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https://www.kickstarter.com/projects/valeforgames/glyde-the-dragontm-an-action-adventure-game-about-dragons/posts/4131675
Apperantly, the moment kickstarter gathered it's base founding goal, some people that worked on a Demo left the dev team. I am not sure if this is true, but I have heard that combat codder, music composer and even main character voice actor left the team. Again, I am not sure if this is true or not, but I would not be surprised if it was true.
The message was basicaly that all of the sudden lead Dev was not sure if they will be able to deliver the product they promised in the kickstarter campaign, so that is why they decided to cancel it before the system will charge people's money.
I apprieciete honesty and transparecy here. Whatever happened must have been severe and must have had a good reason, but I would not want to look into people's private decisions. It is what it is.
But hey, I am wating for another Spyro like / Spiritual Successor for like 16 years, so I guess I can wait a bit more lol.