It would basically be saying.
"Yep, Bank still has our funds."
"Still waiting on the bank."
...
Etc.
Of course there are updates to post. The last update from Bitspend was this, posted one month ago, which claimed paid orders would be processed the following week. That never happened. You don't think we deserve an update explaining why this never happened, and more importantly, what the current situation is? All we know is that their funds were allegedly frozen by Chase. And of that claim, we were presented no proof by Bitspend. There absolutely are updates that should be posted by Bitspend. You have so far said some reasonable things (we shouldn't start a witch-hunt, we shouldn't be too quick to draw conclusions, etc.), but to say that we are not owed an explanation is ridiculous.