I’m a bit concerned with the line:”Refreshed equity joint...

I’m a bit concerned with the line:
”Refreshed equity joint venture partner search begun in the quarter, process currently in the preliminary stages only”
Does this mean LNS not likely for one reason or another, and a new search is underway for more suitable or viable partners, and in its infancy so not likely to yield any news of value in the near term?
Very ambiguous statement from management who can’t seem to deliver, unless that delivery is higher percentage ownership to new sophisticated investors…
very disappointing.