What you said is true that If Pioneer88 wanted to scam then he would have sold all his shares but still wont get that much. All projects takes time to flourish, why even big ICO who have good good amount of ICO fullfilled even then they are taking so much of time to finish their project.
I am having faith on Developer and i am holding the coins and even i am having my buy order in low.
True, I know some successful ICO that collected thousands of BTC and millions of dollar and still under delivered until now. I wonder no one is yelling at their thread and screaming at the dev that their project is a scam. I know some coins initial ICO price is at 32k and now the last time I looked at them they are at 15k sat, lossing 17k sat from the original ICO price and take note they had collected thousands of BTC. Why does these people does not yell scam @ those thread. Instead they pester this thread that has failed ICO and yet the dev is working hard to deliver the project.
I am trading ICOBID on Yobit and it seems in dumping mode maybe those who got bounties are selling their coins. Lets wait wait further until this ends and hope we will see the price will rise again. I am very optimistic of these coin.