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.
Yeah not sure what's being said there because we have an abundance of water and we own the water rights...
Heck even so much water we could sell it to others, so maybe he is talking about the water bill for the office ok yeah we will need 50 bucks a month to pay our water bill at the Ensenada office..
The FACT is People are NOT SELLING... The trading channel is getting narrow the fact is it doesn't take many shares to keep flipping the stock and over the last few weeks even the flipping shares have been soaked up by longs on the high bid.. We have seen over the past week they were getting desperate even swapping shares between accounts.... There just are not many shares left to flip so its time to bust out of the channel..
The volume is low at the end of the consolidation and this is poised to break up.
PGUS gonna be huge
PGUS Awesome news.
Company is moving because the business is growing so fast that Jan has to be closer to the action
As a result of the strong progress and milestones achieved with the agriculture as well as the real estate projects Moving our operations to San Diego will considerably improve our ability to manage the Company's quickly expanding activities in Baja.
company has established an office location in Ensenada
the sale of the company's largest property was closed on April 28, and two more are now under contract.
Awesome news.
Company is moving because the business is growing so fast that Jan has to be closer to the action
As a result of the strong progress and milestones achieved with the agriculture as well as the real estate projects Moving our operations to San Diego will considerably improve our ability to manage the Company's quickly expanding activities in Baja.
company has established an office location in Ensenada
the sale of the company's largest property was closed on April 28, and two more are now under contract.
PGUS looking for break out 3 PR's last week
http://www.newmediawire.com/news/contel-enters-multi-billion-dollar-us-produce-market-4781576
http://www.newmediawire.com/news/cielo-mar-topography-reveals-beneficial-features-master-plan-underway-first-lot-reservations-4775547
http://www.newmediawire.com/news/contel-completes-operational-development-of-first-progreen-farm-4769737
SS
Authorized Shares 950.00M
Outstanding Shares 349.91M
Restricted Shares 103M
Float 226 Million
CEO Buying on open market 23 million so far
The 91000 bought today at .0174 now sitting on the ask at .0204...
Nice Grabb
That looks like it was a AON share swap between account made to look like a dump MFN has called this out many of times over the past year. This is Getting ready to move now and someone is making a last attempt to load some cheap shares....
PGUS Know What you own
This is 100 million dollar company in the making and as luck would have it, we are here at the beginning.
More bullish candles to confirm this is ready to breakout and run at light speed...
PGUS
One thing is for sure churning tighter and tighter the bolinger bands are crimping down pretty tight which will soon send this flying...
PGUS
That's what many that have this opportunity to load at these levels have been saying, many people will pay much higher prices when they comprehend that this is the real deal Jan is executing this multi million dollar plan... When the lid blows off there will be no looking back...
PGUS
Agreed one buyer for 500k in chunks at the ask can send this to .03 in the blink of an eye...
Interesting
Looks that way a little buying pressure will blow the lid off...
Sounds like a good plan the information is out there...
.20 might be sooner than you think!!!
Here Jans plans for the company on the CC..
Highlights from the uptick interview with Jan
https://upticknewswire.com/jan-telander-ceo-of-progreen-us-new-baja-project-already-proving-profitable/
"...we have always been a fully reporting company and... we do have an aim... to uplist to Nasdaq... bigger board... we do believe we have a very bright future going down the line here."
"I've been living 38 years in Spain and I obviously speak the language fluently and understand the laws and other things in Mexico, which are all based on Spanish laws. So, starting looking into Baja and working down there is a little bit like coming home to me."
"South of the border here in Baja, where I'm calling from now actually, I'm here right this week... we have gone into a joint venture with a local land owner called Inmobiliaria Contel, which is part of a family that have huge land holdings here, which they really were... neither equipped or had the knowledge or... the foresight to be able to monetize anything what they actually owned here."
"Agriculture... is a very lucrative business. Most of the produce that you buy in the supermarkets in the states, it comes from Mexico. The demand is much, much bigger than the supply here. With the right land and... access to water - because that's really the critical point here, in Baja there is land everywhere, but there is not water everywhere."
"First contract... growing red chile peppers for a US importer... is a very, very profitable business, our first order is worth about a million and a quarter... we have very high margins of 55-60%... and turning around the money very quickly. We also have a much, much larger piece of land... we are going to expand the production... as we have more demand from this buyer for the chile peppers, but we also have several other buyers for other type of produce. I mean... I personally have not very much to do with this, this is Contel, but I'm here right now to discuss with other people that are interested in producing other things going forward... it is a very exciting thing even though like you say, my background is certainly not farming. But, like anything else if you get good at it, it is a good business as I said. You've got to be able to control it and to be able do it properly, and I think we have the very, very enourmous opportunities here because we have access to so much land (that is) under such good conditions. I'm looking forward to this being a very big part of ProGreen going forward, because it will be creating good cash flow for the company... it's a recurring revenue for the company for years to come."
"Real estate... we have set up a subsidiary, called Procon JV, where ProGreen has the majority interest so that we can literally roll up assets that we acquire here onto our balance sheet in the US."
"This is obviously something that I am MORE familiar with as you understand from my background before in Spain, having been a property developer there. Here we have managed to obtain - this we have bought, in the name of our subsidiary, Procon JV - a huge tract of land, actually oceanfront land, it's about 5,100 acres with a 4.7 mile oceanfront, so it's a absolutely huge tract of land. We are planning to develop this into a community that's going to be very, very unique. Because of the size of this, we are able to attract very large... participants, if you like... there are several developers and investors that we are already in contact with that have showed interest to come in with us here. And when I say "come in with us"... we are developing now a master plan for this which will contain 3 golf courses, hotels - we plan initially up to 3000 rooms - marina, over 7000 individual lots, 3000 condominiums, sports centers, equestrian centers... you name it, it will be here because it will be a huge community that will cater for people that really want to come down and get a place here in Baja, whether they're going to retire here or have a vacation home... because this area here that we're talking about, it has the most incredible climate, where you have sun most of the days all year-round and you have between 60 and 80 degrees almost every day of the whole year, so it never gets very hot and never gets very cold, an ideal environment for outdoor living."
"So with this development, we are able to start with something that... it's every developer's dream - when I did things in Spain you were always restricted of certain things, the first thing being in size, normally, but the second thing would be many, many other restrictions because there were other buildings or developments arund there. Here, we're starting literally from scratch and creating a new community, near this little town of El Rosario, and we can literally do everything exactly like we want to do it WITHOUT those restrictions."
"This will also be a totally green community, we will not be hooked up to the grid, we will produce all the electric power from our solar roofs that we are putting on the buildings... and this is now possible because the cost of solar has gone down so much, and it will eliminate the total cost for us to put the infrastructure in with the electric wires in the ground everywhere which would be literally thousands of miles otherwise. So it becomes economically very viable."
"We are doing the master plan now, and we are going to... start marketing the individual lots here and... we will be inviting other investors to come in and take projects - WITHIN the property, so to speak - individual condo developments and... maybe golf course and hotels... we will not be doing this by ourselves, so... this will come in from other people."
"It's a very exciting development, and I can tell you that... I've been around for quite a while as you understand, as I've lived in Spain for 38 years and been a property developer there - but I've never been involved in anything so exciting as what this is to me. It is incredible."
"It will be a gated community, we are going to have our own security system... we are going to market this not just in the US and Canada, but also areas which I'm very familiar to, which is in Europe - several countries in Europe - because we want to create an international community here."
The weather in the area is great as well...
The year-round temperature, precipitation and sunny days of the year in El Rosario are strikingly similar to San Diego. Take a look at this info, top to bottom, and you'll see the not-so-coincidental similarities between the area where Jan developed/built/sold properties in Spain... and Cielo Mar.
I don't recall exactly if it was technically Marbella or Malaga or Costa del Sol - they're all there, all together - but Jan told me recently when I called and he was actually in Spain at the time, "There are about 80,000 homes within a small radius here, and not one can be bought for less than $2M. But these are not the high-priced homes. One owner recently bought a $40M property, didn't like the home that was on it, had it torn down and replaced with his own home that cost $10M to build." So... for the low-rent district being 80,000 homes priced $2M and higher, that's a minimum of $160B of real estate (yes, that's $160 BILLION). Does this put some perspective on the trajectory for Cielo Mar and Baja California? Not saying it will get there overnight or that it will get that high at all - but that's the trajectory; just a glance in that direction is a tremendous value gain when we're talking about this stock currently trading with a market capitalization of less than $10M!
United States Weather Bureau describes San Diego's weather as the closest thing to perfect in America. Holiday Magazine described San Diego as the "only area in the United States with perfect weather." Pleasant Weather Rating Service Poll voted San Diego as the best year-round weather in the nation, and the second best in the world.
Now look at this article: 8 Places With Always-Perfect Weather
http://www.huffingtonpost.com/orbitzcom/8-places-with-always-perfect-weather_b_6575234.html
The top two on the list? San Diego & Malaga, Spain - you know where Malaga is, right? This is the area where Jan developed, built and sold 500 homes, the area of those Google Earth snapshots and links that I've been posting...
Quote:
San Diego
Let’s get this one out of the way. San Diego is the textbook example of beautiful year-round climate. It’s never too hot and never too cold, with a very minimal amount of that pesky California fog to get in the way—when it does roll in, it burns off pretty quickly in the morning. Winters average at 57° F, summers at 72° F—72° F, people! If ever there was a perfect temperature, that’s the magic number. The people of San Diego have adopted a sunny attitude to match, as well as a fierce affinity for being active. Isn’t it crazy what a little good weather can do to a person?
Málaga, Spain
Not a lot of people know about this little Spanish doubloon, and isn’t that awesome? Nothing spoils beautiful weather faster than a flock of tourists. It sits right on the Mediterranean coast and it’s got one of the warmest winters of any European city. With such whimsical weather, think of all the tapas you could eat, think of the gardens you could stroll, think of the open-air markets you could peruse! Oh, the possibilities.
Now look at the weather pattern for Cielo Mar (El Rosario, Baja California) and compare that to San Diego (very similar to Malaga, Spain, as well). And now you can see very clearly why this is going to be one of the most desirable places in the world to live year round - or vacation year round
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=130206143
Also Phase one is listed in the blog on the website...www.CieloMarBaja.com
There is drone footage on the home page at www.CieloMarBaja.com alone with pictures
Contel Completes Operational Development of First ProGreen Farm
BLOOMFIELD HILLS, MI - (NewMediaWire) - May 01, 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 Contel has completed the operational development of the first ProGreen Farm, and we are now actively growing chili peppers destined for the US market.
Contel obtained a $1.1M+ (USD) contract with a major exporter to the U.S. for chili peppers to be grown on the first 100 acres, as announced in the press release on January 23, 2017. During the past months, Contel has been very active with development and preparation of the land for the growing operations, with the final step of installing the drip irrigation, which has now been completed.
With the planting process now well underway, we expect to have 60 of the 100 acres completed with 1.4 million chili plants in the ground by the end of the week, and we are looking forward to begin harvesting in July.
(Related photos on the agricultural project page and blog update at ProGreenUS.com.)
And this
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.
Now we have all this....
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
Contel Signs Million Dollar Produce Agreement
BLOOMFIELD TOWNSHIP, MI - (NewMediaWire) - January 23, 2017 - ProGreen US, Inc (PROGREEN), (OTCQB: PGUS), www.ProGreenUS.com, Twitter @ProGreenUS, is pleased to announce that the company's JV partner in Baja California, Mexico, Inmobiliaria Contel (CONTEL), signed an agreement with a major exporter of produce to the US. CONTEL will be growing red chilies on a 40 ha (100 acres) portion of the of the farmable 60 ha (150 acres) of the first tract of land under the JV with PROGREEN that was reported on previously. The buyer has committed $48,000 as up-front payment to secure the agreement.
The farming under this agreement, which is priced in US dollars, is estimated to yield 3,000-3,600 tons of produce with a value of $1.1 - 1.3 million and an estimated net margin of 55-60%. The JV agreement provides for 50/50 split of profits between PROGREEN and CONTEL. However, PROGREEN will first recover all of its investment in the operation prior to profits being distributed.
The produce will be harvested in 2-3 cuts, with the first expected for late June, and delivery will be to the buyer's packing plant in Ensenada, B.C.
CONTEL has intentionally chosen to limit this agreement to 40 ha giving the option to diversify production. The buyer has however announced serious interest in increasing the scope of future agreements for production of chilies to 100 ha (250 acres), to be able to meet demand.
"This is a big first step for CONTEL and PROGREEN under the JV partnership, as it solidifies an agreement with a major player as a first buyer. It also shows, in real terms, the enormous financial advantage, growing produce has to leasing the land, which would have resulted in an income of some $120,000/year for the whole land," says Jan Telander, President and CEO.
Here is a good post provided in the stickys by Instatrader
PGUS - LOTS OF DD (pun intended) III
So what I'm seeing here is 18 LOTS reserved in basically what 2 weeks!?
https://www.cielomarbaja.com/first-reservation-offer/ ...
7 FRONT LINE LOTS - 6 ALL CASH + 1 Financed
That's $96k * 6 = $576K (no financing) + 1 Financed = $120K = $36K (30% of 120K down) $576K + $36K = $612K to company by Q4 this year!!
2 2ND LINE LOTS = $70K * 2 = $140K = $42K to company by Q4 this year (30% down)
2 4TH LINE LOTS = $50K * 2 = 100K = $30K to company by Q4 this year (30% down)
2 B LINE LOTS = $40K * 2 = $80K = $24K to company by Q4 this year (30% down)
5 C LINE LOTS = $30K * 5 = $150K = $45K to company by Q4 this year (30% down)
$696K + $140K + $100K + $80K + $150K = $1.166M on its way to the company in total
$612K + $42K + $30K + $24K + $45K = $753K to the company by Q4 this year...
ALL FROM BASICALLY 2 weeks and an EASTER HOLIDAY in between.
That's the power of what this company is becoming.
That's not it though...
$753K by Q4 this year but there's still $413K financed over 72 mos = $413K / 72 = $5,736/mo for 6 years....
FROM JUST 2 WEEKS and ZERO MARKETING...
LETS REMEMBER THIS IS A REAL ESTATE COMPANY....
How do you measure success in REAL ESTATE INVESTING?
1) ASSET MUST BE PROFITABLE... $666K PROFIT ON A $500K INVESTMENT BY ITSELF OVER 6 YEARS IS UNHEARD OF - ALL WHILE RETURNING 100% OF ASSET PURCHASE PRICE - AND STILL OWNING 99.7% OF THAT SAME ASSET!!
AGAIN... 2 WEEKS AND ZERO MARKETING TO DO THIS...
2) PACE TO SIMPLY RETURN CAPITAL INVESTED IN AN ASSET (we like to use CAP RATES)... IN THIS CASE CAP RATES ARE OUT THE WINDOW AS A RETURN OF $666K ON $500K IN LESS THAN 1 YEAR IS UNFRIGGIN HEARD OF...BUT IT GETS BETTER!
WE SPLIT UP OUR PURCHASE PRICE INTO 5 $100K SEGMENTS (amortizing them) OF WHICH ONLY $200K WOULD BE PAID OUT BY THE TIME WE RECEIVE OUR FIRST $666K... CAN YOU SAY 233% RETURN ON CAPITAL?!!
AND YES... JUST 2 WEEKS AND 18 LOTS INTO SELLING 7000!
TIME TO BUY IS NOW
PGUS moving in the right direction...
$155K: The CEO buys 23M shares on the open market over the past year,
$500K: The CEO provides $250K credit line bridge financing in November 2016 to avoid tapping the high-quality $5M equity line at such a low stock price - in the $0.012 range at the time. The CEO provides a 2nd $250K credit line bridge financing to avoid tapping the high-quality $5M equity line at such a low stock price - in the $0.02 range this week.
$300K: The CEO, Jan Telander, his brother Ulf (CEO of EIG Capital) and nephew Frederic (CEO of SolTech Energy, Sweden) each invest $100K in the company 1 year ago, as the Baja land plans were beginning to materialize (Jan had given blog updates on the old website back then about all this land in Baja that he was looking at, including a portion being oceanfront land).
$700K: EIG Capital invested $700K to assume all of the remaining toxic debt and take it off the ProGreen balance sheet 1 year ago, as the Baja land plans were beginning to materialize.
$1.87M: EIG Capital (investment company run by Ulf Telander, with Ulf holding about 60%, with something like 50-100 shareholders to report to) originally funded the business in 2009, receiving ~85M shares. Those shares currently worth around $1.87M at today's PGUS price of 0.022.
Clearly the Telanders and EIG have a lot at stake and have put quite a force behind ProGreen and the Baja investments (agriculture land/operations & Cielo Mar oceanfront development).
PGUS