Houmu Holdings Ltd (HOMU)

[NRS2005]

As I understand it:
Illegal Shares issued (8B)
Illegal, maybe, but still outstanding and the court needs to account for them.
Custodian raised the share structure to cover the shares
Court asked for the illegal shares to be claimed. Since they are illegal no one does.
Court grants control to the Custodian
Custodian cancels the 8B shares.

Those illegal shares have to be accounted for the by Court. Either allow a period of claim (which is what is being done). Or (and the following is my guess) bring the people into Court and show proof they are illegal (year or more of effort). So give the court what it wants.

This is my understanding and may be wrong.

Will this happen. I hope so. But it is a penny stock.