To be fair, in going back and refreshing my memory, there is a mention in Stormking's recap of the SHM in which he states that Cliff mentioned a 90-120 day time frame to hire a new CEO.
According to his notes, Cliff doesn't mention SELLING PDSG in that part of the presentation, but either "going it alone" or "partnering". He doesn't put a time frame on it though.
What Gloria intimated in her e-mail is very diffeent than what was apparently revealed at the SHM. But I also recognize that the company indicated that selling PDSG was an option in their SEC filings.
As for the SHM being an appropriate venue for disclosures: If the disclosure is material in nature, I don't think the SEC allows it simply at an SHM, without a prior PR or other PUBLIC disclosure. With that in mind, the 120 day time frame for selling is more flavor/color, than material in nature, IMO, but her e-mail is the only place I know of where it was disclosed as a time frame for a sell decision on PDSG.
I'm sure you willingly connect the dots and tie the 90-120 day time frame to a decision to sell PDSG. I'm sure you "suspect" that's what they meant all along. That's your perogative, I suppose. However, unfortunately for many shareholders who didn't attend the SHM, don't read Agoracom, or didn't get a personal e-mail from Gloria, I suppose they never had the opportunity to "suspect" those connections. I suspect those shareholders will have to wonder when PDSG will be sold and will likely be surprised when that announcement comes in the next couple of months.