INTERIM SHAREHOLDERS REPORT - October 11th 2011
To avoid duplication, all the contents of this October 11th 2011 report on this page have been included in the year-
end December 31st 2011 report, so please kindly read there.
Report schedule
Our last reports were published December 31st 2010 and March 1st 2011. The 2011 year-end report will be
published December 31st 2011.
Legal
Most of the restructuring of the company is now finished. There remains a court-case in Zug, scheduled for
November 9th 2011, with a Russian advisor we had planned to use for central Europe in 2008. Tax and
administrative matters will also need negotiating with the Zug authorities as we approach year-end.
Financial
The balance-sheet has been cleaned, and all relevant old assets or liabilities have been cleared, including
subsidiary companies and matters that were subject to litigation. Any assets that are still claimable by us, but which
require litigation, have been written off even if we continue efforts to realize them. This situation will be reflected in
the balance-sheet for end 2011, which will be essentially a zero balance-sheet with the only item being shareholder
capital. The intellectual property rights (IPR) relative to the new CheaperSimpler product-line that was developed
and tested over the last 2 years, will not be accounted as assets until regular sales allow accurate pricing. Since
2009, the company has worked with no internal overheads, and paid no salaries or remuneration. External
overheads, tax and other expenses since 2009 have been paid by an advance from shareholders.
Shareholders
During 2011, the company continued its program to reduce the number of issued shares. As a result there are now
approximately only 2,000,000 shares in public hands. Some shareholders are seeking to sell 1,000,000 of these
shares at prices up to one euro per share. A share buyback by the company itself, even if a short-term capital
source were available to the company, is impractical for legal and accounting reasons. Share-purchases will
therefore be made by a third-party. To do this we are appointing a general licensed distributor for the company’s
products, who will sell concurrently with the company's own direct sales program. It will be this distributor that buys
the shares from the selling shareholders mentioned above. The distributor aims to make first partial purchases of
shares starting January 2012, using profits from the sale of CheaperSimpler products and from the sale of
partnerships and licenses. Selling shareholders should inform the company at shares@eurasian-holdings.com, how
many shares they wish to sell, and include their bank account references such as bank name, address, IBAN and
BIC numbers. It is not necessary to send back the original share certificate until the desired number of shares has
been sold (meanwhile, partial transactions will be recorded in the company's share register with the relevant part-
payment confirmation). When the desired number has been sold, a new certificate will be provided for the residual
shares.
Business
The cheapersimpler.com website is online and marketing is starting to become active. The business world has
changed radically over the last two years and we can expect yet more systemic changes in the coming weeks. We
hope that the new product line meets this new frugal, fragmented, de-leveraged, footprint-aware, resource-savvy,
and increasingly bottom-up world. We reckon the current western lifestyle, and its economy, is financially over-
leveraged and over-levitated by maybe 30%, so the coming forced lifestyle re-alignments and societal shrinkage
may be brutal. Our new product-line that helps organizations to adapt cheaply and simply, and to re-invent
themselves in the new realities, should be aligned to these new market needs.
Sincerely,
EURASIAN HOLDINGS
Michael Harrop - CEO
Denver and Geneva, October 11th 2011
To avoid duplication, all the contents of this October 11th 2011 report on this page have been included in the year-
end December 31st 2011 report, so please kindly read there.
Report schedule
Our last reports were published December 31st 2010 and March 1st 2011. The 2011 year-end report will be
published December 31st 2011.
Legal
Most of the restructuring of the company is now finished. There remains a court-case in Zug, scheduled for
November 9th 2011, with a Russian advisor we had planned to use for central Europe in 2008. Tax and
administrative matters will also need negotiating with the Zug authorities as we approach year-end.
Financial
The balance-sheet has been cleaned, and all relevant old assets or liabilities have been cleared, including
subsidiary companies and matters that were subject to litigation. Any assets that are still claimable by us, but which
require litigation, have been written off even if we continue efforts to realize them. This situation will be reflected in
the balance-sheet for end 2011, which will be essentially a zero balance-sheet with the only item being shareholder
capital. The intellectual property rights (IPR) relative to the new CheaperSimpler product-line that was developed
and tested over the last 2 years, will not be accounted as assets until regular sales allow accurate pricing. Since
2009, the company has worked with no internal overheads, and paid no salaries or remuneration. External
overheads, tax and other expenses since 2009 have been paid by an advance from shareholders.
Shareholders
During 2011, the company continued its program to reduce the number of issued shares. As a result there are now
approximately only 2,000,000 shares in public hands. Some shareholders are seeking to sell 1,000,000 of these
shares at prices up to one euro per share. A share buyback by the company itself, even if a short-term capital
source were available to the company, is impractical for legal and accounting reasons. Share-purchases will
therefore be made by a third-party. To do this we are appointing a general licensed distributor for the company’s
products, who will sell concurrently with the company's own direct sales program. It will be this distributor that buys
the shares from the selling shareholders mentioned above. The distributor aims to make first partial purchases of
shares starting January 2012, using profits from the sale of CheaperSimpler products and from the sale of
partnerships and licenses. Selling shareholders should inform the company at shares@eurasian-holdings.com, how
many shares they wish to sell, and include their bank account references such as bank name, address, IBAN and
BIC numbers. It is not necessary to send back the original share certificate until the desired number of shares has
been sold (meanwhile, partial transactions will be recorded in the company's share register with the relevant part-
payment confirmation). When the desired number has been sold, a new certificate will be provided for the residual
shares.
Business
The cheapersimpler.com website is online and marketing is starting to become active. The business world has
changed radically over the last two years and we can expect yet more systemic changes in the coming weeks. We
hope that the new product line meets this new frugal, fragmented, de-leveraged, footprint-aware, resource-savvy,
and increasingly bottom-up world. We reckon the current western lifestyle, and its economy, is financially over-
leveraged and over-levitated by maybe 30%, so the coming forced lifestyle re-alignments and societal shrinkage
may be brutal. Our new product-line that helps organizations to adapt cheaply and simply, and to re-invent
themselves in the new realities, should be aligned to these new market needs.
Sincerely,
EURASIAN HOLDINGS
Michael Harrop - CEO
Denver and Geneva, October 11th 2011
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