Houmu Holdings Ltd (HOMU)

[catar]

I don't know the specific process in a case like this one but if the old liability is determined fraudulent or is barred as an unasserted claim, there will be some kind of court order to bring down the authorized shares to not have a fabricated positive shareholders equity. Call it whatever you want, it is a simple equation, you take a piece from one side you have to take a piece equal in value from the other side. Anyway, as I said before, I had enough of this senseless arguing. I know why you do it and it got boring.
My bet is really very simple: the liability was fraudulent and after whatever court process the float will end up where noob says. Simple.