Instead of doing an IPO trying to sell more shares, maybe they can instead give shares to people who lost their coins? I'd take that over nothing at all.
If they still want their exchange back, this is the best way to go, otherwise it will slowly go bankrupt.
By giving IPO to the users who currently have coins in their exchange, they can solve the problem of insufficient fund, and if this sites revive again, both the owner and the users will benefit.
Since they have gathered half of the fund, and reopened the exchange site, i think they want to continue their business. Actually when they said they are going to refund all the users, I give more credit to them. However, it has been a while since they update the status to users. If they still remain silent and do not come up with a solution within a few days, then they just want to let it die.
I think TFK is right, if you need help, ask the community! Let's find a way out!
I think you are all naive, just wait another month or two and you will be frothing your own words. They have my coins, they are just keeping want they want. They have plenty of BTC to fend off the small fish who don't have anything real invested in coinEX. Place is nothing but an elaborate scam. They don't give a fuck about you or security.