PGUS Ready to Breakout 1) CEO owns 22M common s
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Posted On: 02/15/2017 11:12:53 AM
PGUS Ready to Breakout
1) CEO owns 22M common shares of stock and still buying on the open market shrinking the 224M tradable float in the process.
2) CEO has loaned the company $250K of his own personal funds to inject immediate capital needed to get agricultural operations moving.
3) Recently obtained and maintaining OTCQB status with audited fins and a fully reporting company.
4) CEO has goals of reaching Nasdaq status in the future
5)PGUS has access to a $5M line Equity line financing when and if needed. Per CEO "The company has no intention to draw on the Equity Line at levels anywhere near the present share price"
6)ProGreenUS, is pleased to announce that the company's JV partner in Baja California, Mexico, Inmobiliaria Contel (CONTEL), signed an agreement with a major exporter of produce to the US. CONTEL will be growing red chilies on a 40 ha (100 acres) portion of the of the farmable 60 ha (150 acres) of the first tract of land under the JV with PROGREEN that was reported on previously. The buyer has committed $48,000 as up-front payment to secure the agreement.
The farming under this agreement, which is priced in US dollars, is estimated to yield 3,000-3,600 tons of produce with a value of $1.1 - 1.3 million and an estimated net margin of 55-60%. The first cut expected the end of June
( Income from produce sales expected for many years )
7)On January 23, 2017, ProGreen US, Inc.’s subsidiary in Baja California, Mexico, Procon Baja JV (Procon), entered into a definitive purchase agreement for, and has taken possession of, a large tract of land situated near the town of El Rosario in Baja California. The land, planned for residential real estate development, is bordering the Pacific Ocean and covers a total area of 2,056 ha (5,100 acres) with 7,5 km (4.7 miles) of ocean front.
Potentially, we could see this development with:
Commercial Areas for Shopping, Restaurants etc.
Golf Courses
Hotels
Equestrian Center
Marina
Condominiums
A lots, Luxury Prime Oceanfront
B lots
C lots
Sports and Recreation Center
Beach Hotel with Beach Club
PGUS
1) CEO owns 22M common shares of stock and still buying on the open market shrinking the 224M tradable float in the process.
2) CEO has loaned the company $250K of his own personal funds to inject immediate capital needed to get agricultural operations moving.
3) Recently obtained and maintaining OTCQB status with audited fins and a fully reporting company.
4) CEO has goals of reaching Nasdaq status in the future
5)PGUS has access to a $5M line Equity line financing when and if needed. Per CEO "The company has no intention to draw on the Equity Line at levels anywhere near the present share price"
6)ProGreenUS, is pleased to announce that the company's JV partner in Baja California, Mexico, Inmobiliaria Contel (CONTEL), signed an agreement with a major exporter of produce to the US. CONTEL will be growing red chilies on a 40 ha (100 acres) portion of the of the farmable 60 ha (150 acres) of the first tract of land under the JV with PROGREEN that was reported on previously. The buyer has committed $48,000 as up-front payment to secure the agreement.
The farming under this agreement, which is priced in US dollars, is estimated to yield 3,000-3,600 tons of produce with a value of $1.1 - 1.3 million and an estimated net margin of 55-60%. The first cut expected the end of June
( Income from produce sales expected for many years )
7)On January 23, 2017, ProGreen US, Inc.’s subsidiary in Baja California, Mexico, Procon Baja JV (Procon), entered into a definitive purchase agreement for, and has taken possession of, a large tract of land situated near the town of El Rosario in Baja California. The land, planned for residential real estate development, is bordering the Pacific Ocean and covers a total area of 2,056 ha (5,100 acres) with 7,5 km (4.7 miles) of ocean front.
Potentially, we could see this development with:
Commercial Areas for Shopping, Restaurants etc.
Golf Courses
Hotels
Equestrian Center
Marina
Condominiums
A lots, Luxury Prime Oceanfront
B lots
C lots
Sports and Recreation Center
Beach Hotel with Beach Club
PGUS
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