They show an insane amount of staffs working on their project.

35 People( 26 people on Cordano and another 9 people for just Wallet), many academics.

Now, if you look at their current wallet state and their youtube videos conference. you will hardly find handfull people active in the conference. Wallet doesn't look like a work from 9 people.
Also, they tend to promote too much of Ethereum Classic. piggybacking on Cordano hype. Still, i am optimistic and bought some of their coins.