It means they’re definitely not making a deal with Magnolia. Which is cool, cause the current deal on the table is with Ontario, so we don’t really give a shit about Magnolia anymore.
The Magnolia deal was dead back in April, as noted in the 1Q2019 10Q, but they also said they were still trying to work a deal of some kind with them.
So an official announcement that Magnolia is dead dead, is good news for the Ontario deal.