The first thing on ChromaWalet's website is a message stating "Colored Coins are not simple or easy to use!"
The exact quote (not taken out of context) is: "Warning: the current version is only a preview which runs on the testnet, it is not easy to use and set up." This is because the alpha version requires editing configuration files and accessing the command-line to set up the testnet this version runs on. The beta version, which is due at the end of this month, will not require such steps.
If he still have money left now, he will become a scammer. He, however, could apologize and reduce his personal holding and use that to compensate the public share holders. Even the shares worth almost 0 now, this at least proves he's a decent person and really take the investor's money and his responsibility seriously.
So, you invested and want a refund? You put your money towards a cause and now you want your money back? The sooner we get trading, the sooner we can shake out these weak hands. I don't understand some people, for example, the Seedcoin Fund IPO just finished on Havelock in the last 48 hours and people have
already sold shares for losses in the 10-20% range.
