Replies to post #33696 on Houmu Holdings Ltd (HOMU)

[THall]

Wrong once again. SMH its all well documented that the control block of 100 million Series A have super voting rights

[Blur]

Please sticky this post by NRS2005
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=161851828

This happened before the 12/09/20 closing.

Also to note these preferred common share did not come out of any invalid shares. This is a fact Wei would only buy XMET with.

Reduction finished. Just awaiting procedural process update.

[Blur]

Sorry I meant t sticky this please by NRS2005

Tuesday, 02/16/21 09:01:06 AM
Re: THall post# 33679 0.035
Post # of 33712
Preferred shares DON'T VOTE. So they CAN'T have Super voting rights.

They can be converted to common shares that do.
So if Tian had NO COMMON SHARES, he could not be in control. Because you are saying he only has non-voting shares.


Preferred shares are given a position before the Common Shares in any bankruptcy. To get that treatment, they do not vote. No vote. Not now. Not yesterday. Not tomorrow. Only Common Shares can vote.

That is why the contract states "Fully Diluted." The hypothetical moment when there are only commons shares because the Preferred shares have been hypothetically converted--- and why the contract then and only then mentions voting rights.