ProGreen US Inc. (fka PGUS)

[nonewname1]

I don't disagree with your point that the ocean front stuff will take time, but we own the land, it's an asset, and the company has a lot of other stuff going for it and will continue to expand.

Also your's is a purely residential community in a different country with different developers.

A majority of the stock appreciation will come in years 1-5.

What about our farming land? Is our whole enterprise tied to this ocean front development?

If we eventually utilize all of the farmable land we currently have access to and it's as profitable as they project the first 100 acres to be we are looking at 10 to 12 million in profit per year (low end of all of their estimates) and that is after we split half with Contel. Think about the valuation here on that alone. The ocean front development is an asset on top of that any way you look at it as long as Jan doesn't pour too much money into it too fast.

Also, will there be more developments? That is why Jan started the company, to develop property. 10 million can buy a lot of land in Baja as we've seen. Cut that in half, still a lot of cash to buy more

The golf course gives them a reason to stay or to return, much more so than a marina imo

I disagree with this, especially with the fishing nearby. Also, surfing is one of Baja's biggest attractions.