ProGreen Properties, Inc. - FORM 10-K - XML - IDEA: XBRL DOCUMENT - July 30, 2012

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EXCEL - IDEA: XBRL DOCUMENT - ProGreen Properties, Inc.Financial_Report.xls
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10-K - FORM 10-K - ProGreen Properties, Inc.progreen10k-apr302012.htm
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Investment notes
 12 Months Ended
Apr. 30, 2012
Notes to Financial Statements  
Note 5. Investment notes

At April 30, 2012 the Company held eighteen ARG debt obligation bonds in the principal amount of $90,000, due in five years and bearing interest at the rate of 6% per annum, payable quarterly commencing December 31, 2012, and eighteen ARG convertible share bonds in the principal amount of $90,000 which were convertible into shares of ARG common stock, each bond being convertible into 5,000 shares of ARG common stock with a market value of $1.00 each. The Investment Notes balance totaled $180,000 at April 30, 2012 (See Note 4)

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