Because to commit to an uplist could open himself and the management up to legal liabilities / and a forced timeline. Under the Business Judgment Rule, managment can decide to uplist at the drop of a hat. There is no reason to state your intention to uplist in a proxy. If I were their lawyer, I would specifically tell them not to commit to an uplist in the proxy, its foolish, and they have nothing to gain by doing so. It also forces a timeline, and sets them up for investor dissapointment if the timeline is not met. If there are no definitive plans (and definitive plans include an uplist timeline) then they would write in the proxy, no uplist plans are definitive. Now they can move at a pace they are comfortable with.
I am taking my assumption of an uplist from a multitude of circumstantial factors, its the only way to make money in this game.
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