Houmu Holdings Ltd (HOMU)

[Blur]

Now in effect This is the new SEC rules on financial reporting.

Implementation taking effect last week.
Possibly why the court is having a receiver report.

Chinese companies now have to file financials in order to trade on US exchange.

This is great news for investors of XMETD



Here is the SEC rules to debunk the misleading posts regarding XMETD is a Empty Shell or Money Laundering scheme or going dark
https://www.sec.gov/corpfin/disclosure-considerations-china-based-issuers

Disclosure Considerations for China-Based Issuers
Division of Corporation Finance
Securities and Exchange Commission
CF Disclosure Guidance: Topic No. 10
Date: November 23, 2020

Summary: This guidance provides the Division of Corporation Finance’s views regarding certain disclosure considerations for companies based in or with the majority of their operations in the People’s Republic of China (“PRC” or “China”).