Window dressing? ... the statements you make, and things you do, while entertaining offers.

What you don't say publicly is ... "I sure hope somebody buys us out, like fast, we are tired as heck. It would be sooooo nice to finally get a few nights sleep and get the banks and bill collectors off our butts. We are trying to sell this thing to somebody, and playing them against each other. So, this is our "plan" for now, to maintain some small smidgeon of negotiating leverage, and not get "rogered" too hard."

... and well, you DO need to have an alternative plan for moving forward somewhat independently, just in case ink never makes it to paper. Plus some of it from that slide is work a buyer would wantt to do anyway, and some of it is a plan for moving forward PLUS negotiating leverage potentially. I would think most (all?) of the potential "partners" are also the potential "buyers" ... ?