Investments
can go up and down. If you can't afford to lose all your money then ANY Kickstarter investment should be treated as a black hole.
In this case there does seem to have been a lot of 'stringing the suckers along' with emails about product status. Perhaps a wee bit of fraud might have been taking place while those with the money disappeared off into the sunset?
The words 'Snake Oil Salesmen' come to mind.