In my dark, gloomy, gray skies world….yes, this is worse. It’s basically exactly what you said, another “progress was made” email. If it had included details I’d feel differently. If it said something like “we’ve reached an agreement and are currently working to finalize a TA. This should be done in the coming days/weeks. Here are some highlights of the agreement…” I would feel differently about it. As it stands right now, this was another nothing burger. But by all means, you guys go ahead and feel great about it. We’ll see if you still feel that way months from now after the company has changed their mind on everything citing “unforeseen economic climate.”