Houmu Holdings Ltd (HOMU)

[NRS2005]

Since I am now double checking my knowledge:

https://smallbusiness.chron.com/preferred-stock-dilute-common-stock-63841.html

Convertible Preferred
Holders of convertible preferred stock can exchange their shares for a specified number of newly minted common shares. Convertible preferred stock is dilutive since conversion increases the number of common shares, thereby reducing the ownership level and EPS of each. When financial analysts, investors or corporate managers evaluate a company’s performance, they take potential dilution of EPS into account. “Fully diluted EPS” assumes that all convertible securities -- convertible preferred, convertible bonds and warrants -- will be exercised, resulting in a flood of additional common shares. The potential for an increased supply of common shares drives down the stock price. Corporations can take various "anti-dilution" measures when issuing convertible securities to lessen the probability or impact of dilution.