Red Pulse ICO was a disaster. Neo needs more catalysts in the weeks to come to reverse this downtrend.
I don't think we will see any turnaround until bitcoin takes a breather. I didn't have a huge amount to invest so I managed to get my Red Pulse. They sold out quickly despite a few hiccups - demand was very high. I guess there were quite a few upset people from the timing issue but I don't see it affecting the project in the long run at all, they dealt with the refunds a lot quicker than they'd originally stated.