gsb,I actually agree with you that the PR appears to say roomlinx has signed an agreement with "an affiliate" of Hyatt. whatever that means. It sounds very promising for roomlinx, then you look at the stock and see that it's down over 9% today, while LNET has been climbing since the news was released. So apparently we are both missing a key part of this story. Either that, or we now live in the Bizarro world.
Agree. The stock did go up but not huge. We will see. The 8k provides some detail but limited. RoomLinx does have a $25m 5 year credit line so I image that is what they will use to beef up. Will be interesting.
Read the PR a little closer it seems like that the contract is simply a seal of approval for Roomlinx to sell to the various hotel franchisee owner operators.
BTW, RMLX has at least three consecutive quarters of declining revenues, a revenue run rate of less than $5 million, less than $500,000 in cash, $2.6 million in debt and operating losses of $500,000 to $750,000 per quarter over the last year.