I think a fair reading of the tea leaves.
Guessing that deals are getting down to short strokes.
Of course, if any of you have been involved in, or on the sidelines watching, commercial deals coming to closure - you will appreciate they always take longer than anyone thought. Hence the old sales maxim - "the sale isn't a sale until the contract is signed."
Any reasonable sized deal is subject to a range of frustrating last minute dicking around...
"it will need to be signed off by the board, our next board meeting isn't until X because Jack is in hospital."
"It's with the legal department. They are a bit short staffed at the moment."
"It was an item on the board meeting agenda, but they didn't get time to discuss it."
"They've asked us to find an independent consultant to review it. Shouldn't be a problem, just going to take a few more months."
"It's been approved but they want us to defer until the start of the new budget."
"The owner (a known eccentric) is superstitious. He only signs-off important deals when the month has 30 days."
You get the picture.
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