The main point that Holder was making was that the deal wasn't done to shoot down the tweets saying that the "deal is done" or the "deal is imminent."
And considering that it has been 8 or 9 hours since those "deal is done" tweets and there is no Rapoport or Schefter tweet announcing the trade - it looks like Holder was right.
But it is pretty clear that the Colts are interested in Sneed (as are a few other teams) and have been talking with Kansas City and Sneed's agent.
And the stalemate seems to be about the contract terms....Sneed wants to be the highest paid CB in terms of AAV.
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