Houmu Holdings Ltd (HOMU)

[NRS2005]

Again, the math:
10B in Preferred that are owned by Tian

FULLY DILUTED. Which means the theoretical total if the preferred shares are converted to common shares (Voting rights)

Fully diluted means 10B + 8.9B = 18.9
18.9 x .93 = 17.5 of the fully diluted total.
But 10 Billion is tied up in Preferred shares, so he has
7.5 of the total float. Leaving 1.4 Billion
Since the document says the 93% is approximate
Fudge it 1.3 to 1.5 Billion.