I get the negative sentiment around a split, but why did the subject even come up?
I am knew here so I may have missed something previously released related to up-listing. This appears to be a question that SkyTides felt was important question. If you go to their website it is all positive reports on HIIT with one released sept./14/14 (when the stock was around .80, oil around 90) named, “HIIT Technologies: NYSE: NYSE MKT Uplisting Likely”. Where did that idea come from? Shortly after this piece the stock ran through $1. Skytide seem to think its important and it's something they like to focus on. Did the company ever mention this as a goal? I'm not sure there is a good answer they could have given when confronted out of the blue by an annalist. Anyway, I thought the answers seemed pretty non-committal, the first sentence of this answer seems to indicate the correct thinking on Matt's part.
Q. Can you envision any reason where the drawbacks to a listing on the NYSE MKT would outweigh the benefits? If so what drawbacks do you envision?
A. The company’s current position is that any value currently given to its common stock on the other the counter market should be worth more as a listed security. As of yet, we have not made any decision on a reverse stock split but may soon. To your question we can not see any particular draw backs to having our firm's common stock traded on a listed exchange, subject to exchange approvals, potentially a stockholder’s meeting for a reserve approval and the items listed above.
