I think you're right to a large extent. However, management shouldn't give themselves such tight time lines. They are experts at painting themselves into a corner. They have done the same thing most of 2013 and tends to raise skepticism when they say something.
Feburary and March were filled with back to back NRs which certainly built a lot of momentum in the SP, perhaps too much. Now that the news flow has dried up we are seeing these painful results. Had they added several more months to their time line it may have lowered the hype at the time and they wouldn't be considered late for a more steady growth. At the same time we may not be so vulnerable to manipulators.
I sure hope the silence is broken soon.