Houmu Holdings Ltd (HOMU)

[NRS2005]

First. Please look up fully diluted and see what it means. There is not one statement in what you put up that has voting rights for the preferred shares. Only that they are Convertible Preferred Shares. Which means they need to be Converted (FULLY DILUTED) before they can vote.

Second, the 100-1 figure was put up on the Board in September when the Preferred Shares were announced. Since it wasn't disputed, that is the figure I have used.