Replies to post #24789 on Houmu Holdings Ltd (HOMU)

[N00B90]

$XMET 8-k math example if exact 93% voting rights contained in Preferred Shares

1PS=100 voting rights
1CS=1 voting right
100M PS = 10B voting rights
100M PS = 93% voting rights
10B(PS voting rights) / .93 = 10752688172 total voting rights
10752688172-10B(voting rights PS) = 752688172 voting rights/common shares in float.

However if you base the math to include the difference of valid / invalid shares

9B valid -- 8,197,627,462 invalid = 802372538 shares. That still gives Wei Tian an approximate 93% voting rights with 100M preferred shares... 100M * 100 = 10B + 802372538 = 10802372538.
10000000000 / 10802372538 = roughly 92.57% or an approximate 93% voting rights.

Clearly approximately 8.2B common shares are still not counted in the voting rights and it's possible the float only consists of these shares.

[N00B90]

$XMET it is in the new CEO's best interest to swap the shares now while they are cheap since if we make request them to swap later and demand interest while we wait. So naturally in order to finalize the prep it will happen sooner than later so it's not an issue later and not cost the new company money.

We will know the fate of the float and business plan very soon. $XMET

[N00B90]

I seriously believe the roughly 8.2B invalid shares are even in the float or our accounts. They are held by DTC and/or will be released into treasury $XMET

[N00B90]

$XMET Speculation Below:

The new SEC document seems refer to Termination of Common Shares with a par value of .0001. Lazar's Amendment and Certificate of Designation filed last year gave all Authorized Shares including the Preferred Shares a Par Value of .001 so clearly the shares in question of being Terminated are the invalid shares illegally over-issued by the original owner. Remember our shares are owned legally and owed. We also don't believe that the invalid shares are part of the float as discussed in my DD. Clearly the Preferred shares are not being Terminated/Converted into Common Shares by this filing as they have a Par Value of .001.
Remember the Motion to Bar Unasserted Claims is 2/1 and we will likely see this Termination to occur shortly after this date although it's possible we see it go into effect before then. We hope the Float will end up as roughly 800 as discussed although this is not guaranteed.

https://sec.report/Document/0001213900-21-002151/

https://www.otcmarkets.com/filing/html?id=14559310&guid=QQ9KUKlIbRS_cyh

https://www.otcmarkets.com/filing/html?id=14414559&guid=QQ9KUKlIbRS_cyh

My DD Events and Speculation in link below:

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=160495840

Post by another user:

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=160943442

[N00B90]

$XMET

All statements below are purely speculation.

Let's take things back to the 10-Q for one moment. When discussing the invalid over-issued shares in the first place they assumed these CS had a Par Value of .001 same as shares legally authorized via CoA land based the liability off that. Remember these approximate 8.2B shares were not legally issued in the first place and therefore technically never had an actual par value legally.

Lazar filed a CoA to cover the liability only and never swapped them out or otherwise. We know this by calculating the voting rights in the 8-K from December. Roughly 800M CS were calculated in but not the approximate 8.2B over-issued shares.

Now we have a 15-12G filed that specifically refers to the Termination of CS with a Par Value of .0001. We can safely assume that the CEO isn't converting his PS with Par of .001 into CS with a Par of .0001(not how that works btw). The more logical assumption is that either the courts or another entity is temporarily assigning the invalid shares a Par Value of .0001 so they can Terminate them easily as an entire Class of their own apart from the valid CS with a Par of .001.

If there are any shares issued to holders over the current valid CS of roughly 800M then they will likely have their shares swapped out for valid shares before this happens. We are all legally due valid shares. I find it likely that all our shares fall under the current valid share amount of roughly 800M given our sell and short volume. Also the file only records 2 holders of CS with Par of .0001

Remember we have our next court date 2/1 Motion to Bar Unasserted Claims and will likely learn the outcome after this date and get an updated Security Profile on OTC Markets of any changes. Remember right not the AS and Float are entirely unavailable right now.


Two rules selected on 15-12G SEC File

12-G4 Refers to the Termination of these share

15D-6 Refers to termination of duty to report these invalid shares I believe. Clearly if there's shares no longer exist in any form or sense there is no reason to report them any longer.

15-12G SEC File
https://www.otcmarkets.com/filing/html?id=14618677&guid=vj_KU6Q1UvXQE3h
10-Q SEC File
https://www.otcmarkets.com/filing/html?id=14414559&guid=vj_KU6Q1UvXQE3h
8-K SEC File(sale of PS to new CEO)
https://www.otcmarkets.com/filing/html?id=14559310&guid=vj_KU6Q1UvXQE3h

My previous IHUB DD Explains previous Events in more detail as well as the calculation of the voting right percentages outlined in the 8-K.

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=160495840

[N00B90]

Risk vs high reward potential. No one should be sold 100% on this we are making an assumption here. One obviouly glaring mistake in the filings so far is in the 8-K in one section he states PS correct par of .001 which matches the CoD but in another section claims they have a par of .0001 which is a glaring typo. The 15-10G states Commons with a par of .0001 which matches no CoA. Is this a typo too? Hoping not. I like my theory better as it makes more sense given the situation. $XMET