I don’t think you can totally discount the fact that Star Wars as of yet hasn’t had even an inkling of a mention in any articles about the deal despite being fairly big news that Disney now holds the rights to ALL SW movies, probably one of their biggest and more profitable franchises alongside the Marvel Cinematic Universe. And the fact that news on Mike Verta’s restoration has also gone completely cold at the same time.
If Disney really are trying to keep the whole thing quiet in lieu of an official release in the near future then I highly doubt you are going to hear anything but denials via official and even most unofficial channels. They’ll have that shit locked down water tight…
I really don’t think Mike’s silence has anything to do with this. Most likely what’s happened with Legacy is they seized all assets related to the film, made him sign an NDA, and threw it all in the vault to be forgotten. Near the end Mike also seemed more interested in using it as a restoration proof of concept than an actual release. I doubt Legacy will ever see the light of day.