I think DR cares plenty about shareholders, especially as he's the biggest one of us. Clearly his hands are tied by a lack of $$. He's got overdue bills to pay, employees to keep happy and business expenses. And he's got no money, so essentially he's presiding over a company in steep decline, if not outright crisis.
Nobody knows who's still associated with LTC and on what terms. Any references to production are as old and vague as those that Frank gave in August of 2008. IMO, it follows that if DR had good news of consequence, we would have heard it by now. While I can see some scenarios (negotiations for lawsuit settlements, sale of LTC rights, etc) where secrecy is advantageous, I can't see much optimism in total silence.
I think DR must be trying his best to swing some sort of deal that keeps hope alive, so that the next PR isn't the complete disaster we all fear. Sigh.
