01.03.2011 - SHARE ISSUE UPDATE
Reduction in the number of shares
Our report dated 30th August 2010 mentioned that we were negotiating the exit of some shareholder groups from the company.
These shareholder groups had received Eurasian shares in exchange for real estate options, per our original business model.
Subsequently, rescission of these transactions had been prevented by lengthy litigation and inheritance disputes.
Today we can announce that approx. 1,000,000 shares have been surrendered, thus reducing the number of public Eurasian shares to
approx. 3,000,000 shares from the previous approx. 4,000,000 shares.
In other ongoing negotiations, we expect surrender during 2011 of a further 1,000,000 shares. This will reduce the number of public
Eurasian shares to approx. 2,000,000 shares.
Mathematically, these reductions are positive for shareholders because they double the potential per-share valuation relative to the
same profit level.
Our job now is to reach our 2011 targets.
Sincerely,
EURASIAN HOLDINGS
Michael Harrop - CEO
http://www.harrop.info
Denver and Geneva, March 2011.
Reduction in the number of shares
Our report dated 30th August 2010 mentioned that we were negotiating the exit of some shareholder groups from the company.
These shareholder groups had received Eurasian shares in exchange for real estate options, per our original business model.
Subsequently, rescission of these transactions had been prevented by lengthy litigation and inheritance disputes.
Today we can announce that approx. 1,000,000 shares have been surrendered, thus reducing the number of public Eurasian shares to
approx. 3,000,000 shares from the previous approx. 4,000,000 shares.
In other ongoing negotiations, we expect surrender during 2011 of a further 1,000,000 shares. This will reduce the number of public
Eurasian shares to approx. 2,000,000 shares.
Mathematically, these reductions are positive for shareholders because they double the potential per-share valuation relative to the
same profit level.
Our job now is to reach our 2011 targets.
Sincerely,
EURASIAN HOLDINGS
Michael Harrop - CEO
http://www.harrop.info
Denver and Geneva, March 2011.
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