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L2 pretty thin looking couple good slaps and back over a penny
ok thanks
10Q is out!!!!!!!!! PGEI
Looking pretty good here
Lets build new support levels this week and head for pennys!
Good Morning PGEI expecting a strong start to the week.
Here it is all in one post the latest 3 prs with more to come per CEO
BLOOMFIELD HILLS, MI--(Marketwired - Feb 22, 2016) - ProGreen Properties, Inc. (PROGREEN) (OTC PINK: PGEI) is pleased to announce that the company has entered into a subscription agreement with three individuals. Frederic Telander, CEO of Soltech Energy Sweden AB, Ulf Telander, CEO of EIG Venture Capital Ltd and Jan Telander, President of the company, are each investing $100,000 in exchange for 100,000 Preferred Shares with a stated value of $1.00 per share. Amounts subscribed for will be invested by April 30, 2016, with the first $100,000 already funded.
The company is now upgrading its online image by building a new website, and is setting up its corporate communications to be disseminated through social media to be better able to inform the public about news and developments for PROGRESS.
"Management is upbeat about the direction the company has taken recently and for the confidence shown from important players, through this financial injection," says Jan Telander, CEO of PROGREEN.
BLOOMFIELD HILLS, MI--(Marketwired - Mar 14, 2016) - ProGreen Properties, Inc. (PROGREEN) (OTC PINK: PGEI) is pleased to announce that the acquisition of American Residential Gap LLC (ARG), a property holding company, has now been completed after an overwhelming yes vote at the shareholders meeting on March 8 of ARG's Swedish parent company, American Residential Fastigheter AB.
This has resulted in bringing all 14 properties owned by ARG onto PROGREEN's books for a total stated net asset value of $1,285,000.
The acquisition was cashless, paid for by PROGREEN issuing 8,093,541 Class B 7% Preferred Shares to AMREFA, that are convertible into common stock after 12 months at average market price for the 20 trading days prior to March 8, 2017.
An outstanding 8% Note of $270,000 including accrued interest, in favor of AMREFA, was also cancelled under the agreement, with $70,000 being converted into the same class of preferred shares, and the remaining $200,000 to be paid back in cash from part of the proceeds from the sale of one of the 14 properties now acquired.
"This is a very big step forward for the company, resulting in a considerably improved balance sheet and further reduced debt," says Jan Telander, President.
Outstanding Debt Conversion Now Completed
BLOOMFIELD HILLS, MI--(Marketwired - Mar 31, 2016) - ProGreen Properties, Inc. (PROGREEN) (OTC PINK: PGEI), is pleased to announce that the company's last outstanding institutional convertible note has now been fully converted. The company is now in a much stronger financial position, as its total outstanding debt has now been reduced to the $200,000 owed to American Fastigheter AB (Amrefa), which is non-convertible, does not carry interest and will be paid off with proceeds from the sale of one of the 14 properties included in the ARG acquisition, announced earlier in the month.
"This removes the last of the earlier dilutive debt and we can now clearly see the path forward without this type of 'overhang,'" says Jan Telander, President.
15 cents is the preferred shares for AMREFA for the 14 proprieties
bringing 1.28 million to the books without debt!!!
BLOOMFIELD HILLS, MI--(Marketwired - Mar 14, 2016) - ProGreen Properties, Inc. (PROGREEN) (OTC PINK: PGEI) is pleased to announce that the acquisition of American Residential Gap LLC (ARG), a property holding company, has now been completed after an overwhelming yes vote at the shareholders meeting on March 8 of ARG's Swedish parent company, American Residential Fastigheter AB.
This has resulted in bringing all 14 properties owned by ARG onto PROGREEN's books for a total stated net asset value of $1,285,000.
The acquisition was cashless, paid for by PROGREEN issuing 8,093,541 Class B 7% Preferred Shares to AMREFA, that are convertible into common stock after 12 months at average market price for the 20 trading days prior to March 8, 2017.
An outstanding 8% Note of $270,000 including accrued interest, in favor of AMREFA, was also cancelled under the agreement, with $70,000 being converted into the same class of preferred shares, and the remaining $200,000 to be paid back in cash from part of the proceeds from the sale of one of the 14 properties now acquired.
The series of preferred stock shall be designated as the Series B Convertible Preferred Stock (the “Series B Preferred Stock”), and the number of shares so designated and authorized shall be Eight Million Five Hundred Thirty-FourThousand, Six Hundred Twenty-Five (8,534,625). Each share of Series B Preferred Stock shall have a par value of $0.0001 per share and a stated value of $0.1587 per share (the “Stated Value”).
"This is a very big step forward for the company, resulting in a considerably improved balance sheet and further reduced debt," says Jan Telander, President.
Sounds good but,
The other family members legally have nothing to do with PGEI. The three of them are investing 100K each into PGEI. It wasn't stated why they were investing the 300k. They are about to start distribution of Soltech in the U.S. by building the solar equipment into the new housing development.
LETS NOT FORGET PGEI NOW OWNS 14 OTHER PROPRITIES THAT THEY CAN SELL AT ANY GIVIN TIME
BLOOMFIELD HILLS, MI--(Marketwired - Mar 14, 2016) - ProGreen Properties, Inc. (PROGREEN) (OTC PINK: PGEI) is pleased to announce that the acquisition of American Residential Gap LLC (ARG), a property holding company, has now been completed after an overwhelming yes vote at the shareholders meeting on March 8 of ARG's Swedish parent company, American Residential Fastigheter AB.
This has resulted in bringing all 14 properties owned by ARG onto PROGREEN's books for a total stated net asset value of $1,285,000.
The acquisition was cashless, paid for by PROGREEN issuing 8,093,541 Class B 7% Preferred Shares to AMREFA, that are convertible into common stock after 12 months at average market price for the 20 trading days prior to March 8, 2017.
An outstanding 8% Note of $270,000 including accrued interest, in favor of AMREFA, was also cancelled under the agreement, with $70,000 being converted into the same class of preferred shares, and the remaining $200,000 to be paid back in cash from part of the proceeds from the sale of one of the 14 properties now acquired.
"This is a very big step forward for the company, resulting in a considerably improved balance sheet and further reduced debt," says Jan Telander, President.
Agreed Golden cross Break will be nice and updates will be even nicer..
Pgei uses Soltech and of course its in the family why waste time with an IPO for Soltech on the US markets when you can use PGEI exclusive and not need an IPO with all the new spin offs. Why not use the former CEO of Soltech in PGEI to upscale and move PGEI to the Higher exchange with the exclusive rights to Soltech technology. Wouldn't that make since?
Great post
YES and the fact that they get to convert them at 15 cents a share IMO means they wanna take this much higher to get a much larger profit
ProGreen Gets Important New Investments
ProGreen Gets $300,000 in Individual Capital Injection From the CEOs of EIG, Soltech and ProGreen
BLOOMFIELD HILLS, MI--(Marketwired - Feb 22, 2016) - ProGreen Properties, Inc. (PROGREEN) (OTC PINK: PGEI) is pleased to announce that the company has entered into a subscription agreement with three individuals. Frederic Telander, CEO of Soltech Energy Sweden AB, Ulf Telander, CEO of EIG Venture Capital Ltd and Jan Telander, President of the company, are each investing $100,000 in exchange for 100,000 Preferred Shares with a stated value of $1.00 per share. Amounts subscribed for will be invested by April 30, 2016, with the first $100,000 already funded.
The company is now upgrading its online image by building a new website, and is setting up its corporate communications to be disseminated through social media to be better able to inform the public about news and developments for PROGRESS.
"Management is upbeat about the direction the company has taken recently and for the confidence shown from important players, through this financial injection," says Jan Telander, CEO of PROGREEN.
About ProGreen Properties, Inc.
Website looks good things might heat up around here..
Actually LOL I just responded out of turn but at least I got it right :)
Man that's twice I opened mouth inserted foot today lmao my bad
Not saying that I know free is best I admitted that however when I had free I never used my last post to start an argument just saying
Oh and by the way we are still on the Break Out Most Posted and Most Read and Most Active Boards today just sayin
Just from what I have studied I'm no chart expert by any means
Yes a dip above or dip below is not breaking it it must close above resistance and then that should act as support if support is broken the next line of support takes place and the old line of support became new resistance IMO we had 59 as support and they manipulated it down to 52 so now we bulls need to push it back over and close above 59 the rsi is reset and we should be ready to go
He can't ask remember he is out of post because he trades so well that 10 bucks a month is to much for I hub
Climbing back up the Breakout board again...
Would have to agree I think we are in on ground floor of a huge market they are going to start cant wait till the day when they trade at 20 dollars a share and I retire and live of dividends!
Not a bad avg. still 10x at .05 and I agree beats chasing anyday!
True maybe with the ok deal since its gonna be a whole subdivision that might be a great idea!!
ProGreen Gets Important New Investments
ProGreen Gets $300,000 in Individual Capital Injection From the CEOs of EIG, Soltech and ProGreen
BLOOMFIELD HILLS, MI--(Marketwired - Feb 22, 2016) - ProGreen Properties, Inc. (PROGREEN) (OTC PINK: PGEI) is pleased to announce that the company has entered into a subscription agreement with three individuals. Frederic Telander, CEO of Soltech Energy Sweden AB, Ulf Telander, CEO of EIG Venture Capital Ltd and Jan Telander, President of the company, are each investing $100,000 in exchange for 100,000 Preferred Shares with a stated value of $1.00 per share. Amounts subscribed for will be invested by April 30, 2016, with the first $100,000 already funded.
The company is now upgrading its online image by building a new website, and is setting up its corporate communications to be disseminated through social media to be better able to inform the public about news and developments for PROGRESS.
"Management is upbeat about the direction the company has taken recently and for the confidence shown from important players, through this financial injection," says Jan Telander, CEO of PROGREEN.
About ProGreen Properties, Inc.
I believe it has been discussed on the board however I don't recall seeing anyone post any email for the CEO about it. Someone correct me if it has please
Agreed also
March 31, 2016 07:30 ET
Outstanding Debt Conversion Now Completed
BLOOMFIELD HILLS, MI--(Marketwired - Mar 31, 2016) - ProGreen Properties, Inc. (PROGREEN) (OTC PINK: PGEI), is pleased to announce that the company's last outstanding institutional convertible note has now been fully converted. The company is now in a much stronger financial position, as its total outstanding debt has now been reduced to the $200,000 owed to American Fastigheter AB (Amrefa), which is non-convertible, does not carry interest and will be paid off with proceeds from the sale of one of the 14 properties included in the ARG acquisition, announced earlier in the month.
"This removes the last of the earlier dilutive debt and we can now clearly see the path forward without this type of 'overhang,'" says Jan Telander, President.
No problem I also liked the early may updates coming out part!
Welcome aboard
Short sweet to the point patience is key here!!
I emailed Jan asking a few questions will update with the response..
Check out the stickys they have a lot of good dd in them
Yes finally I wasn't the only one who didn't read the rules LOL thanks cme now I don't feel so bad lmao
Should be a clean trade day Monday IMO will we see another form 4 this week?
And 108 Million shares is A LOT OF MONEY
Looking very nice for next week..