I can certainly understand the point he is making. I just think that it is still a little too early yet and bidders will emerge upon news of them submitting their application for FDA approval or after it is approved. There is time between now and then and PRs WILL HAVE TO come out anyways. They can control what is in them and certainly do not have to give away the farm.
Honestly, I think they are just giving folks more time to accumulate because once the rockets start to fire this will go up faster than most people realize. I think you will see Hargrove's stock comp increase very soon.
* You could even see PR's hit every 3 weeks or so about 6-7 months prior to FDA submittal.