so many promises and he can't even deliver the IPO
I emailed them (they respond pretty darn quick) -- they said they were postponing the crowdsale until conditions improve and that they're focused on broadening awareness in the meantime to improve odds of success. Seems wise if you look where things are with bitcoin and altcoins right now. Not a great market for a crowdsale, like someone else here said.
They also said they've been having issues with bitcointalk, which is why they haven't updated here, and that they'll continue to update through their website, coinblab, twitter and reddit.