I'm pretty sure the CoinTerra team is legit, though I have no idea what asxproject.com is or was and stuff related to that.

Why? I assume: "If Dr. Naveed Sherwan is legit and involved in CT, CoinTerra is legit also".

1. He is a team member and there is reference to Open Silicon:
http://cointerra.com/team/

2. Open Silicon is huge:
http://en.wikipedia.org/wiki/Open-Silicon

3. He is CEO of OS:
http://www.open-silicon.com/management/

4. The "proof" that Mr. Sherwan is indeed involved in CT:
http://www.youtube.com/K199f61n4qM?t=2m27s Edit: http://www.youtube.com/watch?v=K199f61n4qM&&t=2m27s