If they used raised funds than it is worse use case from my opinion. They should deliver asap or accept the truth and tell us what is happening behind the scene instead of sharing these nonsense stories with us. I also agreed with you this is failed project where we only getting this kind of irrelevant updates.
Yeah this update essentially says 'MCO hires staff'.
That might have cut it 12 months ago, but now it's just, like, so what?
Inputs aren't the same as outcomes. Hiring staff is an input that might help deliver an outcome, but by itself at this later stage, it means very little.