How many others agree and would like to get their funds back?
Not me. I am happy they raised more. More = greater success of having the funds they need to carry the project through to fruition.
Your happy even though they lied and are going to dilute the value of your your token by adding a lot more to the supply?
How is it being diluted? The value of your tokens are, to start with, related to the amount of money the project has.
For example:
1% of $3M = your tokens are worth $30,000
0.5% of $6M = your tokens are worth $30,000
The number of tokens you actually get are arbitrary anyway.
With the extra funds they will be able to do more than they had originally planned. More funds -> more dev -> better tech / marketing = better chance of success. Which means as an investor your investment should be worth more.
The project is now worth very little. If I get back 50% of my ICO investment I will consider myself lucky.
If they had no cap and raised 4.4 million instead of 3 million that would be great but a lot of the money they received was specifically because there was a $3m cap...
...
No serious investment, no customers and it's possible many exchanges can't touch this now.
I think you are being a bit melodramatic.
The very fact they got more investment than their quite frankly modest original asking amount is in my opinion a great thing. It shows people are very interested in the tech they are offering.
Personally I thought the target amount of $3M was too low and the cap had very little bearing on my investment. In fact I was somewhat worried with only $3M they would not have enough to pull off their goals. Although I understand this might not have been the case for some investors.
Encryptotel could easily turn into a $45M+ company or they could go bust. That is (ad)venture capitalism. But I really don't see how them raising more money than they originally asked for is detrimental to investors.