I feel for IGD shareholders that thought they were investing in a mining exploration company.

Here is a link to the team of one of the most famous technology start-up VC on the planet located in the heart of Silicon Valley. This team consists of appox 200 years combined experience at the forefront of global technology. This is the team that evaluates all proposals and management teams.

They specialize in seed and early stage funding (which the TTAGIT deal is)

They specialize in $500,000 - $3,000,000 funding (which the TTAGIT deal is)

They have never turned thier back on a surefire billion dollar idea (they'd be the first to tell you though..there is no such thing)

http://www.garage.com/about/team.shtml

here is a link to the team who presumably evaluated the TTAGIT deal.

http://steliasmines.com/corporate/

The questions are simple

Who actually evaluated this "new technology venture" and were they qualified to do so?

The likely answer: whoever evaluated the technology had no appreciable experience otherwise they and thier experience would have be mentioned in the news release to add merit.

Why did TTAGIT go to a company who can provide no further value to thier success beyond cash...instead of a technology venture firm like Garage or 100 other firms like Garage who don't turn thier back on good investments and can provide invaluable experience and advice to all but ensure success in the market?

The likely answer...either they did and were dismissed or they decided to go for an easier mark.

S.