All it takes to witness the professionalism and expertise of the "peer reviewer" of the code is to take a glance on his main page and read a few paragraphs.
http://cryptopump.info/If that's a trusted and respectable source that can do such judgments as declaring anything secure then I am madonna. I won't even mention the article and conclusion of the review, because that has to be the vaguest thing I have read in a long time.
With a premine IPO one could at least expect that those funds get spent properly. Guess not.
There was no IPO, and the premine was declared from the beginning. When I joined the Premine was worth about a bitcoin. For all the work and cost associated with launching a coin, if there was no community interest then the Dev would have lost more (Opportunity cost) as he could easily make more money with his time working then the time he has spent on the forms responding to peoples questions and concerns.
Would you expect somebody to do work for free? Shouldn't you be happy that the dev has incentive to continue to create a better and better coin (Makes his premine worth more) No incentive coins are either not original or dumped as soon as they hit the exchange.
Also most of the people saying the code wasn't right were offered the opportunity to review it and turned it down because guess what....They admitted they don't understand it!