SC 13D 1 p0139-13d.htm SCHEDULE 13D Unassociated Document
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_______________
 
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No.  ___)*
 
INMEDICA DEVELOPMENT CORPORATION
(Name of Issuer)
 
Common Stock, par value $0.001 per share
(Title of Class of Securities)
 
457638 10 4
(CUSIP Number)
 
MICHAEL K. HAIR, ESQ.
Michael K. Hair, P.C.
7407 E. Ironwood Court
Scottsdale, Arizona 85258
Phone:  480-443-9657
Fax:  480-443-1908
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
 
December 8, 2008
(Date of Event Which Requires Filing of This Statement)
 
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box. o
 
Note. Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7 for other parties to whom copies are to be sent.
 
* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.
 
The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other revisions of the Act (however, see the Notes).

 
 
 
 
CUSIP No.     457638 10 4
13D
Page 2 of 6 Pages
         

  1.  
NAMES OF REPORTING PERSONS
LAW INVESTMENTS CR, S.A.
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
   

  2.  
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(See Instructions)
(a)
(b)
þ
o

  3.  
SEC USE ONLY
 
   

  4.  
SOURCE OF FUNDS (See Instructions)
OO
   

  5.  
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
  o

  6.  
CITIZENSHIP OR PLACE OF ORGANIZATION
Costa Rica
   

     
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
 
  7.    SOLE VOTING POWER
 
13,155,000 shares

  8.    SHARED VOTING POWER
 
0 shares

  9.    SOLE DISPOSITIVE POWER
 
13,155,000 shares

10.    SHARED DISPOSITIVE POWER
 
0 shares

         
11.  
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
13,155,000 shares
   

12.  
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)
 
 
o
 

13.  
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
39.1%  (1)
   

14.  
TYPE OF REPORTING PERSON
CO
   

(1)  On December 8, 2008, Law Investments CR, S.A., a Costa Rica corporation ("LI"), was granted an option by the Issuer to acquire 15,000,000 shares of the Issuer's common stock for an exercise price of $.0075 per share.  This option was transferable by LI and had an expiration date of December 31, 2009.  If LI had exercised all of this option at the time of grant, LI would have owned 44.6% of the Issuer's outstanding common stock.
       During 2009, LI assigned 1,845,000 options to third parties who were accredited investors as part of the Issuer's funding plan and LI exercised 13,155,000 options itself which equals 39.1% of the Issuer's outstanding common stock on December 31, 2009.  Details of these transactions are set forth by quarter in answer to Item 5 below.

 
 
 
 
CUSIP No.     457638 10 4
13D
Page 3 of 6 Pages
         

  1.  
NAMES OF REPORTING PERSONS
RONALD CONQUEST
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
   

  2.  
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(See Instructions)
(a)
(b)
þ
o

  3.  
SEC USE ONLY
 
   

  4.  
SOURCE OF FUNDS (See Instructions)
OO
   

  5.  
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
  o

  6.  
CITIZENSHIP OR PLACE OF ORGANIZATION
 
   

     
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
 
  7.    SOLE VOTING POWER
 
0 shares

  8.    SHARED VOTING POWER
 
13,155,000 shares

  9.    SOLE DISPOSITIVE POWER
 
0 shares

10.    SHARED DISPOSITIVE POWER
 
13,155,000 shares

         
11.  
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
13,155,000 shares
   

12.  
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)
 
 
o
 

13.  
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
39.1%  (1)
   

14.  
TYPE OF REPORTING PERSON
IN
   

(1)  On December 8, 2008, Law Investments CR, S.A., a Costa Rica corporation ("LI"), was granted an option by the Issuer to acquire 15,000,000 shares of the Issuer's common stock for an exercise price of $.0075 per share.  This option was transferable by LI and had an expiration date of December 31, 2009.  If LI had exercised all of this option at the time of grant, LI would have owned 44.6% of the Issuer's outstanding common stock.
       During 2009, LI assigned 1,845,000 options to third parties who were accredited investors as part of the Issuer's funding plan and LI exercised 13,155,000 options itself which equals 39.1% of the Issuer's outstanding common stock on December 31, 2009.  Details of these transactions are set forth by quarter in answer to Item 5 below.

 
Page 4 of 6 Pages
 
Explanatory Note:
 
This statement on Schedule 13D is being jointly filed by Law Investments CR, S.A. and Ronald Conquest (each a “Reporting Person” and collectively, the “Reporting Persons”) pursuant to Rule 13d-1(k) promulgated by the Securities and Exchange Commission (“SEC”) under the Securities Exchange Act of 1934, as amended (the “Act”).
 
Except as may be otherwise indicated in any future filings with the SEC by either of the Reporting Persons, each Reporting Person intends to continue to fulfill such Reporting Person’s obligations under Section 13(d) of the Act by filing amendments to this joint Schedule 13D.
 
Information with respect to each of the Reporting Persons is given solely by such Reporting Person, and no Reporting Person assumes responsibility for the accuracy or completeness of the information concerning the other Reporting Person, except as otherwise provided by Rule 13d-1(k) promulgated under the Act.
 
ITEM 1.
SECURITY AND ISSUER
 
This Schedule 13D relates to the common stock, $0.001 par value (the "Common Stock"), of InMedica Development Corporation, a Utah corporation (the "Issuer" or "InMedica"). The address of the principal executive office of the Issuer is 3104 E. Camelback Road, Suite 242, Phoenix, Arizona 85016.
 
ITEM 2.
IDENTITY AND BACKGROUND
 
Law Investments CR, S.A., a Costa Rica corporation ("LI"), and Ronald Conquest, a citizen of the United States and a resident of the State of Arizona, are the Reporting Persons filing this Schedule 13D. The address for LI is 15029 N. Thompson Peak Parkway, Suite B-111-520, Scottsdale, Arizona 85260. The address for Mr. Conquest is 3104 E. Camelback Road, Suite 242, Phoenix, Arizona 85016. LI's principal business is investments. Mr. Conquest is the Chairman of the Board and Chief Executive Officer of the Issuer and President and a director of LI. During the last five years, neither LI nor Mr. Conquest have (i) been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) or (ii) been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction resulting in any judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.
 
ITEM 3.
SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
 
LI used its cash to exercise its options, except for a promissory note for $17,500 delivered to the Issuer on December 31, 2009 for its final 2,333,333 shares. This promissory note bears interest at 6% per annum and is payable on demand.  LI's promissory note to the Issuer is set forth as Exhibit 3 to this Schedule 13D.
 

Page 5 of 6 Pages
 
ITEM 4.
PURPOSE OF TRANSACTION
 
LI's purpose in acquiring the options and then the shares of the Issuer was long-term investment.
 
ITEM 5.
INTEREST IN SECURITIES OF THE ISSUER

On December 8, 2008, LI was granted an option by the Issuer to acquire 15,000,000 shares of the Issuer's common stock for an exercise price of $.0075 per share.  This option was transferable by LI and had an expiration date of December 31, 2009.

During the first quarter of 2009, none of LI's options were assigned or exercised.

During the second quarter of 2009, LI assigned 1,350,000 options to 4 accredited investors. LI retained 13,500,000 options as of June 30, 2009.

During the third quarter of 2009, LI assigned 495,000 options to 4 accredited investors and exercised 8,076,667 options for $60,575. As of September 30, 2009, LI owned 28.3% of the Issuer's outstanding common stock and retained 5,078,333 options.

During the fourth quarter of 2009, LI exercised its remaining 5,078,333 options for $38,087.50. As of December 31, 2009, LI owned 39.1% of the Issuer's outstanding common stock and no options.
 
ITEM 6.
CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER
 
On December 8, 2008, LI was granted an option by the Issuer to acquire 15,000,000 shares of the Issuer's common stock for an exercise price of $.0075 per share.  This option was transferable by LI and had an expiration date of December 31, 2009.  Issuer's option agreement with LI is set forth as Exhibit 2 to this Schedule 13D.

LI used its cash to exercise its options, except for a promissory note for $17,500 delivered to the Issuer on December 31, 2009 for its final 2,333,333 shares. This promissory note bears interest at 6% per annum and is payable on demand.  LI's promissory note to the Issuer is set forth as Exhibit 3 to this Schedule 13D.
 
ITEM 7.
MATERIALS TO BE FILED AS EXHIBITS
 
     The following documents are included as exhibits to this Schedule 13D:
 
Exhibit 1
Joint Filing Agreement dated January 21, 2010, by and between the Reporting Persons
 
Exhibit 2
Stock Purchase Option Agreement between the Issuer and Law Investments CR, S.A. dated December 8, 2008
 
Exhibit 3
Demand Promissory Note between the Issuer and Law Investments CR, S.A. dated December 31, 2009



Page 6 of 6 Pages

SIGNATURES
 
After reasonable inquiry and to the best of the undersigned’s knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct.
 
Dated: January 21, 2010
 
     
 
LAW INVESTMENTS CR, S.A.,
a Costa Rica corporation
 
 
 
/s/  Ronald Conquest
 
  By:   Ronald Conquest
  President
 
 
 
 
  /s/  Ronald Conquest
 
 
Ronald Conquest, Individually