That's not so. Factory setup is almost finished down to making some final tooling jigs. Parts have arrived. Rims are done anodizing. Rear swingarm final prototypes suitable for mass production are built, and looking downright amazing.
That's a heck of a lot further than "no sign". If you aren't a backer then you wouldn't have caught these updates as it is a closed court.
Well said. I'm sure we're all hopeful that the Helix succeeds, as it would be an innovative addition to the folding bike arena, but I don't think anybody is deluding themselves thinking that this is a "sure thing". That's the whole premise of Kickstarter after all.