Very legitimate questions indeed. I think these type of questions serve transparency. The Bit Bay team thinks such question is FUD.
And I think you are a troll. If you don't like this coin or it's team and plans then simply move along. Nothing is compelling you to buy into it?
+100
-200
that's the attitude that leads to all of the scams on here.
I doubt this project is a scam but really this kind of "we can't answer any questions just give us money or don't" attitude enables scams.
Should be 100 % standard now that exchanges or trusted escrow groups hold the bulk of the ico ito funds until results are flowing and then only released in sensible chunks to further funding of the project.
Same for premines.