If NWBO management had a better track record or doing things in a timely fashion than they could get away with an R/S for the ostensible purpose of uplisting.
I think that with more confidence building steps accomplished and paired with a clear uplisting plan with explicit time frames they could get away with an R/S.
But to take that step without preparing the ground and making up for all the nonsense they subjected shareholders to would be a disaster and I do not believe even they are that arrogant or tone deaf.