IMO, they just didn't know. To uplist to the Naz at least half of the board members have to be Independent. The 5 released are all employees at CIWM, ie, not Independent. I imagine the Kiwi Captain American (Christopher Evans) gets a seat at the board as well. That means at least 10 more board members were needed, which is absurd.
Trading under a dime due to information void - these otcmarkets PRs are the weakest form of communication - one decent filing and the credibility meter zooms to the right - it's time!