I read a lot of those projects that received money from investors but could not create a product demanded by users. This is a disaster for the entire blockchain industry, not just PundiX investors.
Sadly So, the ICO era in crypto put a huge negative mark, which even further hindered the adoption of cryptocoins. Every ICO token/coin from beginning had an ultimate -80%+ loss of value to their investors. There isn't much recovery for this. Even worse so that majority of those projects never went anywhere further in regards to real world use cases.