Originally, the dev believed the app would be released this week.
The dev requested extra time to work on it so that it would live up to his encryption standards.

I believe that to be a genuine and honest request.  The price lowered from 2400 to 1000~ from the delay, coinciding a major drop in BTC-USD value, but at the same time the delay is yet not exceptionally long and the dev is consistently interfacing with the community and shows no hint of worry.

We are not sure of a new release date, but I am thankful that the dev has requested this delay in lieu of a knee-jerk release of a product.

So far I am confident in my investment and see no reason to believe elsewise.