White Island - Just an abandoned project???

I've been a member since White Island was first released and paid to play through both of the seasons in its entirety. I found it unprofessional and frustrating being stringed along by the company who kept saying they will update about WI but it's been several years and nothing has changed. I'd like to know what happened and why they dropped such a good game/project that had potential to be more. I would love to see season 3 or have some sort of closure on the overall story. For it to be left unfinished, is quite tasteless to me tbh.