I agree that they should be posting updates to prove the money is being put to use. However looking through the comments I see a number of people referring to the backing as a 'loan' and complaining they didn't get the product 'they ordered'. I think it's clear this 'company' has screwed people but backer expectations are also completely wrong and Kickstarter needs to solve that problem. People seem to think if they give you money and you fail they can get a refund. That's not how Kickstarter works/should work.