MoneyOnMobile, Inc. (OTCMKTS:MOMT) Files An 8-K Submission of Matters to a Vote of Security Holders
Item 5.07 Submission of Matters to a Vote of Security Holders
shareholders to notice duly given. At the special meeting, the
Company submitted for approval by its shareholders proposals (i)
to amend its Amended and Restated Certificate of Formation –
For-Profit Corporation to effect a reverse share split with
respect to the Companys issued and outstanding common stock, par
value $0.001 per share, including shares held by the Company as
treasury shares if any, at a ratio of between 1-for-5 and
1-for-20 (the Exchange Range), with the ratio within such
Exchange Range to be determined at the discretion of the Board
(the Reverse Share Split) and the Reverse Share Split shall be
effected at such time as the Board deems proper and ready; and
(ii)>to transact any other business as may properly come
before the meeting or at any adjournment thereof (the Other
Transactions). The results of the voting for these proposals were
as follows:
and Restated Certificate of Formation – For-Profit Corporation To
Effect Reverse Share Split:
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For
|
44,051,998
|
*
|
|
|
Against
|
143,257
|
||
|
Abstain
|
of Company Common Stock (ii) 1,225 shares of Company Series D
Convertible Preferred Stock, which vote on an as-converted basis
with the Common Stock and represent 2,041,671 votes, and (iii)
2,530 shares of Company Series E Convertible Preferred Stock,
which vote on an as-converted basis with the Common Stock and
represent 1,591,195 votes.
Business as May Properly Come Before the Meeting or at Any
Adjournment Thereof:
|
For
|
40,933,277
|
*
|
|
|
Against
|
1,173,401
|
||
|
Abstain
|
991,610
|
of Company Common Stock (ii) 1,225 shares of Company Series D
Convertible Preferred Stock, which vote on an as-converted basis
with the Common Stock and represent 2,041,671 votes, and (iii)
2,530 shares of Company Series E Convertible Preferred Stock,
which vote on an as-converted basis with the Common Stock and
represent 1,591,195 votes.
About MoneyOnMobile, Inc. (OTCMKTS:MOMT)
MoneyOnMobile, Inc., formerly Calpian, Inc., is an early-stage company. The Company operates through the MoneyOnMobile segment, which is a mobile wallet service used to pay for goods and services from a mobile phone and to make other financial transactions. MoneyOnMobile allows consumers, to deposit funds into their mobile wallet or to perform a financial transaction through its agent network of approximately 313,541 retail locations as of April 30, 2016. Consumers use their mobile phones to make certain routine payments for utilities or to transfer currency to other consumers using text-messaging and mobile application technology. MoneyOnMobile offers electronic wallet services (M-wallet), similar to carrying a prepaid debit card, however using the consumer’s mobile phone. MoneyOnMobile has a multi-lingual application. By using this application, customers, through its agent network, can pay for goods and services and send money anytime and anywhere. MoneyOnMobile, Inc. (OTCMKTS:MOMT) Recent Trading Information
MoneyOnMobile, Inc. (OTCMKTS:MOMT) closed its last trading session down -0.020 at 0.340 with 72,824 shares trading hands.