Infrastructure Developments Corp (fka IDVC)

[luckypennyz]

On January 11, 2012, the Company entered into a memorandum of understanding with Inter Media Development Corporation to acquire 100% of the outstanding shares of InterMedia’s common stock from InterMedia's shareholders in exchange for an aggregate of 84,000,000 shares of the Company's common stock. The Company, InterMedia, and InterMedia's shareholders entered into the Agreement (dated effective January 11, 2012) on February 1, 2012. The parties expect to amend the closing date of the Agreement to close the Agreement in May.

THIS WAS AT THE END OF THE 10K,MERGER CHANGED TO MAY?