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10-Q - FORM 10-Q: QUARTERLY REPORT FOR THE PERIOD ENDED SEPTEMBER 30, 2012 - HOTEL OUTSOURCE MANAGEMENT INTERNATIONAL INCform10-q.htm
EXCEL - IDEA: XBRL DOCUMENT - HOTEL OUTSOURCE MANAGEMENT INTERNATIONAL INCFinancial_Report.xls
XML - IDEA: XBRL DOCUMENT - HOTEL OUTSOURCE MANAGEMENT INTERNATIONAL INCR6.htm
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EX-31.2 - CERTIFICATION OF HOMI?S CFO PURSUANT TO RULE13A- 14(A) - HOTEL OUTSOURCE MANAGEMENT INTERNATIONAL INCexhibit31_2.htm
EX-31.1 - CERTIFICATION OF HOMI?S CEO PURSUANT TO RULE13A- 14(A) - HOTEL OUTSOURCE MANAGEMENT INTERNATIONAL INCexhibit31_1.htm
EX-32.1 - CERTIFICATION OF HOMI?S CEO AND CFO REQUIRED BY RULE 13A-14(B) - HOTEL OUTSOURCE MANAGEMENT INTERNATIONAL INCexhibit32_1.htm
v2.4.0.6
Events Subsequent to Balance Sheet Date
9 Months Ended
Sep. 30, 2012
Events Subsequent To Balance Sheet Date [Abstract]  
EVENTS SUBSEQUENT TO BALANCE SHEET DATE
NOTE 6:-      EVENTS SUBSEQUENT TO BALANCE SHEET DATE
 
a.
On October 15, 2012, HOMI received a new loan from a shareholder amounting to $ 200, bearing 8% annual interest. The loan is for a period of four years, including two years’ grace on the principal. Pursuant to the loan agreements, HOMI stated its intention to perform a rights offering. In the event of such rights offering, HOMI will have the right to repay all or part of the loan by issuing shares of HOMI’s common stock, to the lender, at the same price per share as in the rights offering.
 
b.
At the Annual Meeting of Shareholders held on October 10, 2012, it was resolved to execute a one -for- hundred reverse split of all of HOMI’s shares of common stock. Accordingly, following the reverse split, the number of outstanding shares of common stock will decrease from approximately 200,000,000 to 2,000,000 par value per share $ 0.001. The corporation shall issue no fractional shares of common stock and fractional shares resulting from the reverse split will be rounded up to the nearest whole share.