Inadvertenty or intentionally, this company's historical behavior and communication results in people having to interpret, and "suspect" rather than truly UNDERSTAND what the company is doing.
While I think she'd be a fool to have communicated privately that way to a shareholder, if they were in the midst of taking the company private, I don't know how you can rule it out. Clearly, the 120 days was a pleading for wiggle room from a BOD member. Whether it was for the stated reason, some personal reason for Gloria, or some company master plan execution that would dramatically change the company, remains to be seen.
For shareholders to simply sit back and expect a POSITIVE result after 120 days, considering the history of the players in control, is simply not very smart in my opinion.