Well to be honest at this point I don't really care whether the dev(s) are really MIT students or not. All I am interested in at this point is whether they still intend to do anything, or want to just walk away. I presume if they want to walk away we just won't ever hear anything again. But waiting another week as suggested above is probably a good idea.
Exactly my thoughts.
I still don't want to sell. I'm looking at Veilcoin going to the top of the charts today on Bittrex and it had a trade volume lower than Intellicoin a day or two ago. Whales might jump in once everyone dumps. I'll just hold onto it. Waiting another week as well.