Pretty much this.

People say 'oh it can't be a scam, I made X', that's hardly logic.

Coin value been doing down and down, still not on the big exchanges (what are they afraid of - people just selling up, or can they just not get listed on them). Blockchain is always having delays because they chose the wrong algorithm for the project, I guess it was just easy to copy Monero's source code but not to understand it.

I'm fairly sure they're just biding their time so they can get out when their ICO funds unlock in November this year.