Replies to post #33105 on Houmu Holdings Ltd (HOMU)

[THall]

Im trying to explain to you that it cant be figured until the next financial report comes out. 8 billion shares are actually electronic markers that were issued as dividends. The only way to calculate that is to know how many of those markers have been converted to common shares. At the time of the last filing none of those markers had yet to be converted and sold into the market. But since Lazar made them valid now they are being sold. That is why there was 8 billion shares traded in 2 weeks

[THall]

The simplest way I know to explain this is. 8 billion shares were over issued. In order for Lazar to bring the ticker current with NVSOS and the SEC he had to address the over issued shares. Here were his choices.

1) Dispute the over issued shares

2) Refund $8 million payment to each dividend shareholder and cancel shares

3) Make the shares valid and write the expense off as an $8 million shareholder liability

Lazar chose #3