So a coin that has supposedly been in development for months, but devs can't say anything for the last 5 days because it's a holiday weekend.

Devs fuck original investors by asking for 2nd IPO, which drops price from 800 to 200.
Devs say they can't keep the coin alive without more money. (what, no study hall at MIT?)
They haven't yet delivered anything beyond a copy\paste PoW to PoS coin. Same as mantis a couple weeks ago.
Let's be real. Best case scenario is they are students, who just don't give a fuck anymore.
Worst case, everyone has been scammed(likely)
Don't take my word for it, read the "intellicoin" post history, and decide for yourselves whether or not this is a scam.
1). They said they were only going to post ANN's from here on out. I don't blame them.
2). They were trying to help the coin, but most investors threw a temper tantrum. They will need money for PR, bounties and hiring work done.
3). They have said that they will be delivering. Believe them or not.
4). Assumptions and opinions aren't facts.
5). Quit trolling.
6). We clearly already have or we wouldn't be posting here.