Tripartite Agreement, page-165

It is really naïve on any management not to update the market with the progress if they really care about their investors. I do not think investors would be expecting daily update if there is no progress.

But it has been more than a month and an update on the progress would help the investors to decide as they have invested their money when the directors and the management making a living off the shareholders money.

Updating on a monthly basis is not a big ask for what they are getting paid for.
If there is no progress from last announcement, just say so after all it is an announcement after a month.
Some copy / paste and release to market.

As someone rightly posted before (today), why should the management be trusted. They are here to make money like investors / traders.

One consolation is there has not been heavy volume while going down.