Houmu Holdings Ltd (HOMU)

[tastywaffles]

Xmet’s preferred shares have voting rights, per the document establishing them:

5. Voting Rights. The holder of each share of Series A Preferred Stock shall have the right to 100 votes for each share of Common Stock into which such Series A Preferred Stock could then be converted, on an as-converted basis, and with respect to such vote, such holder shall have full voting rights and powers equal to the voting rights and powers of the holders of Common Stock, and shall be entitled to notice of any stockholders’ meeting in accordance with the bylaws of the Corporation, and shall be entitled to vote, together with holders of Common Stock, with respect to any question upon which holders of Common Stock have the right to vote. Fractional votes shall not, however, be permitted and any fractional voting rights available on an as-converted basis (after aggregating all shares into which shares of Series A Preferred Stock held by each holder could be converted) shall be rounded to the nearest whole number (with one-half being rounded upward).

If I’m reading this correctly, that would give Wei’s Series A shares the voting rights of 10 billion commons.