Apparently you do not understand. Let me explain in more detail.
No regular development of both BasiliskII and SheepShaver is going on since the last leading developer, Gwenole Beauchesne, stopped working on these projects a couple of years ago. The last release versions date from 2006 and Gwenole's web-site was closed in 2009.
Since then, various users with programming skills have contributed to the source code with isolated bug fixes and improvements. The source code is free for anyone to use and compile SheepShaver and BasiliskII for themselves. Because not all users are familiar with building the programs themselves, some more experienced users, among which Cat_7 and myself, have made their own builds available to others. Those builds are announced in the sticky topics at the top in the BasiliskII and SheepShaver forum topic lists. Similarly, volunteers have collected, edited, and written guides and manuals to help less experienced users.
This thread (and a similar thread in SheepShaver forum) was started by sheepmyshaver123 as an expression of what he hoped that the future of BasiliskII (and SheepShaver) would be. However, chances of his dreams to come true are slim. He himself is not a developer and he needs to wait, just like you and just like all of us, till someone with programmer skills will feel the need to fix a bug or add a feature in the source code.
Still in development... Please update it as soon as possible!
Again, no regular development of BasiliskII and SheepShaver is going on
and your request for an update is meaningless unless you ask if anyone reading this forum and who has programming skills would be interested to look into fixing a specific bug or adding a specific feature.