This is the last official statement from locohammerhead in Slack 2 days ago:

Current status.
Business:
The business side of thing is moving along quite nicely.  We have moved to our new offices in Silicon Roundabout and announced our partnership with Aurovine India and FederationX.  We have other partnerships currently in the works or about to be signed.  I can't publicly mentioned those yet.  We are having a meet up on the 18th since the team is spread across the world we will use this time for strategizing and knocking out as much as we possibly can.   The contracts to bring everybody on full time are nearly complete and will be signed on the 18th as well.  We had some setbacks with that because of compliance and tax issues because Raj and I live in the USA.   We believe all of that is now squared away.  The B2B contracts are in full effect and already have a few signed (See Aurovine India and FederationX).

Development

Work has begun on the BIT API and stage 1 is nearly complete and I'm getting ready to load test it tonight.  Currently it is a basic modular data agnostic API which is capable of transferring coins from any wallet as long as the RPC commands have been coded for it.  Work on the GUI starts tomorrow and after that it starts to actually become the BIT API as additional features are added including sidechain communication.

We are also working on the Aurovine India Mobile App and Distribution.  Currently they will be using AudioCoin but will be moving to the new version of ADC (BPL Sidechain) once we have sidechains running. 

We hit several problems with the BPL Mainchain that the developers are currently looking at.  We tested a new version of it over the weekend but kept coming across issues of forking or incorrect payouts.  This was not helped by the fact that our main dev had to take two weeks off out of the blue.  Our other developers have tried to pick up the slack but with all of the other projects going on they have found it difficult to get everything done in the timeframe we were requesting. 

Issues blocking progress

The main issue at the moment was getting the contracts around so we could all move to Blockpool full time.  Thanks to US regulations Dave, Ken, Kevin, our lawyers and accountants had to pull triple duty to figure out all of the legalities to keep Raj and I in the states so the company didnt have to take the burdensome cost of bringing us over to the UK on a full time work VISA. 

I am in daily contact with all of our developers for each project we have running and provide testing when i can find the time in between meetings for both jobs.  Currently the main item that is behind schedule is the main BPL Blockchain which is still my top focus.