Medical Imaging Corp (MEDD)

[Sho-Nuff]

Doesn't the 8-k say that they have the money or am I missing something here?

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8943406

Item 1.01 Entry into Material Definitive Agreement.

On November 29, 2012, Diagnostic Imaging International Corp. (the “Company”) entered into an amendment of the Share Purchase Agreement with the owners of an MRI facility (the “Facility”) that was originally agreed to on August 13, 2012. The new amendment extends the closing date of the original transaction to December 10, 2012.

Consummation of the transaction is subject to certain customary closing conditions, including, among other things, the satisfactory completion of the Company’s due diligence review of the Facility, the continued regulatory compliance of the Facility, and the continued employment of specified personnel of the Facility. Additionally, the acquisition of the Facility may be abandoned by the Company at any time, in its sole discretion.

The Company has paid a $40,000 deposit and is currently holding sufficient funds in escrow to complete the transaction and, subject to the satisfaction or waiver of all closing conditions, and the closing of the necessary financing, the Company expects to close the transaction by December 10, 2012.

JMO,
Sho-Nuff