Roth makes his living cleaning up messes like this, he doesn't really give a crap what the outcome is, just that he does his best to wind them down, rescue them if possible, etc" and then he goes on to the next one.
This is one of many companies he is working with.
There is no good news therfore no update, there sure as hell isn't going to be an update saying "sorry guys I tried but you are all screwed out of your money."
So no news is bad news until there is news.....if ever.