Probably due have some encumbrance (I haven't gone back and purchased the last few items you suggested, such as the potion bandolier) and I didn't specifically say I was leaving my money anywhere yet. So, he is, for all intents and purposes, encumbered.
Got to get ready to go to work, and will post sometime tonight.
I will now decide whether to chase her down, or maybe use a different spell, or just give up on her altogether.
How far away is she?