Not sure how to read this bit: "They are working very hard on...

Not sure how to read this bit: "They are working very hard on the sales pipeline and getting some stuff over the line, but nothing to add at this time (and you would hear it first via an ASX announcement of course)"

So are they working very hard on {both} the sales pipeline and getting some stuff over the line {implication being they haven't got stuff over the line yet}

OR are they working very hard on the sales pipeline,{and} they are getting some stuff over the line? {implication being they are getting or do have stuff over the line}

The way you read it makes a BIG difference in what they are saying and what may be happening!!
I hope it's the latter. And I hope that by "stuff" they mean big Telco deals.