Replies to post #554 on .01-$1 stocks trading above 50 day ma on volume br

[Davis_Elite]

PGEI Small Float No Dilution Zero Toxic Debt Transparent and Honest CEO Very Rare in OTC Recent Form 4s totaling over 12 Million open buys right along side us investors

OUR Latest Press Release
http://www.marketwired.com/press-release/progreen-executes-new-joint-venture-agreement-with-inmobiliaria-contel-otc-pink-pgei-2125584.htm" rel="nofollow" target="_blank" >http://www.marketwired.com/press-release/progreen-executes-new-joint-venture-agreement-with-inmobiliaria-contel-otc-pink-pgei-2125584.htm


pgproinc.com
2016-05-18 08:26:19
As an update on the Telander funding announced in February, we would like to communicate that out of the total of $300,000, $200,000 was paid prior to April 30 and the date for the remaining $100,000 has been extended until July 31. The preferred stock corresponding to the total funding will be issued once the whole amount has been paid. FUNDING UPDATE


2016-05-17 09:06:29
As clarification to questions related to the press release earlier today, we would like to state the following: The first JV, announced in February, had a PROGREEN funding requirement of up to $300K. tHE JV announced today has PROGREEN funding requirement of up to $600k. The funding, which should be considered as financing, as it will be paid back from first revenues from the property. Once the "up to $600k" has been repaid to PROGREEN, all revenue from leased land will be split equally between CONTEL and PROGREEN, creating a solid revenue stream for both parties for years to come. As this JV concerns more than six times the compared to the first JV, but with only twice the capital need, it should be clear that this deal represents a huge opportunity for PROGREEN.

2016-05-04 12:29:01
CEO TRAVELLING TO BAJA TO TRY TO FINALIZE A FRAME AGREEMENT FOR SEVERAL TRACTS OF LAND THAT WILL NOW LIKEY TOTAL OVER 10,000 ACRES. FURTHER UPDATE WILL BE POSTED WHILE IN BAJA NEXT WEEK.


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.

ProGreen Completes Acquisition of American Residential Gap LLC
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.

[BottomBounce]

$AMRS Geode Capital Management LLC raised its position in Amyris by 11.6% in the first quarter. Geode Capital Management LLC now owns 298,669 shares of the company’s stock valued at $331,000 after buying an additional 30,958 shares in the last quarter. View more: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=122719494