a) they do not specify any soft cap
...
Does this make sense or am I getting something totally wrong?
You don´t need to read any further. Any project that does not specify a soft cap is saying that they will proceed with the project with any amount the get. It is a clear sign of money-grabbing.
Why?
- The accept any money, but all projects require a minimum to stand a chance of success.
or...
- They already have money to do the project, in which case, they are just trying to make easy additional cash with your investment.
So, there is a good reason why there is a softcap in projects. Besides that, the hard cap should very rarely be more than twice the soft cap, because there is also a limit in the efficient use of money.