Replies to post #26129 on Houmu Holdings Ltd (HOMU)

[GBRO]

The MM's have been trading between themselves and giving an appearance that shares are being dumped by the billions just to get back every share they've illegally naked shorted.

They will pay much higher to get them all back.

No way the float is 8.2 billion.

MMs have been covering naked shorted shares in the billions, PTL, with many billions to possibly cover yet, imho... Sadly, these covered shares could have been used to make present investors more money... Also, has anyone thought why the PPS remmains around the guaranteed .0010 range for a month??? We will find out shortly if there actually is a suspected naked short position... jmho

[THall]

SMH its all in the Q. No naked shorts just shares already issues and outstanding.

10q proves no shares will be canceled. OS is 8.27 billion same as float. $8,197,627 of debt was converted to 8,197,627,462 shares of common stock and sold into the market


As of May 31, 2020, the Company had 75,000,000 authorized shares of Common Stock with a par value of $0.001. As of August 31, 2020, and May 31, 2020, respectively, there were 8,272,627,462 shares of Common Stock issued and outstanding. Therefore as of May 31, 2020, the Company had issued 8,197,627,462 shares in excess of the amount authorized. As of May 31, 2020, the Company recorded these excess shares as a liability of $8,197,627 on its Consolidated Balance Sheet based on their par value of $0.001 per share.

On September 9, 2020, the Company filed a certificate of amendment with the State of Nevada to increase its authorized share count to 9,000,000,000 shares. Based on an analysis of Nevada law, the Company believes the increase in authorized shares, retroactively, relieves the Company of any liability for over-issuance of shares. As of August 31, 2020, the Company has reduced this liability of $8,197,627 to zero with an offset to Common Stock and Retained Earnings, resulting in no impact on its Consolidated Statement of Operations

[Blur]

IMO I held the thought DL took his foot off the pedal to let the naked short MM cover relatively W/O getting burned too bad.

Again IMO, the flat stall was so he would keep his reputation. Just a guess.

Either way XMET + IPO + Wei Tian + low under 1 billion float = big $$$

[Eli-316]

That may be the case. I'll tell you this, 30 minutes later and my .0013's still aren't showing not have been filled...Meanwhile, the ASK was sitting on .0013 for half of that time.