Isnt that true about every merger play? I've seen 100s of mergers release tons of news and they didnt wait 6-12 months to start releasing news because their shares were restricted.
So I have 2 issues with your talking point.
1) What you said applies to.every single merger stock not just TNPH. That's not actionable info since it is not unique to our situation it applies to every merger uniformly.
2) 100s of mergers have released multiple prs and didnt wait 6-12 months for their restricted shares to age before releasing news. So factually this does not appear to be correct