carrying the load himself. Maybe he knows of a new group wanting to get in low that will carry PGUS share price to the promised land. Seems like in the OTC we have to see a dip before the rip. Thinking we are seeing the dip right now and shortly the rip will follow! IMHO
Jan added more shares....
TELANDER JAN
--------------------------------------------------------------------------------
(Last) (First) (Middle)
6443
INKSTER ROAD
--------------------------------------------------------------------------------
(Street)BLOOMFIELD TOWNSHIP MI 48301
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(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Progreen US, Inc. [ PGUS ] 5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)X Director 10% Owner
X Officer (give title below) Other (specify below)
CEO
3. Date of Earliest Transaction (Month/Day/Year)
08/15/2017
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line) X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 08/15/2017 P 25,000 A $ 0.179 24,313,165 D
Common Stock 08/15/2017 P 90,000 A $ 0.018 24,403,165 D
Common Stock 08/15/2017 P 40,000 A $ 0.0182 24,443,165 D
Common Stock 08/15/2017 P 20,000 A $ 0.0185 24,463,165 D
Thanks for sharing all the note(s) details. Have to admit the conversions are disappointing but in the ag business cash flows can be somewhat unpredictable. I know he thought when he took that first note out that harvest was going to start early in July but I guess land prep took a little longer than expected. It has still been tremendous progress considering the land was isolated desert just months ago. All things considered I would have to view this as just a very small setback and I'm sure Jan feels as bad as us about this. Maybe this little dip will bring us the new buyers we need to take this to the next level. IMHO
Times it by the 30.8 after RS and that would leave then around 730k of the aprox 30M os.
I was lucky enough to be out on Fridaay so I pulled my GTC order to open a position here at .0038. Had been DD'ing for a few days.
Will check back in a few months to see how things are turning out with new company.
IMHO
"Settlement of Dugan Warrants and Romano Warrants. The Dugan Warrants and the Romano Warrants that are issued and outstanding at the Effective Time, shall automatically be cancelled and extinguished and converted, without any action on the part of the holders thereof, into into a total of twenty three thousand six hundred forty nine (23,649) EXOL Preferred B Acquisition Shares, of which eleven thousand nine hundred sixty four (11,964) shall be issued to Dugan and eleven thousand six hundred eighty five (11,685) shall be issued to Romano. All such Dugan Warrants and Romano Warrants, when so converted, shall no longer be outstanding and shall automatically be cancelled and retired and shall cease to exist, and each holder of a certificate representing any such warrants, if any, shall cease to have any rights with respect thereto, except the right to receive the EXOL Preferred B Acquisition Shares exchanged in consideration therefor upon the surrender of such certificate in accordance with this Agreement."
This would calculate out to roughly 3% of new company I think.
They will get to buy their companies back and pay about nothing I am thinking. And they probably were gifted a nice chunck of SPPC right before this merger as an "inducement" for them to agree to the deal. If true a deal like this should be illegal. IMHO
I think you are right about peeps waiting to see those convertible notes paid off. We know they will be with the cash received from the pepper harvest.
Some of the sell-off today could be from the quantity of the harvest being just a tad bit lighter than expected. (up to 3000 tons expected now vs. 3,000-3,600 tons from signed contract. But total dollars brought in from harvest will still be as anticipated as Jan stated the selling price of the peppers now are higher than expected. (contract ammendment was made) And much was learned from this first crop and process improvements are in place to possibly double the yield per acre for next year as well as adding a winter crop to the rotation. (plus adding the additional acreage) Very exciting times at the farm as well as at the ocean-side development (CieloMar)! IMHO
I added another 187+k that won't be flipped until I see another digit added to the price.