You are free to think what you like, but to me this assumption makes no sense. 1. Why didnt they dump already? esp. when there were like 18 LTC/1k PXC? 2. Do you reayll think the go through all this just to dump theii coins? There would be easier ways tomake money in this alt coin scene ... You see that they give away them opoker and will give away them on the othersites to come? Admitted, maaybe timing could be a bit tighter. But I don't get ppl who complain about this coin you can already now do much more thnings thanwith any other coin except BTC? And with devscommitted the way they are, being nice and friendlyand encouraging ppl ... Its out for a week ... Sure I'd like to see some more movementas well, but better do things wiht a steady hand ...
Think what you want, but you have no clue. There was not enough demand to dump that kind a volume.
Code a half-assed gambling site over a weekend. Price tanks - spend another weekend coding an exchange. That's not hard. It's actually pretty smart and a few fell for it.
Though Magnets support still boggles me.
Correct me if I'm wrong:
- you don't have PhenixCoins
- you don't want to buy PhenixCoins
- you don't believe in PhenixCoins
- you think PhenixCoin is a fail / P&D coin
Why then bother to post here?

I like PhenixCoin because the creators make serious effort to do it right. They don't rush things, why would they? What good does it do to rush things when you believe in it?
I'm in PhenixCoin to hold for at least 36 months, buying up to 500k, just like the other altcoins I support.
If you like to criticize a pump & dump altcoin at the moment, I can think of 28 better candidates without any support or place to spend... Don't you think so too?
And I enjoy boggling people. It's not a side effect of what I do, it's my main goal in life.