From talking to Swalm last week the gist of what I think the conversation was is - "A major mile stone needs to be reached before news of the merger becomes public". Swalm kind of led the question into We need to have possession of the license first, which guarantees future revenue and revenue growth on FITX's side. RXNB generates their own positive revenue steam as is, so FITX needs to bring something to the table. These things lead into a much higher intrinsic value where a better foundation for up-listing can take root.

This isn't a direct answer to your question but just how I figured mine sorted out after talking to them. If someone else was going to ask them how things stand it would be good to try to make them address this series of events and define if this is not how it may work out articulate those points in a matter of A, B and C.

Exciting times are near.