Anticipating the situation of fake promises in ICO model, DESICO made a decision to switch from ICO to Security token offering (STO). STO is a strictly regulated offering that provides investors with ability to invest in tokenized securities. Investors need to pass KYC and AML procedures along with provision of proof of their identity, residence address as well as indication of their income source. Current regulation across the globe does not provide possibility to issue and/or distribute security tokens if they were not paid for.
Put to the aside your anger and disappointment of not getting paid and look at the quote.
It clearly shows the inability to distribute the Security tokens and it has legit legal reasons. I wonder how other STOs which are using bounty hunters will deal with this.