You are not that wrong when you say that many bounty hunters do not really offer too much to the ico they are promoting, but now we need to ask ourselves what is the ico offering to the bounty hunters? And you will see that they are not offering too much either, they are just offering a bunch of coins that have no value yet and there is a high chance that those coins will never have any value at all.
Right, my point exactly. So why do bounty hunters continue? I really have no sympathy for either side of the equation.