Because there is little to no chance this company will want to expose its dealings to SEC review through the filing of a registration statement? And therefore absolutely no chance of an uplisting?
For instance, note the last "financials" on the paid OTC site were "filed" on August 31, yet no attorney letter. Why? Maybe because no attorney will dare sign off on them due to their inadequacy. Such as the fact the Company secretly changed the conversion ratio of the previously issued convertible preferred stock from 1 to 1 to 15 to 1, thus more than doubling the currently fully diluted sharecount and enriching the convertible preferred holders at the expense of the common shareholders? And all this was done earlier in August, yet intentionally excluded from the quarterly "filing" (under any definition it would be a material subsequent event required to be disclosed) yet not discussed?
And that is just 1 example.
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