The announcement said there was up to a 40% chance no new deals would be announced prior to November 2018. This is a literal interpretation of the presentation.
I suppose the 12 month figure (i.e. '12-18 months') represents a lower bound - in other words, in a best case scenario, new deals may be closed from June 2018
I would suggest any interpretation of the announcement that casts the projections in a more positive light than this is motivated by confirmation bias and wishful thinking
The announcement said there was up to a 40% chance no new deals...
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