Eurotech Ltd. (EUOT) (EUOT)

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Found the answer to my question:

On December 31, 1999, we issued to Woodward LLC, a Cayman Islands investment fund, 1,882,353 shares of our common stock, together with a five-year warrant to purchase an additional 200,000 shares, for a total consideration of $3,000,000. In connection with that investment, we entered with Woodward a series of 12 agreements, copies of which are filed as an Exhibit to the registration statement of which this prospectus is a part, which in summary provide for the following: o Our shares issued to Woodward are subject to repricing, which means that if the stock market price of our shares during certain periods following the effectiveness of this amendment to our registration statement drops significantly below the prices prevailing at the time our original shares were issued to Woodward, we may be required to issue additional shares to compensate for such decline.

Which means that they get FREE shares...that's a lot unless the stock goes above the $6 mark....


. In consideration of good and valuable consideration, the receipt of which is hereby acknowledged by, Eurotech, LTD. a District of Columbia corporation (the "Company"), Woodward LLC or registered assigns (the "Holder") is hereby granted the right to purchase at any time until 5:00 P.M., New York City time, on December 31,2004 (the "Expiration Date"), 200,000 fully paid and nonassessable shares of the Company's Common Stock, par value $.00025 per share (the "Common Stock") at an initial exercise price of $3.125 per share (the "Exercise Price"), subject to further adjustment as set forth in Section 6 hereof.

They are paying 3.125/share for the inital warrants.


Looks quite tricky to me...Kind of confusing, actually. I can't find how much the difference in the $$ capital given to EURO TECH will be in exchange what what price on the shares of their stock.....Anybody know? got it documented?

Again, not screaming scam..it might be totally legit...offshore deals tend to alert me on things...

also, the accounting issue i talked about --

http://biz.yahoo.com/fin/20000515/euro/ti.html

the revenue column says:

from inception in '95 till now- revenues of 150,000. That is five years of revenues.

but on the the profile on yahoo -
For the fiscal year ended 12/31/99, revenues totalled $150 thousand, vs $0.

That is TOTALLY incorrect, if I am reading this right. For the past 5 years, total revs have been 150,000, not just last year...I'm not sure if that appears in filings, but that is decieving to the potential investor....the company can update their profile in the marketguide database, (which is what yahoo uses), so I would suggest someone tell them it's whacky..and reported incorrectly.



FM