Mission
Eurasian Holdings Inc. was founded in the USA in 2004 to develop industrial and real estate
startups contributed by its shareholders. A share listing was planned. An affiliate company
was founded in Zug in 2007.
First results
By 2007, several product-lines were developed successfully. These included night-visible
luminescent products and master-batches, alpine herbal extracts, and inflatable safety
flooring for sports and dance practice. Several real-estate properties were optioned. Two
subsidiary companies were created in Geneva for logistics and partnerships. Work started
for listing of the company's shares.
Crisis and restructuring
In 2008 the banking crisis made customers cut new programs and cancel orders they had
placed, causing serious problems for the company's semi-processed inventory financing,
halting research programs, and causing lawsuits. Having spent all its cash on research and
development, and with its bank financing now tied up in inventory, the company was forced
to reorganize. The subsidiary companies were closed to save money. Real-estate options
were rescinded to save on upkeep costs. Some business-units were taken over by
partners. Others were put on ice. Company overheads, staff and audits were reduced.
Litigation was handled in-house.
2012 activities
The reorganization, including development of new activities, has taken three years. The
company is now back in business, with no debt, and with a much smaller number of
shareholders due to cancellation of shares issued for real-estate options. We are now
focusing on potential markets where innovation is needed, and which had already been
identified in our original founders' business-plan. The new products include organizational
and social tools, and public fitness methodologies. These new products are operated via
cheapersimpler.com.
Share liquidity
There is an ongoing program to assist shareholders in finding buyers for their shares if
they wish to sell. Offers are made to them from time to time.
Eurasian Holdings Inc. was founded in the USA in 2004 to develop industrial and real estate
startups contributed by its shareholders. A share listing was planned. An affiliate company
was founded in Zug in 2007.
First results
By 2007, several product-lines were developed successfully. These included night-visible
luminescent products and master-batches, alpine herbal extracts, and inflatable safety
flooring for sports and dance practice. Several real-estate properties were optioned. Two
subsidiary companies were created in Geneva for logistics and partnerships. Work started
for listing of the company's shares.
Crisis and restructuring
In 2008 the banking crisis made customers cut new programs and cancel orders they had
placed, causing serious problems for the company's semi-processed inventory financing,
halting research programs, and causing lawsuits. Having spent all its cash on research and
development, and with its bank financing now tied up in inventory, the company was forced
to reorganize. The subsidiary companies were closed to save money. Real-estate options
were rescinded to save on upkeep costs. Some business-units were taken over by
partners. Others were put on ice. Company overheads, staff and audits were reduced.
Litigation was handled in-house.
2012 activities
The reorganization, including development of new activities, has taken three years. The
company is now back in business, with no debt, and with a much smaller number of
shareholders due to cancellation of shares issued for real-estate options. We are now
focusing on potential markets where innovation is needed, and which had already been
identified in our original founders' business-plan. The new products include organizational
and social tools, and public fitness methodologies. These new products are operated via
cheapersimpler.com.
Share liquidity
There is an ongoing program to assist shareholders in finding buyers for their shares if
they wish to sell. Offers are made to them from time to time.
 |
| - |
| - |