NanoTech Entertainment Inc (NTEK)

[shajandr]

I do this all the time. I know exactly how that boilerlate phrasing is used.

If you want to piss off a judge, just tell them "there's no way in hell we'll ever agree to settle this matter".

Judges nearly always pressure the parties to settle - sometimes strongarming the parties to first try mediation with a neutral mediator, or a court magistrate - before a trial date.

Butt even without regard to that, all parties have a duty (lawyers owe a duty to their clients) to try to settle all disputes without resorting to trials and appeals that use up precious judicial resources and juror time.

We also know that investors feel better when they read crapola like "the matter is being resolved" or "the dispute continues to move towards resolution and the parties have been in settlement discussions".

It's all window-dressing. It is always technically true and unsophisticated (and even many sophisticated) investors read in a positive spin when worded that way.

It sounds better than "we're closer to the trial date this Q than last Q", but it means the same thing. "Progressing toward resolution of the dispute"