"What's going to be the conversation when the up-listing occurs?"
If you mean an OTC listing, if it ever occurs, it would be just an exposé of whichever crooked auditor was used (La Posta of Montreal would be my bet - it's one of Amyot's favorites.
I wouldn't hold your breath, however - even for just an OTC listing they will have to disclose the O/S, and Raymond T Brown has gagged the TA after doubling the A/S for a reason.
Dilution, of course.