Why are you loosing confidence?
Well, it has been how long since launch now? We have had pretty much no development while they try to set up their organizations/companies. Is there a legal reason why they can't work on the code during this time (honest question)? You expect me to believe it took every bit of their time (they should be working AT LEAST >=40 hr work weeks with how much money they are raking in) to set up their organizations when it took this long? Sure, these things take a while to accomplish because there is tons of back and forth and bureaucracy you have to go through, but they don't actually take that much time or require that much work on a daily basis (especially split between an entire team of people)- a good portion of the time is spent waiting for things to be filed, approved, waiting to meet with people, etc. What were they doing during this entire time while they waited for the foundation of their company and why couldn't they begin work on the code? Is it because they need the ICO money to hire outside programmers? But aren't there programmers within the team itself? Wouldn't it be in the teams best interest to begin development ASAP? It's not like they are getting paid one way or another until the ICO funds are released, so why wouldn't they work to increase the value of their token during that time (they hold tons of LISK too, remember)?
Work on the code NEVER STOPS