Basically yes and correct on your guess.
He did say that neither side is in "agreement" with the way each side wants it written. They are, call it what you want, still discussing how to come to an agreement upon how the written language will read in the new contract. That sir, is still negotiating how the written language will read when finalized.
He also stated that they (both sides) got sick and tired of passing offers and counters across the table so they stopped and then just started discussing (negotiating) verbally only with both sides taking notes (key actions on still negotiating) just verbally, not written passes across the table. He also stated that ALL the verbal stuff was all about the remaining 5 biggie (as indicated in the asso. update of what 5 biggies were left) items, so now they are again, call it what you want, discussing, talking, chatting, "trying" to come to an agreement (gee, that's negotiating still) but this time in writing and both sides KNOW how much more permanent and legal it will become once "in writing". The verbal crap will then be out the door and means nothing once the writing is on the wall. When you are STILL trying to get both sides to agree upon the written items within a legal labor contract that is called "STILL NEGOTIATING". Ask anyone that has something to do with labor and work contracts. The AIP announcement was simply used as a tool to try and keep the membership calm, cool, and collective.
VO sorry bout the clueless comment, you did not deserve that. I see where different folks will read things differently. However, do we agree that you will not have an "official" AIP or even a T/A until all written language is finalized, both sides agree, and it is sent out for membership ratification or rejection? This asso. has played this membership way too many times for any of us to trust them or believe them any longer. They purposely confuse, lie, and spread misinformation to keep the membership in total darkness until, you guessed it, T/A day...