Houmu Holdings Ltd (HOMU)

[NRS2005]

Preferred shares DON'T VOTE. So they CAN'T have Super voting rights.

They can be converted to common shares that do.
So if Tian had NO COMMON SHARES, he could not be in control. Because you are saying he only has non-voting shares.


Preferred shares are given a position before the Common Shares in any bankruptcy. To get that treatment, they do not vote. No vote. Not now. Not yesterday. Not tomorrow. Only Common Shares can vote.

That is why the contract states "Fully Diluted." The hypothetical moment when there are only commons shares because the Preferred shares have been hypothetically converted--- and why the contract then and only then mentions voting rights.