Yes its not a good timing for ico, with the current hard market its not so easy to raise fund. But I think that it possible to raise some money even with that. Cryptoflix suffer a bit from that, but I think that the ico can work better if the market restart a bit.
We were saying this before as well. Teams can't endlessly postpone sales because of market conditions. They gotta make the best with what they got.
Besides, they should've promoted sale more.