1) They aren't out of money, they still have about $2mil. It'll last them about a year with their current plans.
2) About half of the money was lost with the bitcoin price decline. That leaves "only" $7mil squandered since the time of crowdfounding.
If they start being more efficient they still have the chance to reach their goals.
Having a very small community fund forced us to be economical, particularly with marketing, but if that wasn't the case.....
As it is, I estimate that we've spent around $ 250,000 on Nxt core related stuff over the last 2 years, if not more.
Even $7 million is a huge amount of money. If they have seen the price of Bitcoin is going down constantly, why the hell they didn't cash out majority into Fiat. All of the real world expenses and programmers want to be paid in bitcoins but referenced at the Fiat value at the time of the payment. So to blame Bitcoin falling price is insane to me. These are the things you need to be ready for if you are running a project of this magnitude.
They have about $2 millions. Current expenses are $410,000 and they will drop them to $340,000 next month. That's hardly money for 12 months. Even if they drop them to desired $250,000 that's money only for next 8 months.
Not to mention that something will probably go terribly wrong again with their calculations so they will end up with having money for 4 months in the end. For example they are still holding 2,7M ethers. What if Ethereum drops by half in the next 30 days? There goes few months of their holdings..
Just sad..