No, and you have your information backward.
There is nothing magical in weight loss shakes or any meal replacement drink. They can be convenient, but that's about it. One big issue is that they have a lot of sugar in them and sugar isn't going for you, for weight loss, or for hunger. As a result, many people drink these shakes and find they are starving in an hour and totally go off their diet.
When we eat too many calories, our body stores the extra "fuel" as fat. It doesn't matter what food was eaten, it will be stored as fat. To lose that fat, you must each fewer calories than your body needs. That is called a calorie deficit. To make up the missing calories, your body will take some fat out of storage and use it.
The reason you aren't seeing results could be due to several reasons:
1. You are eating too many carbohydrates.
2. You are eating too many of your calories late in the day.
3. You aren't eating as little as your think.
4. You are doing the "wrong" type of workout.
Weight loss is 80% diet and 20% activity. Download an app like MyFitnessPal or Lose It! Weight and measure everything you eat or drink (or scan the code on the food). Track what you are really eating. Check the BMR for your goal weight and then try to eat close to that number of calories. Mix up your exercise and go for intensity rather than duration.