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"Jay Williams bailed for what appears to be greener pastures". Or was it because the company placed the smartphone app on the back burner.
He did the job he was brought in to due and left to pursue his true passions.
He will be linked to the company for sometime

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It may look that way through the spam hype-colored glasses, however the conclusion that actually fits the facts is that Squires got suckered into buying a failed company to get a technology that he could have picked up for free open source.