Wow, someone clearly has NO clue, and OBVIOUSLY has no clue about penny stocks before ProGreen - as I believe they have admitted.
There are SOOOOOOOooooo many easier ways for a CEO to screw investors and somehow suck money from them. Someone is waaaayyyy out of their element here, and really should stick to the big boards. Or better yet, stick to Fidelity or Vanguard mutual funds or something simple that you don't need to think about.
To suggest that Jan has gone through all the trouble that he has in order to pull one over on investors is absolutely ludicrous. Go trade any of the 90% of the rest of the OTC if that's what you think you bought in PGUS. Then you'll know what CRAP is, and you'll see how easy it is to screw people out of money if that's your intention. SMH.
Unbelievable. To be that inexperienced in the OTC, and yet STILL "recommend" or place that much of your "client's" funds in a penny stock - now THAT's irresponsible. This sounds to me like a little (actually a LOT) of misplaced or redirected guilt.
So Jan - spent the past three years strategically in Baja California, working with land owners to acquire the land, working with government agencies and contractors to submit the plans, working with the architects to prepare the first phase for Cielo Mar...
...investing and loaning millions of dollars from himself, family, investment company, AND buying over $200K in shares RETAIL off the open market.... and don't forget - EVERY share owned by the Telanders was purchased at MARKET price at close on the day they were purchased - YES, EVEN the preferred shares from February 2016 were purchased at MARKET price.
Check out the formula for conversion to commons shares for those Feb2016 subscriptions - that's right, 0.0033 is the price, and that was the closing price that day.
Open market purchases? Yes, Jan bought tons of shares from subj-penny to 2 and a half cents - about twenty times today's price.
And the company still owes him more than 3/4 million dollars from those loans.
And this is some elaborate plan to screw "investors." Um, ok.
Okay, done with my rant. Sometimes it's just not easy to sit back and take a deep breath through all the BS that gets thrown around. But, like a LOT of other longs here, I'm usually okay with just keeping quiet while the rest run their dirty (keyboards and touchscreens).
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