This is just an over ambitious get rich quick scheme from the founders and 'private investors'. Anyone that read the full prospectus and/or this thread should not invest in this. They are trying to get all funding from investors to risk on a non-existing business and then take 40% for themselves to top it off. Now that it looks like they will not reach their first unnatainable target with the IPO, they are willing to take what they got so far and just scale down a bit on their initial pie in the sky. It has become too easy for any idea to list shares on these exchanges and raise a ridiculous amount of BTC with no real intention of making the shareholders any profit.