The following active modes line on a channel make eggdrop think the channel is moderated;
+BCEFHPfnt block:10:50 block:2:5 3:2 10:15m kick:4:5s
More specifically this mode: +H 10:15m
It makes the following command fail: .act #channel message
Unsetting channel mode H followed by a .reset #channel fixes the issue and makes the above command work as expected.
I suspect the parser is simply looking for the letter m in the whole string which causes this issue.
IRCd: inspircd version 4.x
Eggdrop version: 1.9.5
Maybe related: #1786 - related as in it being a parsing issue
Found by: Jobe at irc.teranova.net/#anope