Board Thread:Speculation House/@comment-5217560-20151210070426/@comment-26872876-20151210233531

TheLordSean wrote: I'm probably wrong but hoping it's Ozpin talking to her about Jaune's secret or she could be asked but then declines Yeah this one feels too unlikely. Ozpin is hardly a fool. I'm sure he knows.

It's also unlikely because Qrow is present. We also see her walking with Glenda, Oz, Ironwood, and Qrow so it is basically the inner circle.