I think the devs could communicate more proactively here and engage more with the community. I think that is a fair critique.
The GEN coin is still below the issue price. Shouldn't the development team do something to restore investor confidence?
Yes, you are right, they definitely should do something, it is not serious... but who knows what they have prepared, legal notification about that their token is not a security one is a good news and i hope that they are already negotiating with a top exchanges right now.
I see this type of posts way too often. They are as old as the whole ICO thing. Unless you have a good and constructive idea what that "something" is the devs should do, there is no point in complaining here.
Here is the thing:
If the devs have malicous intent, they don't care about you either way.
If they have no malicious intent, they are working on it already. Sometimes they can't say anything due to NDAs, especially when it comes to exchange listings.
If you have a great idea, go ahead and post it