Houmu Holdings Ltd (HOMU)

[TPADA]

In my opinion it’s basically a sure thing. When you read the SEC report, it’s clear that it’s a point of action. You don’t want the shell to have an excess stock based on what’s legally authorized.

Stockholders’ Equity and Accrued Liability Excess stock Issuance

The Company has authorized 75,000,000 shares of Common Stock with a par value of $0.001. As of May 31, 2020, and May 31, 2019, respectively, there were 8,272,627,242 billion shares of Common Stock issued and outstanding, respectively. Based on records maintained by the State of Nevada, the Company has issued 8,197,627,462 shares in excess of the amount authorized. The Company has recorded these shares as a liability of $8,197,627 on its Balance sheet based on their par value of $0.001 per share


https://sec.report/Document/0001213900-20-021814/