Options Media Group Holdings, Inc. (OPMG)

[lnong]

The 10Q says:

On November 6, 2012 the Company executed a letter of intent to purchase the software and all related intellectual property relating to the product known as "APPCIDENT" in consideration for $250,000 worth of common stock valued at one-tenth of a penny (based on recent cash sales of common stock) or 250,000,000 shares. In connection with the execution of the letter of intent, an affiliate of the seller invested $75,000 in the Company in the form of a convertible promissory note. Such person agreed to invest an additional $50,000 in the Company by November 30, 2012. The Company also granted the seller an option to purchase an additional $125,000 shares at one-tenth of a penny no later than May 1, 2013.

I may be mistaken but wouldn't this acquisition be of APPCIDENT then?