ProGreen US Inc. (fka PGUS)

[nonewname1]

Cash is definitely good. It's what we need most at these early stages and I have been wondering a few things about our cash situation.

Since the contract with contel calls for progreen to get all of the profit until our costs are covered I believe we will be getting all of the cash from the first crop as well. Unless our costs were lower than half the profit we should have 600k by the end of the year to pay off notes etc.

But how much of future profits from both the agriculture and real estate sides will be reinvested in the business? For example, lot reservations/early revenue from the real estate. Contel gets 50% of profits but how much will they allow to be reinvested? We need all of that cash. This is a question someone might pose to Jan. I already have an email in to him waiting for a response on the possibility of putting in a sand beach, if he replies I'll ask him about early revenue from the development.