While I think that Tetra's attempts to get back any money from the project will be futile, I have to give it to him, that he is right about the promises.
There are many things that were promised and not delivered, just to quote some from the original post of the ICO thread:
4. Transaction throughput rate initially in the 1000 tps scale on legacy hardware
5. Unlimited scalability depending on node hardware: Boost rates of 10k+ tps on standard 4-core Linux server
15. Offline smart vouchers (fully signed transactions that can be sent to the blockchain by anyone.)
18. Multicurrency crypto client enabling non-gateway direct crypto transfer
19. Built-in non-gateway (direct real crypto) p2p exchange for client supported crypto
20. Custom tokens, private tokens, colored accounts and white label software cloning readiness
21. Multisig for FIAT currency tokens and several main target use cases:
a. Simply value adding feature for the crypto client user security
b. Facilitating implementation of p2p live crypto trading (asset exchange tokens auto match multisig real crypto)
c. Enabling crowdfunding security and direct intake of funds (also real gated EUR, USD that have multisig security)
d. Unique sales point: Multisig Fiat currency
22. Crowdfunding / IPO capabilities heavily emphasized:
a. Readily on-blockchain for DIY agile companies / geeks
b. Licensed fintech corporate partner for turnkey crowdfunding service
26. Major licensed corporate partners in crowdfunding, fiat currency token transfer and BTC exchange areas
27. ICO tokens reward stock options for startup company IPO shares at lower price later in 2016
The difference is, that Tetra (and some other people) took it as guarantees and now are disappointed that the project failed. The thing is that most startups fail, and as I stated before, you need to look not only at what project wants to deliver (the guarantees) but also if it will deliver this. Did HEAT promise all this? Yes. Did the project fail? Yes. Will they give us money back? No, because we took a risk and lost on this particular startup.
Both groups (the one that is raging to get their money back and the one that is believing HEAT somehow magically will recover on the next bull run) are wrong.
Info for the first group: no, HEAT will not give you money back, because you donated it to them based on the promises and your estimation of how probable it is that they will actually deliver. Promises were good but delivery failed.
Info for the second group: no, HEAT will not somehow magically go up on the next bull run. Actually, the next bull run will kill failed projects that are still around, because this is what bull runs do - they make already successful projects go even higher and they clean the cryptosphere of the failed projects. Did the 2017 bullrun made FIMK (HEAT team's previous project) skyrocket? No. Will the next bullrun make HEAT skyrocket? No.
Just be responsible people, accept the risk it takes to invest in crypto.