Uplisting to NYSE is the cart before the horse. First, is release from C ship, which gives control of the company back to shareholders. Then, the Board, voted on by shareholders, can petition NYSE for uplisting.
It is possible, or even likely, that these things can be done almost simultaneously, as we shareholders would be upset at any Board actions that would limit shareholder value. (such as keeping FNMA a BB stock when its eligible for uplisting) We elect board members who we think will increase the pps/dividends the most. If we dont like the actions of the board members, the shareholder majority can vote to remove that board and install board members who we think will better represent shareholder interests.
All this said, it would appear that some billionaires want this share price above $4, as that is the threshold for uplisting. $5 is an even better threshold, however, as many institutions (mutual funds, pension fund managers, etc.) dont buy stocks under $5.
News 
Market Data 
Discover 
