True, after having btc stolen in Jon Montrolls bitfunder robbery and coming to realize that at least half of exchanges seem to run off deposits (or legitametly get hacked) I've apprehensive to invest in anything. Havelock is after all the one of 4 exchanges left selling am shares.
Re AM1hashing fund, I think there is still lots of trust for AM but its more that most btc world investors see cloud mining with a slim chance of returns in mining these days. You know that the price can only go down after purchase, its not like a stock, so its not an encouraging investment.
Personally speaking I think the price needs to be lower before buying any. The price is about par for the mining hardware, so for myself personally who had always got a roi in asicr mining only after mining a few months than selling the used hardware, and only ever losing btci the cloud mining I've done, its a tough sell.
I think it would been a far more successful IPO launch to offer a tremoundous price per hash for the IPO, which would then attract investors and stimulate the buying and selling on havelock after the IPO. The way it is priced now, although a decent and fair price, you can only really imagine the price going down and that's even if the IPO gets filled at all.