UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
- ------------------------------------------------------------------------------
SCHEDULE 13G
- ------------------------------------------------------------------------------
Under the Securities Act of 1934
(Amendment No. 7 )
ROADMASTER INDUSTRIES, INC.
-----------------------------------
(Name of Issuer)
Common Stock, $.01 par value
-----------------------------------
(Title of Class of Securities)
769727 10 8
-----------------------------------
(CUSIP Number)
Check the following box if a fee is being paid with this statement /No fee/
<PAGE>
<PAGE>
Cusip No. 769727 10 8 Page 2 of 4 Pages
Row 1.: Equitex, Inc.
84-0905189
Row 2.: (a) / /
(b) / /
Row 3.: SEC USE ONLY
Row 4.: Delaware Corporation
Row 5.: 5,205,437
Row 6.: None
Row 7.: 5,205,437
Row 8.: None
Row 9.: 5,205,437
Row 10.: / /
Row 11.: 12.1%
Row 12.: CO
<PAGE>
Cusip No. 769727 10 8 Page 3 of 4 Pages
Item 1.
(A) Roadmaster Industries, Inc.
(B) 250 Spring Street NW
Atlanta, Georgia 30303
Item 2.
(A) Equitex, Inc.
(B) 7315 E. Peakview Avenue
Englewood, Colorado 80111
(C) Delaware Corporation
(D) Common Stock, $.01 Par Value
(E) 769727 10 8
Item 3. If this Statement Is Filed Pursuant to Rule 13d-1(b), or
13d-2(b), Check Whether the Person Filing Is A:
Not applicable
Item 4. Ownership
(A) 5,205,437 shares of which 5,105,437 is common stock and 100,000
shares of common stock are issuable upon coversion of 1,000
8% Convertible Subordinated Debentures.
(B) 12.1%
(C) (i) 5,205,437
(ii) -0-
(iii) 5,205,437
(iv) -0-
Item 5. Ownership of Five Percent or less of a Class:
Not applicable
Item 6. Ownership of More than Five Percent on Behalf of Another
Person:
Not applicable
Item 7. Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported on by the Parent Holding
Company:
Not applicable
Item 8. Identification and Classification of Members of the Group:
Not applicable
Item 9. Notice of Dissolution of Group:
Not applicable
Item 10. Certification:
Not applicable
<PAGE>
<PAGE>
Cusip No. 769727 10 8 Page 4 of 4 Pages
Signature
----------
After Reasonable Inquiry, and to the Best of My Knowledge and Belief,
I Certify That the Information Set Forth in this Statement Is True, Complete
and Correct.
EQUITEX, INC.
Dated: February 13, 1996 as
of December 31, 1995 By /s/ THOMAS B. OLSON
--------------------------
Thomas B. Olson, Secretary
