I think many times people simply don't understand that ICO tokens/coins aren't necessarily the next BTC, they are just a way to crowd fund some project and then have your tokens bought back by the company or whatever with the profits they make while having the token price grow at the same time. Like these guys who wanted to reopen some power plant in Russia and did an ICO for that, I can't remember who they were.

Also there's something inherently wrong according to most people here in a coin that has a large premine percentage. ICO coins are essentially 100% premine.