Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
PGUS
New website is LIVE AND RUNNING..looks great, way to go JAN
http://www.progreenus.com/
New website is live and running.. looks great way to go Jan
http://www.progreenus.com/
PGUS
PGUS News
ProGreen Launches New Company Website
BLOOMFIELD TOWNSHIP, MI--(Marketwired - May 30, 2017) - ProGreen US, Inc. (ProGreen), (OTCQB: PGUS), www.ProGreenUS.com, @ProGreenUS, is a US company engaged primarily with investments in agricultural and real estate projects in Baja California, Mexico, both through its joint venture partnership with Inmobiliaria Contel S.R.L.C.V. (Contel) and through its majority-owned Mexican subsidiary Procon Baja JV (Procon), www.CieloMarBaja.com.
ProGreen is pleased to announce the launch of the newly built ProGreenUS.com website. The site is hosted on a new platform and will go live at noon today.
The new website platform makes it possible for ProGreen to provide ongoing updates, necessary for the increasing amount of new information that will continuously be added.
"We believe that our new website will better show the company's expanding business involvement in Baja California with agricultural and real estate projects, as well as allow the public to more easily follow the progress," says Jan Telander, President and CEO.
Websites:
www.ProGreenUS.com
www.CieloMarBaja.com
ProGreen Launches New Company Website
BLOOMFIELD TOWNSHIP, MI--(Marketwired - May 30, 2017) - ProGreen US, Inc. (ProGreen), (OTCQB: PGUS), www.ProGreenUS.com, @ProGreenUS, is a US company engaged primarily with investments in agricultural and real estate projects in Baja California, Mexico, both through its joint venture partnership with Inmobiliaria Contel S.R.L.C.V. (Contel) and through its majority-owned Mexican subsidiary Procon Baja JV (Procon), www.CieloMarBaja.com.
ProGreen is pleased to announce the launch of the newly built ProGreenUS.com website. The site is hosted on a new platform and will go live at noon today.
The new website platform makes it possible for ProGreen to provide ongoing updates, necessary for the increasing amount of new information that will continuously be added.
"We believe that our new website will better show the company's expanding business involvement in Baja California with agricultural and real estate projects, as well as allow the public to more easily follow the progress," says Jan Telander, President and CEO.
Websites:
www.ProGreenUS.com
www.CieloMarBaja.com
Looks like the Home page to the New Website is coming along real well looking good.....
www.progreenus.com/
Keep it Coming Jan
PGUS
I wonder, how much patience do you think it takes for "shareholders" to be happy holding a position in any stock?
You'd have a hard time finding ANY stock on ANY board with a track record like PGUS AND with a future outlook like ProGreen's. This is why so many are holding long. All it takes is a casual glance at the chart to know that (below).
ProGreen is also undervalued by several hundred percent IMO (not just my opinion, but MFN, Dmdmd2020 and INSTATRADER and others who have posted DD and valuation estimates on the board). We're due any time now for a continuation of the upward price correction, and the chart shows that breakout is imminent.
So are you just talking about momo traders and short-term swing traders? If so, by definition they are not patient. But we already know that. So what is the point?
I agree with you that Jan will make this agriculture and land company a success, but to dangle the suggestion that it could take years to be a successful company is ludicrous, in my humble opinion. The company is already very successful. Yes, it's going to take time before the company takes a big bite out of it's growth potential and gets anywhere close to the value it can achieve - but that's only because there is TREMENDOUS, almost unlimited potential for growth and increased value.
The company has already acquired/controls over 5,000 acres of oceanfront land with the master plan well underway for Cielo Mar - WITH 25 lot reservations already, and has acquired/controls over 14,000 acres of land, of which 4,000-5,000 acres are estimated farmable for high-margin produce growing operations, and established the first produce farm in Baja with the first $1M+ contract and a fully-operational growing operation - with the first harvest in just a little over a month from now.
So what is your measure of success? Right now, the sale value of the business is probably significantly higher than the market cap, just from adding up the tangible and very significant intangible assets: the strategic business entities and joint venture agreements involving the 5000+ acres oceanfront real estate land and the 14000+ acres of agricultural land - WITH an operating farm (Arenoso) - WITH the first $1.M+ produce contract.
But we are not selling the business Jan is growing the business and ProGreen is on a trajectory for huge growth and success in just a short amount of time..
PGUS Longterm Generational Wealth
Most of us posting anything about a PPS value have said nothing about a prediction for price at any specific time, other than posts showing chart TA - which is exactly that: technical analysis for predicting movement. We have concerned ourselves with the DD and fundamentals that relate the future value.
Based on real fundamentals, the value is several multiples of the current share price. So yes, as more investors learn about the company and understand the DD and fundamentals it's very possible that the price will move much faster than what you say.
Currently I do believe with the 5100 acres now secured by deeds current lot reservations some with commits to build, plots of the topographical plan done, first phase location layout, and with all the land we have available for growing produce and showing the contract currently being grown on the first tract 6x where we are currently trading .12 would be more of a fair market value IMO
Also while looking through the Cielo Mar site today I ran across this 5 More Reservations Requests have been made leaving only 5 left in the first offer........
1 Second Line
1 Third Line
2 Forth Lines
1 C lot
Jan continues to shine......
PGUS
WOW look at the L2 at .023 seriously??
Your honesty is good explains the trading today vs manipulation longs got to stick together some may disagree but if you run into problems like that maybe shoot out a pm if you don't want to do it public see if some longs will help take a few off your hands for a good cause just my thought...
Pgus
Business Update
May 23, 2017
New website – we are excited to be launching a new ProGreenUS.com company website that will be completed next week. Certain content will be unavailable in the meantime.
Arenoso – the pepper plants at Arenoso are doing well, and we expect to be able to have a new aerial video showing the progress of the plants after the first week of June.
Cielo Mar Reservations – 20 lot reservations have now been executed, of the 30 allocated to the First Reservation Offer (https://www.cielomarbaja.com/first-reservation-offer/).
Cielo Mar Master Plan – work continues on the master plan. We believe we will be able to post a first plan sketch showing the different segments and general layout of the Master Plan during the month of June. This will then be updated regularly as progress is being made.
Ensenada Office – working on the design and layout of the office space for our immediate uses; we have 3,000 sq ft available, we anticipate using half of this to start, with the remainder to be added at a later time when we’re ready for sales/marketing of Cielo Mar.
Michigan Property Portfolio – since our most recent update, we have now closed on two further Michigan properties, with another two under contract.
HQ Moving Status – the office furniture and equipment is being shipped out this weekend, and we expect to have the new ProGreen US headquarters, in the northern part of San Diego, fully operational by mid-June.
Check back here for further business updates, and follow us on Twitter for alerts @ProGreenUS
Glad to see someone else is catching on to what's been going on here, they been doing it since .005 they do it to try and kill the momentum. IT WONT WORK FOR LONG THOUGH :)PGUS LONG
PGUS Valuation & Oceanfront Land Development
I see the current value of PGUS as follows, based on numbers provided and the basis given further below.
DIRECT VALUE CONTRIBUTION FROM 1st LAND TRACT = $21.4M / 349M (shares O/S) = $0.061 pps
+
Very high intangible value of JV (incl. pennies-on-the-dollar land owner relationships) & contract assets (e.g. ~14,000 acres of land under control), and the strategic business entities formed in Baja
+
Speculative value of further business development within this year (including increased ag land use, acquisition of the oceanfront land)
I believe the intangible and speculative values are multiplicative and raise the direct value from the initially expected revenue stream by a factor of 2. As an emerging growth company that is only just beginning to generate revenue, this is a very reasonable adjustment, IMHO. So the value of PGUS at this moment is arguably in the range of $0.12 pps. PGUS is significantly undervalued with today's price being far less than a dime.
-----------------------------------------
I see the minimum value of PGUS upon closing the oceanfront land deal as follows, based on numbers provided and the basis given further below.
DIRECT VALUE CONTRIBUTION FROM 1st LAND TRACT = $21.4M / 349M (shares O/S) = $0.061 pps
+
Very high intangible value of JV (incl. pennies-on-the-dollar land owner relationships) & contract assets (e.g. ~14,000 acres of land under control), and the strategic business entities formed in Baja
+
LAND ASSET VALUE UPON CLOSING (resale/market value), CONSERVATIVE ESTIMATE: $7.2M (ProGreen's portion)
CONTRIBUTION TO VALUATION = $7.2M / 349M (shares O/S) = $0.021 pps
+
Speculative value of further business development within this year (including increased ag land use, oceanfront land development moving to the next level)
I believe the intangible and speculative values are multiplicative and raise the direct value from the initially expected revenue stream plus resale value of the oceanfront land by a factor of 2. As an emerging growth company that is only just beginning to generate revenue, this is a very reasonable adjustment, IMHO. So the minimum value of PGUS upon closing on the oceanfront land is arguably in the range of $0.16 pps - when including only the direct resale value of the property. However, much more is expected from this property, and this is where the valuation can be much higher and will be based entirely on the vision and speculation time horizon of investors. This is because in possibly a very short time - within a few short months - ProGreen could begin monetizing the oceanfront land, which could easily double the business value. And within perhaps this year even, we could see permits issued and the business could be valued 10x higher than that!
-----------------------------------------
Oceanfront Land Development (ProGreen Village) Valuation in PPS (see further below for the basis)
LAND ASSET VALUE UPON CLOSING (resale/market value), CONSERVATIVE ESTIMATE: $7.2M (ProGreen's portion)
CONTRIBUTION TO VALUATION = $7.2M / 349M (shares O/S) = $0.021 pps
LAND ASSET VALUE UPON COMPLETION OF THE INITIAL MASTER PLAN DRAWINGS & INITIAL MARKET OFFERING: (10% x $921M) / 2 = $46M (ProGreen's portion)
CONTRIBUTION TO VALUATION = $46M / 349M (shares O/S) = $0.132 pps
LAND ASSET VALUE UPON COMPLETION OF DETAILED MASTER PLAN AND PERMITS ISSUED: $921M / 2 = $460M (ProGreen's portion)
CONTRIBUTION TO VALUATION = $460M / 349M (shares O/S) = $1.32 pps
Agriculture Land Valuation in PPS Considering only the farmable portion, ~1/3 of the land
Revenue for growing / supply direct to US importers is on the order of 10 TIMES what we were expecting for leasing the land!
As an example, Contel could produce 2 cycles in a year, first cycle for garlic at $6,000 per acre PLUS the second cycle for onion at $4,000 per acre (I'm using the MIDRANGE values here). That's $10,000 per acre per year for growing, compared to the $800-$1,200 per acre per year for leasing!!
Using these MIDRANGE numbers, we see $10,000 per farmable acre - that's $10,000 x 150 acres = $1,500,000 revenue PER YEAR just from growing on HALF of THIS tract! If the farming operation costs are ~$300K (2 cycles x $150K/cycle), this gives a profit of $1.2M. ProGreen's portion is then $600K. Using the Stern "Current" P/E ratio of 35.65 for the farming/agriculture sector, this contributes a valuation of 35.65 x $600K = $21.4M.
With nothing else accomplished this entire year but utilization of the prepared 150 acres from the 1st 300 acre land tract:
PPS VALUATION (1st tract) = $21.4M / 349M (shares O/S) = $0.061 pps
Now consider "As more buyers are coming online, we are likely to accelerate further preparation of additional land for the growing operations in order to satisfy the increasing commitments, starting with the 760 HA* (1,900 acres) tract for which we have made the access road, referred to in the previous announcement in May."
Extending the growing operation to 400-600 (estimate - say 500) farmable acres on the 1,900 acre tract could yield $10,000 x 500 acres = $5M additional revenue. If farming operation costs are ~$1M ([500/150] x $150K/cycle x 2 cycles), this gives a profit of $4M. ProGreen's portion is then $2M. Using the "Forward" P/E ratio of 24.78 for the farming/agriculture sector, this contributes a valuation of 24.78 x $2M = $49.5M
PPS VALUATION (1,900 acre tract) = $49.5M / 349M (shares O/S) = $0.142 pps
And we have much more land under our control for further growth. If the growing operation were extended to, say 3,000 (estimate) farmable acres on the remaining ~11,100 acres (3-year option), we see additional revenue of $10,000 x 3,000 = $30M. If costs are ~$6M ([3,000/150] x $150K/cycle x 2 cycles), this gives a profit of $24M. ProGreen's portion is then $12M. Using the P/E ratio of 24.78 for the farming/agriculture sector, this contributes a valuation of 24.78 x $12M = $297M
PPS VALUATION (3-year option land under control) = $297M / 349M (shares O/S) = $0.851
-----------------------------------------
Basis for LAND ASSET VALUE
We are looking at 1842 hectares (4550 acres) PLUS whatever the additional 1.6 miles of oceanfront lands adds to this: 1842 hectares + 1.6 miles "linear" (for a total of 4.0 miles of oceanfront).
Since we don't know the added land size for the "+1.6 miles of oceanfront" I will just be conservative and use the 1842 hectares (and we can just KNOW that the value will be substantially higher due to the additional 1.6 miles of premium oceanfront land).
The following value estimation uses a piece of land that is currently on the market in Baja California:
https://cancun.estate/investment-opportunity-land-in-baja-california-bids-are-accepted
I am quite confident that this is not the land that we are acquiring, as I believe Jan when he states that we are acquiring land with 4.0 miles of oceanfront - he is describing land that can be developed on the 4 miles of oceanfront for residential/commercial construction. However, it is very applicable here for valuing the oceanfront land that we will be acquiring.
Using the link below, it can be seen that this land is fairly close to the region in Baja where ProGreen currently controls the 14,000 acres of land targeted initially for agricultural use. Though this land example is on the Gulf side, I expect that the land that we are acquiring is on the Pacific side. The Baja Peninsula is characterized by a mountain and hill range that more or less divides the two coastlines much like the Rockies divide the US. Since everything Jan has done to-date has been on the Pacific side, and his experience and connections seem to be on this side, it follows that the oceanfront property is likely to be on the Pacific side and, more to this point, is likely to be in the general latitudinal region of El Rosario (my opinion only). This link will open a Google map to the land, and zooming/panning can be used to see where the land is situated:
https://www.google.com/maps/place/29%C2%B028'02.7%22N+114%C2%B010'12.0%22W/@29.3362926,-114.4544302,105830m/data=!3m1!1e3!4m5!3m4!1s0x0:0x0!8m2!3d29.46742!4d-114.170002?hl=en
The image I created here gives a clearer view of the land:
The following 2 images are close-ups showing some sections with 3 or 4 miles of coastline. It can be seen here that large portions of this land could not be developed (very efficiently) for residential/commercial construction, and so would likely have a much lower value in the market than what Jan is acquiring for ProGreen.
This example has a market price of $500M for 127,715 hectares, which is about 69x the size of the land that we are acquiring: 127,715 / 1842 = 69.33.
So, the price for 1842 of the total 127,715 hectares would be $500M / 69.33 = $7.212M. But the great majority of the land in this example is completely unusable (or very difficult and therefore not feasible) for residential/commercial construction, and only a small portion could actually be called ocean"view" and much less could be ocean"front" as it pertains to residential properties. This is because of the rough terrain that constitutes the waterfront areas. Even the claim (in the ad) that 20 of the 64 km of coastline is "virgin beach" is a stretch, because much of that "beach" is backed directly by heavy terrain which would not allow for construction with a view of the water. Note that in the "kitchen sink" advertisement, the seller is also pitching the potential for mining on the land in an effort to assign some value to much of the land that cannot be used for construction (with this in mind - mining - it's also possible that much of this land is not very "green" if previous mining operations have contaminated soil and/or ground water supply).
From a real estate value perspective, if a buyer were to cherry pick smaller portions of the land offered in this example in order to obtain only the best land for developing waterfront views and premium waterfront properties, the price would be multiples of the bulk land price (per hectare). Arguably, the multiple could be 3x or higher, but for conservative estimating I will use a multplier of 2x. This number, though arbitrary, seems very reasonable considering that 20 of the 64km is considered "virgin beach" and that upon closer inspection a far smaller portion could even provide a view of the water. This gives a price of 2 x $7.212M = $14.4M.
I will assume that the deal for this purchase is consistent with the leverage position that Jan has developed using Contel and the relationship with the land owners who hold their rights to the land through Ejidos, as he's done with the agricultural land. By this, I mean that he is acquiring this land for ProGreen with Contel as part of the Procon JV, for "pennies on the dollar," and that ProGreen will effectively own/control 51% and add this land asset to our balance sheet at the purchase price, with ProGreen receiving 50% of the profit for land use/lease or sales (after first recovering our investment cost - the purchase price). Using 10% of value for the pennies-on-the-dollar price paid, this would be an investment cost of about $1.44M paid, for a current "value" of 50% x $14.4M = $7.2M. I also expect that Jan would make the purchase with terms favorable to ProGreen such that only a small portion of the $1.44M would be paid intially with the remainder payable over 3-5yrs.
So I'm estimating (conservatively) an asset value - to ProGreen - of $7.2M upon closing (though we would likely see only the purchase price paid on the balance sheet, probably in terms of a receivable, as well as a liability for any unpaid amount until paid in full).
LAND ASSET VALUE UPON CLOSING (resale/market value), CONSERVATIVE ESTIMATE: $7.2M (ProGreen's portion)
-----------------------------------------
As soon as an initial master plan drawing is completed, the value increases. Additionally, at this time it is possible that Jan could actually begin monetizing the land by selling reservations for plots to speculative investors (on the future value for personal property or for flipping). Because this is still a very speculative early phase, I will ballpark the total land value (for business/stock valuation purposes) at just 10% of the conservative future value when a detailed master plan is completed sufficient for issuance of permits. So this number is calculated from the result of the next section:
LAND ASSET VALUE UPON COMPLETION OF THE INITIAL MASTER PLAN DRAWINGS & MARKET OFFERING: (10% x $921M) / 2 = $46M (ProGreen's portion)
-----------------------------------------
As soon as a detailed master plan is created and permits are acquired, serious contracts and money can begin flowing and the value would be substantially higher. At this point, we would be looking at a valuation starting with comparable sales of land plots, though the value could be much higher if we were to participate in some of the development/construction.
Based on the following conservative comparisons:
LAND ASSET VALUE UPON COMPLETION OF DETAILED MASTER PLAN AND PERMITS ISSUED: $921M / 2 = $460M (ProGreen's portion)
The following example is truly a low-end baseline for valuation (IMHO), and even this estimate shows enormous profitability!
Take this "master plan" drawing as an example:
http://www.bajaforme.com/Resort_Map/page_2090341.html
(gotta love the browser title for the page, lol: Trailers for Sale or Rent - https://www.youtube.com/watch?v=7ZuQhP3rn6o)
Now, I find this to be an entertaining reference example for the future value of the oceanfront property, to say the least. But it is a reference example, nonetheless.
If you look at the price, $10K, for a 10m x 20m lot size and extrapolate over the 4550 acres, you get 10m(32.8ft) x 20m(65.62ft) = 2,152 sq ft; 4550 acres = 1.982e+8 sq ft; 1.982e+8 / 2,152 = 92,100; 92,100 x $10K = $921M. Now, I will argue that the price of land for the ProGreen Village master plan will be valued much higher than that of a trailer park. But I will still use this as the convervative valuation of the asset once a detailed master plan is completed and permits are issued.
And sure, I would expect that ProGreen will go a bit further with some of the land than just turning it over to other developers. So we will likely see a small portion of the land contributing substantially higher revenue and profits from development and construction. Also, I think there's a high probability that ProGreen will retain ownership of some of the land for generating long-term residual revenue through commercial and/or residential leasing of land and property assets.
(thanks for the DD on this example, Dmdmd2020, good find - http://investorshub.advfn.com/boards/read_msg.aspx?message_id=127264733)
Another example
http://www.northernbajarealestate.com/Listing/ViewListingDetails.aspx?listingId=86694426
$269,000 USD
Beautiful one hectarea (2.5 acre) parcel in La Mision for sale this property is prime and has the best views of the valley, moutains and ocean that you will find in this area! The property also has plenty of water if you want your own well! It is sloping but is already terraced into several levels and could be either a ranch or you could build atleast 5 homes all with amazing views and large lots. Electricity phone and high speed internet are available. Come and take a look youi will love this property!
Information About the Potential Oceanfront Land Development in Baja
We would like to elaborate on the information that we presented in our press release on Tuesday, December 12, 2016.
The land is approximately 4,550 acres gently sloping down towards the sea with 2.4 miles of oceanfront, perfect for exclusive dwellings. The development should be totally “green,” powered by solar, complete with all services, such as paved roads, sewage, water supply, street lighting, etc. Wastewater from sewage plants to be recycled and reused for irrigation of golf courses.
Potentially, we could see this development with:
Commercial Areas for Shopping, Restaurants etc.
Golf Courses
Hotels
Equestrian Center
Marina
Condominiums
A lots, Luxury Prime Oceanfront
B lots
C lots
Sports and Recreation Center
Beach Hotel with Beach Club
With so much land available, we envision mainly low-rise construction to maintain open views.
Further updates and more information will follow when available.
With regard to further real estate investment opportunities, ProGreen is presently in advanced discussions with a landowner concerning the possible acquisition of 4,500 acres of oceanfront land through its subsidiary in Mexico, ProCon Baja. The intention would be to develop a master plan, obtain necessary permits and bring investors and developers into individual real estate projects.
Hope some of these posts help with DD and further explanation of the value coming here.. Its huge
PGUS LONG
PGUS A Sticky DD posts dating back to summer 2016
4/05/17
Here's another interesting attraction in the area
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=130200348
4/05/17
Now look at this article: 8 Places With Always-Perfect Weather
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=130206143
(scroll down to the climate and related articles info)
4/01/17
Great summary, Dmdmd2020. And what's sweeter than that...
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=130088159
3/31/17
Form D - Let's get this straight. A Form D is nothing more 3/31/17than a technical filing when unregistered shares MAY be "sold" (in this case, they are NOT). This is NOT happening!
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=130065050
3/27/17
Right, sewer - check it out! Jan the Man, ProGreenUS CEO buying up Baja!!!
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=129905931
3/22/17
Agreed, allenc. Just finished "dissecting" and all is as expected. Statements show net ~$500K assets increase over liabilities and nothing new on that front other than the oceanfront land. Subsequent events...
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=129750529
3/17/17
Funny thing is, if this was any other OTC stock we'd all be chatterin3/17/17g about how soon do we think the dilution will end from the last note. There IS NO dilution - paid off in cash!
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=129629369
3/16/17
Especially when you consider that this land, when appraised in it's raw condition, would probably be worth $10M or more. With a master plan of ANY type, it will be worth 10's of multiples of that number. This can be verified very easily by looking at "comps" that have been posted here by Ddmdm2020 and me
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=129589374
3/09/17
What's so compelling about PGUS? Okay, so...
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=129361453
3/09/17
That may be true of most/all other OTC tickers, but PGUS is not just any other ticker
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=129354903
3/08/17
Wonder how Government meeting went?
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=129335566
3/06/17
This is really awesome, Davis! You can easily see that Jan is covering all the bases...
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=129237752
2/25/17
Absolutely, right on the nose, flacrusher! I added 1.2M just in the last 30 days.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=129010983
2/25/17
I've said in more ways than one how I see very easily how PGUS could be / should be trading in the $1+ range a year from now
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=129005372
2/23/17
That was a great conference call! Love how they ran it, and Jan was just TRUE JAN - very well done!
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=128960129
CC Video: https://www.youtube.com/watch?v=tQIPofOm0-Y
2/22/17
Why buy PGUS? Okay, so...
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=128916367
2/17/17
Getting Alejandro Espinoza Arroyo onboard is a major achievement. Not only does he have skills and experience that will be very beneficial, but it's one heck of an endorsement. Just look at Alejandro's background:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=128809504
2/16/17
Great find! Most people probably don't realize that
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=128755126
2/09/17
Solar-powered Baja - "This will also be a totally green community."
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=128573036
2/09/17
Summary / highlights from Jan's latest interview with Uptick. I just finished listening for the 3rd time, and I took notes to highlight...
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=128569189
2/07/17
Now that we know where the land is, check out
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=128491736
2/01/17
Here it is, here's where we're going: 5,100 acres and 4.7 miles of oceanfront! Now we're talking about 8 SQUARE MILES! And it's a done deal:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=128342935
1/23/17
CEO bought 20M shares on the open market through 2016 at prices as high as 0.0241
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=128064197
1/25/17
Folks, I received some PM's from a couple of members who are just learning about ProGreen, asking how realistic I truly feel it is - in the foreseeable future - for PGUS to reach anything close to the numbers that I provided in two recent posts
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=128124014
1/23/17
Now THAT's what I'm here for! Jan Delivers! PGUS delivers!
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=128053239
1/16/17
PGUS For real investors only, especially those interested in building generational wealth (others will get very bored... or maybe just gloss over the bold print, lol)
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=127902729
1/16/17
PGUS Valuation & Oceanfront Land Development
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=127900999
1/05/17
Here is the 4-mile scale overlaid in the area of Spain where Jan built that Rocas Del Mar development. That's a LOT of oceanfront land!!
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=127648351
12/14/16
MASTER PROJECT PLAN FOR DEVELOPERS - 4500 ACRES PROGREEN VILLAGE!
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=127251649
12/13/16
OMG, this is fantastic INSTA. As you said, 150 acres MORE that can be monetized in other ways
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=127214026
12/13/16
Wow, still trying to digest this but NO CRAP there was a good reason for the time that's passed and Jan's behind the scenes activities, recent funding, and more
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=127212543
12/09/16
Jan (CEO) has been investing heavily in PGUS all year, including Ulf & Frederic Telander and EIG Capital
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=127127696
10/10/16
Recap of the 2016 evolution of the ProGreenUS Baja California land development business
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=125688624
9/20/16
Why PGUS upward price movement is only starting
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=125276611
9/19/16
PGUS 10-Q Summary, Balance Sheet looks great, verified and as expected:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=125250735
9/15/16
PGUS is now listed OTCQB - Check here:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=125167228
9/10/16
Why PGUS upward price correction is only starting - Upcoming events and status of recent business activities
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=125080811
8/28/16
Why the PGUS pps is rising sharply
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=124816599
8/08/16
PGUS Breakout Confirmed - Blue Sky
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=124391998
7/21/16
ProGreen Properties Changes Name to ProGreen US
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=124039911
7/06/16
Very sweet tweet! ...THINKS we could be "ready for Nasdaq" within 12-18 months tells me a lot
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=123709876
7/05/16
PGEI Chart Series, Letter to Shareholders Tuesday 7/5
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=123683062
6/26/16
Agreed, PGEI is the perfect stock for building generational wealth!
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=123539712
6/15/16
PGEI is the new gem of the OTC
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=123315020
6/07/16
What a beautiful setup we have!
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=123160689
6/07/16
Escalera Nautica - this sort of activity and ramp-up of Baja development activities in the region
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=123160131
6/03/16
The DD sticky above from powerbattles is the latest published SS
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=123072536
6/03/16
Whale watching is another major attraction in the region where PGEI controls land for development (commercial & residential development, vacation homes, resorts...)
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=123066031
6/03/16
Surfing is one of the major attractions for the region of Baja California where ProGreen controls land for development
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=123065714
6/02/16
New DD info for PGEI
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=123052540
5/31/16
We've Struck Water! Certified Abundance!
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=123006982
5/31/16
Agreed, the Baja land and projects are our revenue generators and growth platform
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=122996795
5/27/16
PGEI is in a "pregnant pause" ready-to-pop for the continuation run
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=122938167
(ACTUAL: took a bit longer, but I was able to accumulate many more shares before it popped for over 400% gain)
5/18/16
ProGreen Properties (PGEI) has come a long way from this:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=122719612
4/28/16
I've had some communication with Jan over the past week via email
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=122243370
4/23/16
50/200 Golden Cross on Monday (4/25/16)
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=122143703
ProGreen US, Inc.
(ProGreen) (OTCQB-PGUS)
BLOOMFIELD TOWNSHIP, MI – May 23, 2017 – ProGreen US, Inc. (ProGreen), (OTCQB: PGUS), www.ProGreenUS.com, @ProGreenUS, is a US company engaged primarily with investments in agricultural and real estate projects in Baja California, Mexico, both through its joint venture partnership with Inmobiliaria Contel S.R.L.C.V. (Contel) and through its majority-owned Mexican subsidiary Procon Baja JV (Procon), www.CieloMarBaja.com.
About ProGreen US, Inc. & CEO Jan Telander
ProGreen US, Inc. (ProGreen), (OTCQB: PGUS), www.ProGreenUS.com, @ProGreenUS, is a US company engaged primarily with investments in agricultural and real estate projects in Baja California, Mexico, both through its joint venture partnership with Inmobiliaria Contel S.R.L.C.V. (Contel) and through its majority-owned Mexican subsidiary Procon Baja JV (Procon). Until 2016, the company was called ProGreen Properties, Inc., and was engaged in the business of acquiring, refurbishing and upgrading residential real estate into modern affordable homes, some being aimed at the local real estate market and some sold to European Property Investors. The company’s name was changed effective July 22, 2016 to ProGreen US, Inc., “…to better reflect the expansion of the company’s business activities going forward, investment in agriculture land in Baja California, further planning for residential and commercial real estate developments in the area, with integration of advanced solar technology.” The ticker symbol was also changed, from PGEI to PGUS. Prior to ProGreen, Jan Telander, the Chief Executive Officer, had been a property developer in Spain for nearly 40 years, had built several developments with his brother, Ulf, having built and sold over 500 properties. Jan was also a founder of the Swedish solar products manufacturer, SolTech Energy Sweden AB (SOLT:FN Stockholm).
Agricultural – Business Unit
Joint venture (JV) agreements between ProGreen and Contel provide for Contel to contribute the land to the joint venture, as well as handling all planning, permits, preparation and construction, in order for the property to be worked, leased or sold as prime farm land. ProGreen is responsible for providing the financing. Under the JV agreement, ProGreen receives with priority the return of the financed amount, from all revenue received, after which the profits are split equally between the two parties.
Through the JV agreements with Contel, ProGreen controls nearly 14,000 acres of agricultural land in Baja, including 2,200 acres plus a 3-year option on the remaining 11,500 acres. Of the total agricultural land, ProGreen expects between 4,000 to 5,000 acres may be suitable for farming, depending on the availability of water. Some of the large remainder of the land – which could be 9,000 to 10,000 acres – could potentially be used for commercial and residential real estate in direct support of the farming operations and for the local economy and industry that may develop over time as a result of these operations.
Four wells have been drilled on the first tract, producing an abundance of water. Contel has begun their growing operation with a first produce purchase agreement for $1.1 to $1.3 million (USD) for red chile peppers – from Agricola El Consuela, an exporter/importer to the U.S. market – which is being grown on the first 100 acres. The profit margin on this first crop is expected to be in the range of 55-60%. ProGreen has stated goals for Contel to increase the growing operation to 400 acres in 2018, 800 acres in 2019, and 1,200 acres in 2020.
Real Estate – Business Unit
ProGreen’s Mexican subsidiary, Procon, signed a definitive purchase agreement for the purchase of a tract of land near the town of El Rosario in Baja that covers a total area of approximately 5,000 acres with 4.7 miles of oceanfront. A Master Plan is being created for a very large resort-type retirement and vacation community with the name “Cielo Mar” that will cover all of this land. Translated into English, Cielo means “heaven” and Mar means “sea”, the Cielo Mar planned community thus being “heaven by the sea.” The first phase of the development of the master plan is underway.
Cielo Mar – The Community
Cielo Mar is planned as a totally green, all-solar gated community, and will likely include the following, (which can be confirmed only when the master plan is completed):
Single Family Residences – est. 7,000 lots
Condominium Developments, Several – est. 3,000 units
Hotels, several – est. 3,000 rooms
Marina – for leisure craft
Golf Courses – 3 expected
Sports & Tennis Center
Bike, Hiking & Walking Trails
Green Areas & Parks
Museum
Equestrian Center
Beach Club
Commercial Center
Fiber Optic High Speed Internet
Water Reservoirs
Sewage Plants
Cielo Mar Initial Market Introduction Offer
The general plan is to select an initial small part of the land which will be the first phase of the development, to be completed with all infrastructure, i.e. water, sewage, tarmacked roads, street lighting, etc. This first phase will then serve as a reference for the rest of the development. With this first phase, the initial market offering will be for accepting “reservations” on A (premium), B and C lots, for example, for early buyers to be able to make final selection of their property locations once the master plan has been completed.
The offer for these early reservations will come with the most attractive terms, and will allow early buyers to have preference in the selection of sites. A website for Cielo Mar is planned to be launched before the end of March (2017), where the public will be able to follow the progress of this planned community. The terms of the initial market introduction offer will be published on the site when launched, as well as the date – soon to follow – that reservations will begin.
Management Team for Cielo Mar Development
Alejandro Espinoza Arroyo will be joining Procon as General Manager for the Cielo Mar development in April of this year. He is currently working as a consultant to Procon, overseeing the production of the topographical plan that is required for creating the Master Plan. Alejandro is an accomplished Civil Engineer who has managed 750 construction projects and 500 public tenders, covering a diverse range of development work for the Municipality of Ensenada, which takes up the majority of the state of Baja California. He was also the Plan Manager for Housing and Topography for all of the area within the municipalities of Tijuana, Tecate, and Rosarito Beaches for several years. In addition to his years of service as a large-scale Plan Manager and Project Manager, Alejandro is a well-known chronicler and historian of El Rosario, Baja California and the surrounding region.
About Contel
Jan Telander, President and CEO of ProGreen, has a partnership interest and participates in the management of Contel, which was formed in early 2016. Contel is a partnership between Jan and Flavio Contreras Espinoza, representing an extended family of Mexican land owners. The intent with Jan’s interest in Contel was to provide a suitable entity with which to involve ProGreen for the development of properties in Baja. ProGreen cannot own agricultural properties under Mexican law, though Jan’s partnership interest in Contel provides a level of control with final signing authority, per the partnership agreement.
About Procon Baja JV
Procon is ProGreen’s joint venture subsidiary with Contel, and is owned by ProGreen (51%) and Contel (49%) jointly. The company is managed by a board of Managing Directors consisting of three members, two representing ProGreen and one representing Contel. At least two Managing Directors approval is needed for management decisions or major financial transactions, giving ProGreen full operational control. Procon is the holding company for the real estate land acquired for the Cielo Mar development.
Business Development Timeline
The Baja California, Mexico Map Image to the left shows the key location references for the Business Development Timeline below. The planned community, Cielo Mar, and the agricultural land controlled by the company are in relatively close proximity to El Rosario, approximately 150 miles south of Ensenada. The first ProGreen Farm, Arenoso, is on the main road called the Transpeninsular Highway, Highway 1.
The Business Development Timeline below shows from the bottom starting in 2015 how both the Real Estate and the Agricultural business segments have developed until now, and looking forward. The Baja projects began with early investigation and due diligence into an opportunity presented by Mexican land owners with whom the company made contact, regarding options for monetizing their land.
Contel Enters Multi-Billion Dollar US Produce Market
BLOOMFIELD TOWNSHIP, MI--(NewMediaWire - May 5, 2017) - ProGreen US, Inc. (ProGreen), (OTCQB: PGUS), www.ProGreenUS.com, @ProGreenUS, is a US company engaged primarily with investments in agricultural and real estate projects in Baja California, Mexico, both through its joint venture partnership with Inmobiliaria Contel S.R.L.C.V. (Contel) and through its majority-owned Mexican subsidiary Procon Baja JV (Procon), www.CieloMarBaja.com.
ProGreen is pleased to announce that Contel has now completed the planting of approximately 1.4 million chili pepper seedlings on 60 of the 100 acres at Arenoso, the first ProGreen Farm, south of El Rosario, Baja California, Mexico. Additional seedlings will be planted on the remaining 40 acres over the coming weeks in order to stagger the harvest for operational efficiency.
The plants, currently about 8 inches in height, will be ready for the first cut of the harvest beginning in July.
This first $1.1M+ chili pepper contract on 100 acres for Agricola Consuela, a direct exporter/importer to the U.S., establishes Contel as a producer in a $12 billion market for imports of fruit and vegetables to the U.S. from Mexico. With an estimated 4,000 - 5,000 acres of farmable land available, Contel has set goals for rapid expansion of the farming operation, with a planned increase of 300% in 2018.
From the Office of the United States Trade Representative:
U.S. imports of fresh and processed fruit & vegetables from Mexico totaled $12 billion in 2016, including fresh vegetables ($5.6 billion), other fresh fruit ($4.9 billion), and processed fruit & vegetables ($1.5 billion). (source: https://ustr.gov/countries-regions/americas/mexico)
ANOTHER ONE
PGUS Valuation & Oceanfront Land Development
I see the current value PGUS as follows, based on numbers provided and the basis given further below.
DIRECT VALUE CONTRIBUTION FROM 1st LAND TRACT = $21.4M / 349M (shares O/S) = $0.061 pps
+
Very high intangible value of JV (incl. pennies-on-the-dollar land owner relationships) & contract assets (e.g. ~14,000 acres of land under control), and the strategic business entities formed in Baja
+
Speculative value of further business development within this year (including increased ag land use, acquisition of the oceanfront land)
I believe the intangible and speculative values are multiplicative and raise the direct value from the initially expected revenue stream by a factor of 2. As an emerging growth company that is only just beginning to generate revenue, this is a very reasonable adjustment, IMHO. So the value of PGUS at this moment is arguably in the range of $0.12 pps. PGUS is significantly undervalued with today's price being far less than a dime.
-----------------------------------------
I see the minimum value of PGUS upon closing the oceanfront land deal as follows, based on numbers provided and the basis given further below.
DIRECT VALUE CONTRIBUTION FROM 1st LAND TRACT = $21.4M / 349M (shares O/S) = $0.061 pps
+
Very high intangible value of JV (incl. pennies-on-the-dollar land owner relationships) & contract assets (e.g. ~14,000 acres of land under control), and the strategic business entities formed in Baja
+
LAND ASSET VALUE UPON CLOSING (resale/market value), CONSERVATIVE ESTIMATE: $7.2M (ProGreen's portion)
CONTRIBUTION TO VALUATION = $7.2M / 349M (shares O/S) = $0.021 pps
+
Speculative value of further business development within this year (including increased ag land use, oceanfront land development moving to the next level)
I believe the intangible and speculative values are multiplicative and raise the direct value from the initially expected revenue stream plus resale value of the oceanfront land by a factor of 2. As an emerging growth company that is only just beginning to generate revenue, this is a very reasonable adjustment, IMHO. So the minimum value of PGUS upon closing on the oceanfront land is arguably in the range of $0.16 pps - when including only the direct resale value of the property. However, much more is expected from this property, and this is where the valuation can be much higher and will be based entirely on the vision and speculation time horizon of investors. This is because in possibly a very short time - within a few short months - ProGreen could begin monetizing the oceanfront land, which could easily double the business value. And within perhaps this year even, we could see permits issued and the business could be valued 10x higher than that!
-----------------------------------------
Oceanfront Land Development (ProGreen Village) Valuation in PPS (see further below for the basis)
LAND ASSET VALUE UPON CLOSING (resale/market value), CONSERVATIVE ESTIMATE: $7.2M (ProGreen's portion)
CONTRIBUTION TO VALUATION = $7.2M / 349M (shares O/S) = $0.021 pps
LAND ASSET VALUE UPON COMPLETION OF THE INITIAL MASTER PLAN DRAWINGS & INITIAL MARKET OFFERING: (10% x $921M) / 2 = $46M (ProGreen's portion)
CONTRIBUTION TO VALUATION = $46M / 349M (shares O/S) = $0.132 pps
LAND ASSET VALUE UPON COMPLETION OF DETAILED MASTER PLAN AND PERMITS ISSUED: $921M / 2 = $460M (ProGreen's portion)
CONTRIBUTION TO VALUATION = $460M / 349M (shares O/S) = $1.32 pps
Agriculture Land Valuation in PPS Considering only the farmable portion, ~1/3 of the land
Revenue for growing / supply direct to US importers is on the order of 10 TIMES what we were expecting for leasing the land!
As an example, Contel could produce 2 cycles in a year, first cycle for garlic at $6,000 per acre PLUS the second cycle for onion at $4,000 per acre (I'm using the MIDRANGE values here). That's $10,000 per acre per year for growing, compared to the $800-$1,200 per acre per year for leasing!!
Using these MIDRANGE numbers, we see $10,000 per farmable acre - that's $10,000 x 150 acres = $1,500,000 revenue PER YEAR just from growing on HALF of THIS tract! If the farming operation costs are ~$300K (2 cycles x $150K/cycle), this gives a profit of $1.2M. ProGreen's portion is then $600K. Using the Stern "Current" P/E ratio of 35.65 for the farming/agriculture sector, this contributes a valuation of 35.65 x $600K = $21.4M.
With nothing else accomplished this entire year but utilization of the prepared 150 acres from the 1st 300 acre land tract:
PPS VALUATION (1st tract) = $21.4M / 349M (shares O/S) = $0.061 pps
Now consider "As more buyers are coming online, we are likely to accelerate further preparation of additional land for the growing operations in order to satisfy the increasing commitments, starting with the 760 HA* (1,900 acres) tract for which we have made the access road, referred to in the previous announcement in May."
Extending the growing operation to 400-600 (estimate - say 500) farmable acres on the 1,900 acre tract could yield $10,000 x 500 acres = $5M additional revenue. If farming operation costs are ~$1M ([500/150] x $150K/cycle x 2 cycles), this gives a profit of $4M. ProGreen's portion is then $2M. Using the "Forward" P/E ratio of 24.78 for the farming/agriculture sector, this contributes a valuation of 24.78 x $2M = $49.5M
PPS VALUATION (1,900 acre tract) = $49.5M / 349M (shares O/S) = $0.142 pps
And we have much more land under our control for further growth. If the growing operation were extended to, say 3,000 (estimate) farmable acres on the remaining ~11,100 acres (3-year option), we see additional revenue of $10,000 x 3,000 = $30M. If costs are ~$6M ([3,000/150] x $150K/cycle x 2 cycles), this gives a profit of $24M. ProGreen's portion is then $12M. Using the P/E ratio of 24.78 for the farming/agriculture sector, this contributes a valuation of 24.78 x $12M = $297M
PPS VALUATION (3-year option land under control) = $297M / 349M (shares O/S) = $0.851
-----------------------------------------
Basis for LAND ASSET VALUE
We are looking at 1842 hectares (4550 acres) PLUS whatever the additional 1.6 miles of oceanfront lands adds to this: 1842 hectares + 1.6 miles "linear" (for a total of 4.0 miles of oceanfront).
Since we don't know the added land size for the "+1.6 miles of oceanfront" I will just be conservative and use the 1842 hectares (and we can just KNOW that the value will be substantially higher due to the additional 1.6 miles of premium oceanfront land).
The following value estimation uses a piece of land that is currently on the market in Baja California:
https://cancun.estate/investment-opportunity-land-in-baja-california-bids-are-accepted
I am quite confident that this is not the land that we are acquiring, as I believe Jan when he states that we are acquiring land with 4.0 miles of oceanfront - he is describing land that can be developed on the 4 miles of oceanfront for residential/commercial construction. However, it is very applicable here for valuing the oceanfront land that we will be acquiring.
Using the link below, it can be seen that this land is fairly close to the region in Baja where ProGreen currently controls the 14,000 acres of land targeted initially for agricultural use. Though this land example is on the Gulf side, I expect that the land that we are acquiring is on the Pacific side. The Baja Peninsula is characterized by a mountain and hill range that more or less divides the two coastlines much like the Rockies divide the US. Since everything Jan has done to-date has been on the Pacific side, and his experience and connections seem to be on this side, it follows that the oceanfront property is likely to be on the Pacific side and, more to this point, is likely to be in the general latitudinal region of El Rosario (my opinion only). This link will open a Google map to the land, and zooming/panning can be used to see where the land is situated:
https://www.google.com/maps/place/29%C2%B028'02.7%22N+114%C2%B010'12.0%22W/@29.3362926,-114.4544302,105830m/data=!3m1!1e3!4m5!3m4!1s0x0:0x0!8m2!3d29.46742!4d-114.170002?hl=en
Here is a great post from awhile back you can check out
PGUS For real investors only, especially those interested in building generational wealth(others will get very bored... or maybe just gloss over the bold print, lol)
These important 2016 news items show the rapid ramp up of what I see as The Breaking Out & Monetization of Baja California as a valued national resource for Mexico.
ProGreen is in the right place at the right time! Even WITHOUT this new massive oceanfront project that Jan is now working on securing the land for, the farmable land that ProGreen currently controls gives us the fuel for generating profits of over $20M annually which points to a valuation giving PGUS a pps of well over $1 (over 100x the current share price). Now add this new 4550 acre land deal and the momentum that is picking up all across Baja California for the Escalera Nautica and other tourism/vacation/resort-related projects ---> ENORMOUS OPPORTUNITY here for anyone buying in the pennies range!
The short-form summary of the state of Baja California, Mexico is this...
Many years ago the government of Mexico recognized the enormous potential of Baja as a natural resource that has only been tapped just barely with the development of Cabo and other resort areas at the southern tip of the peninsula, La Paz, and some scattered marinas up along the gulf coast. Recent high growth of industry and the economies of Tijuana, Tecate and Mexacali at the southern border of the US accentuated the value of this area of Mexico with such close proximity to the US.
Two very large, multi-billion dollar projects had been started and were in full swing by 2009. One was called the Colonet MegaPort, which was expected to cost about $4-5 billion and involved a host of private investments for individuals and groups and corporations in addition to government funding. this was to be a sea port that would be potentially larger (throughput) than the Port of LA and Port of Long Beach combined. Billionaire Carlos Slim had made commitments, and several US companies had already invested 100's of million of dollars (extending railroads toward Colonet from US locations, etc.) by the time the 2009 global financial and US housing crises caused the project to eventually be halted.
The second project was the Escalera Nautica (Nautical Ladder). This was an elaborate plan to create or improve a total of 24 ports and marinas (including local land infrastructure and attractions, lodging... thriving local economies) at various points down the Pacific coast and up the Gulf coast of the peninsula. Significant progress had been made before this project was also halted following the 2009 global financial crises.
These major projects - Escalera Nautica & Colonet MegaPort - were not weekend dream projects. Very large investments were being made and much planning had gone into them. Knowing what was coming, many of the peasant land owners held on tightly while looking forward to a very large payout that would eventually come, while there was a very significant land rush from foreign investors for any land that could be shaken loose for a hefty price. However, by 2012 both projects had wound down completely to a halt. The nature of the very strategically-focused Colonet MegaPort project, which required great collaboration and commitment from a wide range of public companies, individual investors and private/government organizations, was such that, once halted, it was clear that it would likely never again coalesce into a workable plan. Conversely, the Escalera Nautica project was an elaborate plan developed and held for decades, was backed primarily by the government of Mexico, and the long-standing desire to monetize the enormous value of this national resource would never go away.
Opinion: Many peasant landowners who held onto their land through the 2000's land rush quickly found that the market had dried up due to the halting of these major projects, and it was too late. This was surely a big disappointment and, after years of high expectations and holding out for a large payout, it's likely that many had made lifestyle decisions that could lead to debilitating situations affecting not only their own lives, but the quality of life for their children and grandchildren. It's clear to me that some of these land owners were capitulating, willing to agree to very favorable terms in return for assistance in putting this land to use, or to even part with land completely "for pennies on the dollar" when Jan learned of this opportunity in Baja. One of the difficu..... water is gold; land needs some development (clearing, drilled for water, etc.); land needs to be "worked," leased, or sold; and, any foreign entity would need to navigate the intricacies of Mexican government/legal, real estate and agricultural land ownership and/or utilization procedures AND the somewhat unique/backward ways of doing business within the local culture. So... not so easy to find the right buyer/investor, and thus the pennies-on-the-dollar opportunity for some insightful and astute investor with just the right combination of technical know-how, experience and ability to understand and deal with the local culture.
Along came Jan... years of experience with successful developments in Spain years ago when the culture was very much like it is today in Baja; speaks Spanish fluently; core competence is EXACTLY what is needed to set up business entities, work the business deals, develop the land, construction project management, etc.
Good luck getting cheap shares it has become very oblivious that we are extremely undervalued here and the competition for cheap shares before lift off is heating up....
constant F4s filed from the CEO
twitter pics and other "news".
It's an entertaining penny stock at least.
Always is just wish I could afford more....
Sooon
PGUS
COMPANY BLOG:
Business Update
May 23, 2017
New website – we are excited to be launching a new ProGreenUS.com company website that will be completed next week. Certain content will be unavailable in the meantime.
Arenoso – the pepper plants at Arenoso are doing well, and we expect to be able to have a new aerial video showing the progress of the plants after the first week of June.
Cielo Mar Reservations – 20 lot reservations have now been executed, of the 30 allocated to the First Reservation Offer (https://www.cielomarbaja.com/first-reservation-offer/).
Cielo Mar Master Plan – work continues on the master plan. We believe we will be able to post a first plan sketch showing the different segments and general layout of the Master Plan during the month of June. This will then be updated regularly as progress is being made.
Ensenada Office – working on the design and layout of the office space for our immediate uses; we have 3,000 sq ft available, we anticipate using half of this to start, with the remainder to be added at a later time when we’re ready for sales/marketing of Cielo Mar.
Michigan Property Portfolio – since our most recent update, we have now closed on two further Michigan properties, with another two under contract.
HQ Moving Status – the office furniture and equipment is being shipped out this weekend, and we expect to have the new ProGreen US headquarters, in the northern part of San Diego, fully operational by mid-June.
Check back here for further business updates, and follow us on Twitter for alerts @ProGreenUS
Still looking SOLID here CEO still buying up the float! NEW FORM 4 OUT TODAT! WAY TO GO JAN!
PGUS
http://archive.fast-edgar.com//20170523/AB2T562CL222TZ6L22222ZX25NU9Z222Z292/
PGUS a solid company the CEO Keeps buying up the float and showing huge progress...
Share Structure and Ownership...
- A/S = 950m - REDUCTION BY 37% as of 11-07-16
- O/S = 349M
- Restricted = 103M
- CEO = 24.2M - Recent purchases, latest Form 4 filed 5/16//17
- Free Float = 222M - 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 24M shares on open market in 2016-2017 - 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.
Completed Funding
http://www.newmediawire.com/news/progreen-completes-funding-for-first-agriculture-operations-in-baja-california-4817706
Move HQ to San Diego
http://www.newmediawire.com/news/progreen-accelerates-hq-move-to-san-diego-4795769
Enter Multi Billion Dollar produce market
http://www.newmediawire.com/news/contel-enters-multi-billion-dollar-us-produce-market-4781576
Buy back preferred Shares
http://www.newmediawire.com/news/progreen-negotiates-buyback-of-preferred-shares-4642075
Selling Lots
http://www.newmediawire.com/news/cielo-mar-launches-pre-sales-reservation-offer-4709358
Launch a Brand
http://www.newmediawire.com/news/agriculture-operation-launches-progreen-farms-brand-4598656
Take ownership of 5100 acres of Oceanfront Land
http://www.newmediawire.com/news/progreen-announces-transfer-of-deed-and-acquisition-terms-for-oceanfront-land-4629695
Pay off Debt in Cash
http://www.newmediawire.com/news/progreen-pays-off-convertible-note-in-cash-4632302
Oceanfront Land in Baja
http://www.newmediawire.com/news/progreen-s-subsidiary-procon-acquires-5-100-acres-of-ocean-front-land-in-baja-4495168
Sing Million Dollar produce agreement
http://www.newmediawire.com/news/contel-signs-million-dollar-produce-agreement-4462364
Ceo Funds Company
http://www.newmediawire.com/news/progreen-gets-further-funding-from-the-ceo-4247819
Reduction in AS
http://www.newmediawire.com/news/progreen-reduces-authorized-shares-of-common-stock-4315129
All of this has happened along with other things not posted in this message Numerous Form 4's after up listing to the QB and in only 6 months
PGUS a solid company the ceo keeps buying up the float and showing huge progress...
Share structure and ownership...
- a/s = 950m - reduction by 37% as of 11-07-16
- o/s = 349M
- restricted = 103M
- ceo = 24.2M - recent purchases, latest Form 4 filed 5/16//17
- free float = 222M - 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 24M shares on open market in 2016-2017 - 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.
Completed funding
http://www.newmediawire.com/news/progreen-completes-funding-for-first-agriculture-operations-in-baja-california-4817706
Move HQ to San Diego
http://www.newmediawire.com/news/progreen-accelerates-hq-move-to-san-diego-4795769
Enter multi billion dollar produce market
http://www.newmediawire.com/news/contel-enters-multi-billion-dollar-us-produce-market-4781576
Buy back preferred shares
http://www.newmediawire.com/news/progreen-negotiates-buyback-of-preferred-shares-4642075
Selling lots
http://www.newmediawire.com/news/cielo-mar-launches-pre-sales-reservation-offer-4709358
Launch a brand
http://www.newmediawire.com/news/agriculture-operation-launches-progreen-farms-brand-4598656
Take ownership of 5100 acres of oceanfront land
http://www.newmediawire.com/news/progreen-announces-transfer-of-deed-and-acquisition-terms-for-oceanfront-land-4629695
Pay off debt in cash
http://www.newmediawire.com/news/progreen-pays-off-convertible-note-in-cash-4632302
Oceanfront land in Baja
http://www.newmediawire.com/news/progreen-s-subsidiary-procon-acquires-5-100-acres-of-ocean-front-land-in-baja-4495168
Million dollar produce agreement
http://www.newmediawire.com/news/contel-signs-million-dollar-produce-agreement-4462364
Ceo funds Company
http://www.newmediawire.com/news/progreen-gets-further-funding-from-the-ceo-4247819
Reduction in as
http://www.newmediawire.com/news/progreen-reduces-authorized-shares-of-common-stock-4315129
All of this has happened along with other things not posted in this message numerous form 4's after up listing to the QB and in only 6 months
Great to be on board in a solid company while the CEO Keeps buying up the float and showing huge progress...
Completed Funding
http://www.newmediawire.com/news/progreen-completes-funding-for-first-agriculture-operations-in-baja-california-4817706
Move HQ to San Diego
http://www.newmediawire.com/news/progreen-accelerates-hq-move-to-san-diego-4795769
Enter Multi Billion Dollar produce market
http://www.newmediawire.com/news/contel-enters-multi-billion-dollar-us-produce-market-4781576
Buy back preferred Shares
http://www.newmediawire.com/news/progreen-negotiates-buyback-of-preferred-shares-4642075
Selling Lots
http://www.newmediawire.com/news/cielo-mar-launches-pre-sales-reservation-offer-4709358
Launch a Brand
http://www.newmediawire.com/news/agriculture-operation-launches-progreen-farms-brand-4598656
Take ownership of 5100 acres of Oceanfront Land
http://www.newmediawire.com/news/progreen-announces-transfer-of-deed-and-acquisition-terms-for-oceanfront-land-4629695
Pay off Debt in Cash
http://www.newmediawire.com/news/progreen-pays-off-convertible-note-in-cash-4632302
Oceanfront Land in Baja
http://www.newmediawire.com/news/progreen-s-subsidiary-procon-acquires-5-100-acres-of-ocean-front-land-in-baja-4495168
Sing Million Dollar produce agreement
http://www.newmediawire.com/news/contel-signs-million-dollar-produce-agreement-4462364
Ceo Funds Company
http://www.newmediawire.com/news/progreen-gets-further-funding-from-the-ceo-4247819
Reduction in AS
http://www.newmediawire.com/news/progreen-reduces-authorized-shares-of-common-stock-4315129
All of this has happened along with other things not posted in this message Numerous Form 4's after up listing to the QB and in only 6 months
ProGreen Pays off Convertible Note in Cash
BLOOMFIELD TOWNSHIP, MI - (NewMediaWire) - March 17, 2017 - ProGreen US, Inc. (ProGreen), (OTCQB: PGUS), www.ProGreenUS.com, @ProGreenUS, is a US company engaged primarily with investments in agricultural and real estate projects in Baja California, Mexico, both through its joint venture partnership with Inmobiliaria Contel S.R.L.C.V. (Contel) and through its majority-owned Mexican subsidiary Procon Baja JV (Procon).
ProGreen is pleased to announce that the Hoppel convertible note from September has been paid off in cash.
"This follows our strategy to avoid any dilution of the stock from conversion," says Jan Telander, CEO & President.
BLOOMFIELD HILLS, MI - (NewMediaWire) - March 20, 2017 - ProGreen US, Inc. (ProGreen), (OTCQB: PGUS), www.ProGreenUS.com, @ProGreenUS, is a US company engaged primarily with investments in agricultural and real estate projects in Baja California, Mexico, both through its joint venture partnership with Inmobiliaria Contel S.R.L.C.V. (Contel) and through its majority-owned Mexican subsidiary Procon Baja JV (Procon).
As announced last year in the press release on March 14, 2016, ProGreen acquired a property portfolio in Michigan from, and reduced debt to, American Residential Fastigheter AB (AMREFA-Sweden). The cost of the total transaction was $1,355,000, which was paid through the issuance of 8,534,625 Series B Preferred shares. AMREFA had the option to convert the Preferred shares into common stock after 12 months at average market price for the 20 trading days prior to March 8, 2017.
ProGreen is now pleased to announce that, after negotiations, AMREFA has agreed to a buyback of the Preferred shares, at the original stated value, in lieu of conversion into common stock. As part of the agreement, ProGreen will continue to pay interest of 7% as provided in the original sale and purchase agreement, until the amount has been paid in full. As we plan to move our operations to San Diego in the summer, we are now actively in the process of selling the property portfolio in Michigan.
"We are very pleased to have come to this agreement with AMREFA. If the preferred shares had been converted, it would have resulted in 60,282,621 new shares of common stock being issued. This solution is in keeping with our commitment to avoid any unnecessary dilution of the stock," says Jan Telander, CEO & President.
Welcome... Lots of DD in the stickies as well as theses PRs. SOILD GROUP OF LONGS HERE GLAD TO HAVE YOU ONBOARD!!
Completed Funding
http://www.newmediawire.com/news/progreen-completes-funding-for-first-agriculture-operations-in-baja-california-4817706
Move HQ to San Diego
http://www.newmediawire.com/news/progreen-accelerates-hq-move-to-san-diego-4795769
Enter Multi Billion Dollar produce market
http://www.newmediawire.com/news/contel-enters-multi-billion-dollar-us-produce-market-4781576
Buy back preferred Shares
http://www.newmediawire.com/news/progreen-negotiates-buyback-of-preferred-shares-4642075
Selling Lots
http://www.newmediawire.com/news/cielo-mar-launches-pre-sales-reservation-offer-4709358
Launch a Brand
http://www.newmediawire.com/news/agriculture-operation-launches-progreen-farms-brand-4598656
Take ownership of 5100 acres of Oceanfront Land
http://www.newmediawire.com/news/progreen-announces-transfer-of-deed-and-acquisition-terms-for-oceanfront-land-4629695
Pay off Debt in Cash
http://www.newmediawire.com/news/progreen-pays-off-convertible-note-in-cash-4632302
Oceanfront Land in Baja
http://www.newmediawire.com/news/progreen-s-subsidiary-procon-acquires-5-100-acres-of-ocean-front-land-in-baja-4495168
Sing Million Dollar produce agreement
http://www.newmediawire.com/news/contel-signs-million-dollar-produce-agreement-4462364
Ceo Funds Company
http://www.newmediawire.com/news/progreen-gets-further-funding-from-the-ceo-4247819
Reduction in AS
http://www.newmediawire.com/news/progreen-reduces-authorized-shares-of-common-stock-4315129
All of this has happened along with other things not posted in this message Numerous Form 4's after up listing to the QB and in only 6 months
HUGE HUGE HUGE HUGE HUGE
Including NEW FORM 4 TODAY!!
With the News today...
Jan keeps delivering I keep adding huge progress being made all through the company....
Completed Funding
http://www.newmediawire.com/news/progreen-completes-funding-for-first-agriculture-operations-in-baja-california-4817706
Move HQ to San Deigo
http://www.newmediawire.com/news/progreen-accelerates-hq-move-to-san-diego-4795769
Enter Multi Billion Dollar produce market
http://www.newmediawire.com/news/contel-enters-multi-billion-dollar-us-produce-market-4781576
Buy back preferred Shares
http://www.newmediawire.com/news/progreen-negotiates-buyback-of-preferred-shares-4642075
Selling Lots
http://www.newmediawire.com/news/cielo-mar-launches-pre-sales-reservation-offer-4709358
Launch a Brand
http://www.newmediawire.com/news/agriculture-operation-launches-progreen-farms-brand-4598656
Take ownership of 5100 acres of Oceanfront Land
http://www.newmediawire.com/news/progreen-announces-transfer-of-deed-and-acquisition-terms-for-oceanfront-land-4629695
Pay off Debt in Cash
http://www.newmediawire.com/news/progreen-pays-off-convertible-note-in-cash-4632302
Oceanfront Land in Baja
http://www.newmediawire.com/news/progreen-s-subsidiary-procon-acquires-5-100-acres-of-ocean-front-land-in-baja-4495168
Sing Million Dollar produce agreement
http://www.newmediawire.com/news/contel-signs-million-dollar-produce-agreement-4462364
Ceo Funds Company
http://www.newmediawire.com/news/progreen-gets-further-funding-from-the-ceo-4247819
Reduction in AS
http://www.newmediawire.com/news/progreen-reduces-authorized-shares-of-common-stock-4315129
All of this has happened along with other things not posted in this message Numerous Form 4's after up listing to the QB and in only 6 months
HUGE HUGE HUGE HUGE HUGE
PGUS Got my core and continue to add as funds allow Jan keeps delivering I keep adding huge progress being made all through the company....
Completed Funding
http://www.newmediawire.com/news/progreen-completes-funding-for-first-agriculture-operations-in-baja-california-4817706
Move HQ to San Deigo
http://www.newmediawire.com/news/progreen-accelerates-hq-move-to-san-diego-4795769
Enter Multi Billion Dollar produce market
http://www.newmediawire.com/news/contel-enters-multi-billion-dollar-us-produce-market-4781576
Buy back preferred Shares
http://www.newmediawire.com/news/progreen-negotiates-buyback-of-preferred-shares-4642075
Selling Lots
http://www.newmediawire.com/news/cielo-mar-launches-pre-sales-reservation-offer-4709358
Launch a Brand
http://www.newmediawire.com/news/agriculture-operation-launches-progreen-farms-brand-4598656
Take ownership of 5100 acres of Oceanfront Land
http://www.newmediawire.com/news/progreen-announces-transfer-of-deed-and-acquisition-terms-for-oceanfront-land-4629695
Pay off Debt in Cash
http://www.newmediawire.com/news/progreen-pays-off-convertible-note-in-cash-4632302
Oceanfront Land in Baja
http://www.newmediawire.com/news/progreen-s-subsidiary-procon-acquires-5-100-acres-of-ocean-front-land-in-baja-4495168
Sing Million Dollar produce agreement
http://www.newmediawire.com/news/contel-signs-million-dollar-produce-agreement-4462364
Ceo Funds Company
http://www.newmediawire.com/news/progreen-gets-further-funding-from-the-ceo-4247819
Reduction in AS
http://www.newmediawire.com/news/progreen-reduces-authorized-shares-of-common-stock-4315129
All of this has happened along with other things not posted in this message Numerous Form 4's after up listing to the QB and in only 6 months
HUGE HUGE HUGE HUGE HUGE
OUR GOALS [Stated February 23, 2017]
We have set the following goals for Contel
ACRES OF PRODUCE GROWING OPERATIONS:
2017 - 100 acres
2018 - 400 Acres
Increase of 300% from 2017
2019 - 800 Acres
100% growth, up 700% from 2017
2020 - 1200 Acres
50% growth, up 1100% from 2017
From the PR Today
We plan to begin further agriculture land development as soon as we have the harvest underway, in line with our expansion plans for 2018."