I think we're on the same page, they just did a re-financing so to speak by diluting the stock aprox18%, make that work, show some value. At this time /value I don't see the benefit to the operations of the company by up listing, more expenses for what? Do they need more cash for some reason, if they show a need for rapid expansion is the only way it would make sense to me.
I certainly don't think up list is a magic bullet for the stock, especially at this value the arithmetic of split doesn't work from a stock traders point of view. They have warrants hanging out there, if a split is approved the threat of execution will be a headwind for the stock, it may never reach a value that does make sense. Aquaman pointed out two other stocks, (FES, GRH,) one on AMEX and one on NADSQ didn't help them. The charts look very similar to me. Bad timing to even have the discussion, just my unqualified opinion of course but I notice the market appears to agree.