I lost a bunch of money on this. The thing that galls me is that they massively exceeded their funding target, but still couldn't do anything. What was their

I lost a bunch of money on this. The thing that galls me is that they massively exceeded their funding target, but still couldn't do anything. What was their plan if they only hit their target?? They didn't have a product --- they had to do all this development. So if they only took in like 100k of the kickstarter, what were they going to do? They totally misrepresented the status of the project. It's right and proper that Paypal and Indiegogo didn't immediately release all the funds to them. The project didn't say they needed those funds for development. Otherwise, how could the funding target have been 100k?