On paper a r/s looks like you still have the same money, and you do at that time. First it generally rattles the MM and they start selling, that in turn rattles the investers and traders they start selling, that rattles the consummers, they stop buying. In the mean time you have a wait period while new certs are being printed and issued. Doing that time frame, and it's not just day's, most broakers will not be able to allow trading, only the "dark pool" people will be trading and manipulating the PPS. YOU ARE SOL!
Plus even if it were done , we would still need to wait a year and stay above a dollar or two befor we would be allowed to move up. You can look the rules up for getting on the big boards, not as easy as some might think.