It means that the money they raise is just a lie.
I see they announce that they will launch the IEO, how they can do this, the exchanges will check the project before launching the IEO on their platform.
Who knows how much was raised, the point is they had a 9 month ICO and now are having rounds upon rounds of IEOs at 3 exchanges. They claim to have raised $6.5 million

The Uzbek/Kazakh scammer owners from Adab Solutions Haraam Exchange have been raising and seeking funds for nearly a year yet they have an off the shelf MVP pathetic exchange demo and apart from photoshop pictures promoting their scam they do not have anything else to show for it.
The moment they stated they will be happy to accept funding from prostitutes, pimps, drug dealers and criminals with earnings from all sorts of immoral and illegal sources, they exposed themselves as fake religious people.
They are petty criminals preying on vulnerable and gullible people by fooling them in to thinking they are funding a religious project when they are doing nothing of the sort.