For a message to be sent, a target list, a subject, and a message all must be specified. When clicking "preview", if the requirements aren't met yet, the information relating to actually sending the message shouldn't be displayed, because it is not yet ready to be sent.
Once this view is displayed, a user can add a subject, message, and target list and then send the message without ever previewing it. The preview shouldn't be shown until the message can actually be sent.