RMLX 1-60 SPLIT AND DIVIDEND 120 FOR 1
RMLX another filing out. it seems to be a divy. I smells some new merger in the works
Item 8.01 Other Events
The Company is amending the previously filed Form 8-K to include the following:
On March 24, 2015, Roomlinx Inc. (the “Company”) authorized a dividend of 12,603,473 of shares of Common Stock (the “Shares”) to its existing shareholders. The issuance of Shares was exempt from registration pursuant to Section 2(a)(3) of the Securities Act of 1933, as amended (the “Act”), since that issuance did not constitute a “sale,” as such term is defined under the Act. The Shares will bear the following restrictive legend:
THESE SHARES ARE RESTRICTED BY THE COMPANY AND MAY NOT BE SOLD, SOLD SHORT, ARBITRAGED, TRANSFERRED, PLEDGED, ENCUMBERED, HYPOTHECATED, OR OTHERWISE DISPOSED OF WITHOUT THE PRIOR WRITTEN CONSENT OF THE COMPANY UNTIL DECEMBER 31, 2015. ANY VIOLATION OF THIS LOCK-UP PROVISION WOULD BE IN VIOLATION OF THE FEDERAL SECURITIES LAWS.
On March 26, 2015, the Company erroneously reported that it was doing a 118.95 Forward Split. This split did not and will not take place. The only split is a Reverse Split of 1 for 60 as described above reducing the issued and outstanding shares to 106,857 shares of Common Stock as of March 27, 2015.