1) there are tens if not hundreds of millions of naked shorts in ipix.
2) these naked shorts must cover if ipix uplists
3) the covering of tens or hundreds of million naked short would create the mother of all short squeezes
4) such a short squeeze would send ipix to the moon
So why shouldn't Leo perform a reverse split to uplist? Shareholders want huge gains and don't care if those gains are created through naked shorts covering or trial results.