I believe they have a year to do the 60/1 reverse split. I don't know why they would even consider doing it any time soon, since they just did a vicious R/S back in September 2018. Maybe it's just a back up plan because they REALLY want to uplist. If I were optimistic, I would think it's just a back up plan to ensure they are able to uplist, and that they may not be pressed to use it.