Wasn't aware that a company had to officially acknowledge every time it changes minor internal policy/strategy/hiring or firing sales employees/IT-website alterations? News to me. Sure doesn't sound like a productive routine to me if they had to alert investors each and every time.
Given the lack of activity associated with MCCY/ECT it shouldn't be any surprise that individuals who were hired after the merger are fleeing the company. It must be tough not having any products to demo.