| - |
Mission
Eurasian Holdings was founded in 2004 to manage a basket of potential startups
brought by its early shareholders. Startups ranged from industrial innovations to real
estate projects. For share liquidity, Eurasian planned a listing of its shares.
First results
By 2007, several industrial startups were functioning commercially, and several real
estate startups had been optioned.
Banking crisis
In 2008 the banking crisis arrived, when the startups were still young and requiring
continued investment. Their customers, with funding becoming difficult due to the crisis,
postponed development programs and cancelled orders they had placed with our
startups.
Business model re-structuring
The situation became untenable in the second half of 2008 and forced Eurasian to
re-think its business model in order to save the company. It was decided to transfer the
existing industrial startups to their entrepreneurs, to close the subsidiary companies, to
rescind the real estate options, and to convert Eurasian from a holding company into a
low cost operating company focused on one activity.
New activities
Legal work related to the restructuring should be finished by mid-2012. On the business
side, Eurasian has used the period to create a line of management and social tools for
cities, companies and organizations, to be introduced in 2012 under the brand-name
cheapersimpler.com. These products are in the growing social interaction sector. They
showed promise during tests in 2011.
Shares
The re-structuring led to a reduction in the number of shares issued as we cancelled
options and shares that had been issued to the original shareholders. For the remaining
shareholders not interested in the company's new activities, there is a program to find
buyers for their shares.
More information
Click on the CheaperSimpler logo below for information on activities.
Eurasian Holdings was founded in 2004 to manage a basket of potential startups
brought by its early shareholders. Startups ranged from industrial innovations to real
estate projects. For share liquidity, Eurasian planned a listing of its shares.
First results
By 2007, several industrial startups were functioning commercially, and several real
estate startups had been optioned.
Banking crisis
In 2008 the banking crisis arrived, when the startups were still young and requiring
continued investment. Their customers, with funding becoming difficult due to the crisis,
postponed development programs and cancelled orders they had placed with our
startups.
Business model re-structuring
The situation became untenable in the second half of 2008 and forced Eurasian to
re-think its business model in order to save the company. It was decided to transfer the
existing industrial startups to their entrepreneurs, to close the subsidiary companies, to
rescind the real estate options, and to convert Eurasian from a holding company into a
low cost operating company focused on one activity.
New activities
Legal work related to the restructuring should be finished by mid-2012. On the business
side, Eurasian has used the period to create a line of management and social tools for
cities, companies and organizations, to be introduced in 2012 under the brand-name
cheapersimpler.com. These products are in the growing social interaction sector. They
showed promise during tests in 2011.
Shares
The re-structuring led to a reduction in the number of shares issued as we cancelled
options and shares that had been issued to the original shareholders. For the remaining
shareholders not interested in the company's new activities, there is a program to find
buyers for their shares.
More information
Click on the CheaperSimpler logo below for information on activities.
 |
| - |
 |
Current clearance sale:
Please email info@eurasian-holdings.com |