Uplisting usually has a positive effect on a stock, however, earn that uplisting by using a responsible buyback strategy instead of taking the easy way out with a R/S which is known to do much more damage than provide benefit and overall is very shareholder unfriendly. After a R/S there is no guarantee that further dilution won't take place thereby driving the stock's worth into the ground over time. If the company can't manage a buyback strategy to the reduce the O/S, then imo they have no right to uplist until they can formulate and execute an effective strategy outside of a R/S.
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