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.
This could have been one of the best projects in the crypto world but sadly their marketing team is shit. They are focussing so much on the new FX chain that they are not giving much-needed attention to NPXS.
It is very hard to argue with what you wrote. I have been shouting from the rooftops for a very long time about that because their Telegram has been taken over by bots and anybody can post any trash there without any repercussions.
It was obvious to everybody they should have massed produced the XPOS devices and used the ICO funds to get in to partnerships with major retailers around the world so the XPOS would have been commonplace as methods of payment. Without even reaching a sizeable market they started this blockchain phone and their own blockchain set up and then there was the token swaps too.
They have ruined what could have been a great project that was launched over 2 years ago but failed to deliver at every opportunity it had, even when it had time to make changes to alter course they board did nothing and let this project float to what will be its eventual demise.