Houmu Holdings Ltd (HOMU)

[rustictex]

Additional Detail

Here is more DD IMO showing there is no Reverse Split being pursued presently. These are simple FACTS with no opinion. Again, however, I can not account for what Houmu Holdings may do in the future, a reverse split just isn’t happening presently.

The following are the last four (4) filings completed, presented in a timeline. I have included an explanation of what occurred at each filing and how it is related to CHAPTER 78 - PRIVATE CORPORATIONS. Simply the title of each section sheds light on what has occurred.
Here is a link to the chapter should you want to read each section: https://www.leg.state.nv.us/nrs/nrs-078.html#NRS078Sec209

It would be beneficial to re-read the 8-K filed on 12.14.20 with a reporting date of 12.09.20 prior to reading the following. It will help bring understanding to what has transpired and what will likely happen in the months to come.
Here is a link: https://www.sec.gov/edgar/searchedgar/companysearch.html

20200902851 – 09.09.20
Certificate of Amendment to Articles of Incorporation Pursuant to NRS 78.380
CHAPTER 78 - PRIVATE CORPORATIONS
- subsection: NRS 78.380 Amendment of articles before issuance of voting stock
The first NVSOS filing that had to take place after the Authorized Share count was increased to 9 Billion (9,000,000,000). Nothing more, nothing less, this is all that occurred.

Here is the document.




20200931716 – 09.23.20
Certificate of Designation NRS 78.1955, 78.1955.6
CHAPTER 78 - PRIVATE CORPORATIONS
- subsection: NRS 78.1955 Establishment of matters regarding class or series of stock by certificate of designation.
This filing amended the Common Share count from 9 Billion to 8.9 Billion and established the new 100 Million Shares of Series A Preferred Stock prior to the issuance of the new class of stock. Submitted with this are the articles pertaining to the creation of the Series A Preferred Stock further outlining the 100:1 conversion for the right to convert and for voting rights.
It is important to NOTE THE FOLLOWING SECTIONS within the articles:
- Section 4 Conversion – the holders of Series A Preferred Stock, shall have the conversion rights as follows:
o (A) Right to Convert Subject to Section 4(c), each share of Series A Preferred Stock shall be convertible, at the option of the holder thereof, at any time after the date of issuance of such share, at the office of the Corporation or any transfer agent for such stock, into such number of fully paid and nonassessable shares of Common Stock as is determined by dividing the Original Issue Price of the Series A Preferred Stock by the Series A Conversion Price applicable to such share, determined as hereafter provided, in effect on the date the certificate is surrendered for conversion. The initial Series A Conversion ratio shall be 1OO Common Shares per each Preferred Share.
- Section 5 Voting Rights - The holder of each share of Series A Preferred Stock shall have the right to l 00 votes for each share of Common Stock into which such Series A Preferred Stock could then be conve11ed, 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-conve11ed 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).
These two sections are where the 100:1 conversion plays its part in the next filing.

Here are the documents.









20211256689 – 02.24.21
Certificate of Change Pursuant to NRS 78.209
CHAPTER 78 - PRIVATE CORPORATIONS
- subsection: NRS 78.209 Change in number of authorized shares of class or series: Filing and effectiveness of certificate of change; amendment of articles of incorporation.
This filing, which is the one being spread around as a reverse split, merely outlines the change which occurred in the prior filing which was the change in Common Stock from 9 Billion to 8.9 Billion, the creation of the 100 Million Series A Preferred and the Series A Preferred Stock conversion Rate of 100:1. Note the instructions on the Certificate of Change.
(2) Indicate the current number of authorized shares and par value, If any, and each class or series before the change.
- Authorized Shares / 9,000,000,000 Par Value .001
(3) Indicate the number of authorized shares and par value, if any of each class or series after the change.
- Authorized Shares / 8,900,000,000 Par Value .001
- Series A Preferred Stock / 100,000,000 Par Value .001
Note that at this point, after the change, the total authorized share count still remains 9 Billion with the same par value.
(4) Indicate the change of the affected class or series of Issued, If any, shares after the change In exchange for each issued share of the same class or series.
- As noted on the document “Each 100 shares of common stock shall automatically be converted into one share of fully paid and non-assessable common stock.”
It is important to note here, referring back to the rights previously noted for the Series A Preferred Stock, that the new series of stock was given the right of conversion. 100 Common shares equals 1 share of Series A Preferred Stock, that’s all that this is outlining, nothing more. NOT A REVERSE SPLIT!

Here is the document.



20211256693 – 02.24.21
Certificate of Amendment Pursuant to NRS 78.385 and NRS 78.390
CHAPTER 78 - PRIVATE CORPORATIONS
- subsection: NRS 78.385 Scope of amendments and NRS 78.390 Amendment of articles after issuance of stock: Procedure
This filing is simply the certificate showing a 93% vote for the name change to HOUMU HOLDINGS LTD

Here is the document.




There has been nothing regarding a reverse split as of February 24, 2021.

IMO NO REVERSE SPLIT!

Full steam ahead…. Go XMET

RTX