Replies to post #22669 on ProGreen US Inc. (fka PGUS)

[allenc]

Exactly my thought, excellent terms for PGEI and shareholders IMO

$$ PGEI $$

[Enixenigma]

Absolutely. With what we have going, there is no reason to be where we are now. July will show that this company is worth at least that much. PGEI

[benlurkn]

To avoid any misunderstandings about this very favorable financial agreement it should be clarified that when $PGEI decides it wants to raise some money by selling shares, they will receive a price about 11% below the average daily low for the next 5-day period after $PGEI makes request to Tangiers. And request amount is limited to average of previous 10 days volume. At least that is how I read the 8K. It is a very nice arrangement which puts $PGEI in control vs typical convertible debt financing in which the financing companies have complete control and can completely destroy the value of a company. IMHO