Houmu Holdings Ltd (HOMU)

[marcis]

Not accurate but close. DD September 15 2020 amended 12q10 David Lazar raised added 9 billion common then came pink current with still the 8.7 billion AS

Point is you can read the dated formal documents the OS is now 98 million shares.
And, the preferred shares will be a bonus for big $$$ investors

It is not worth investors while for a soft SP
These preferred shares Wei has will draw big $$$ VC

https://sec.report/Document/0001213900-20-026664/#a_010

[quote ]


Prior to September 9, 2020, our Articles of Incorporation authorized the issuance of 75,000,000 shares of common stock, par value $0.001. As of our year end on May 31, 2020, we had 8,272,627,462 shares issued and outstanding. This amount exceeded our authorized shares by 8,197,627,462 shares. In Nevada, the jurisdiction in which we are domiciled, the case law is clear on damages for overissued stock. The laws provide that the shareholder is entitled to force the issuer to swap the invalid shares for valid shares, if they are reasonably available. If valid shares are not reasonably available, which they were not, then the shareholder may recover from the issuer, the price the person or the last purchaser for value paid for it with interest from the date of his or her demand. As a result, based on information available, we recorded a liability on our balance sheet as of May 31, 2020 of $8,197,627 which equal the unauthorized times the par value of $0.001.

On September 9, 2020, we amended our Articles of Incorporation and increased the number of shares authorized to 9,000,000,000. The case law in Nevada is unclear on whether excess shares are “void” or “voidable”, therefore we may liable for our over issuance despite the fact that currently, the amount of authorized shares does not exceed the number of shares authorized.




https://sec.report/Document/0001213900-20-026664/

Lazar sold XMET December 9 2020 at which point upon closing the added Lazar shares were converted to preferred shares

Section 2.6 Authorized Shares. The authorized capital of the Company consists, immediately prior to the Closing, of: (i) 8,900,000,000 shares of common stock, $0.001 par value per share, 8,272,627,462 shares of which are issued and outstanding immediately prior to the Closing; and (ii) 100,000,000 shares of preferred stock, par value $0.0001, 100,000,000 of which are designated Series A Convertible Preferred Stock and 100,000,000 of which are issued and outstanding immediately prior to the Closing. All of the outstanding shares of Common Stock and Preferred Stock have been duly authorized, are fully paid and nonassessable and were issued in compliance with all applicable federal and state securities laws.