So just to recap this release: TTagit needs to be re-built from the ground up. Is that it? Is that really what this news release was about? Packed full of programming terms meant to confuse the average reader and keep them from getting the overall message?
Leigh Akin did a poor job of writing the code the first time and has to do everything over again; then make an IPhone app; then make an Android app. So right now, you own 51% of... nothing?? An idea? A mediocre first failed attempt at a website? That needs to be re-coded and re-created?
How is Lori not ashamed of paying a large sum of cash for this? What exactly did she put her money into? That's one expensive concept, because a functional website surely does not exist.
How are you going to put out a news release even roughly outlining how a useless database is going to be restructured; yet you can't tell your shareholders even rough details about the affairs of a mining business they thought they invested in? As I've stated before, I believe Lori was 'wowed' by Leigh's use of industry terms and programming jargon. She threw money at him because she was duped into believing Leigh Akin is somehow unique in being able to use CSS and Javascript.
Guess what Lori, it's a huge industry, with of millions of people. Millions of people are capable of compiling websites! Not just your buddy Leigh! They all work for a lot less money! You got hosed!!!
Talking about "advanced key-value store and working with Node.js a platform" might make you feel like an invalid in the presence of an infinitely more intelligent being. You might feel like the guy can crush Facebook and be the new kingpin of social media with all his impressive new words you've never heard. The rest of us are not so easily fooled. He is a programmer, there are many like him who are capable of the very same things he is. They would love it too if you could give them $800,000 for their re-hashed, yesterdays news ideas.
Now if only you had a bottomless pit filled with other peoples money...
All in my opinion.
