Bollinger Innovations Inc (BINI)

[TenKay]

They apparently are going to eliminate the convertible debt and warrants in exchange for a new class of preferred stock. I would assume it would be convertible.

What that accounting sleight of hand will do is eliminate the derivative liability they have been carrying and that should put the shareholder equity back into positive territory.

Will have zero impact on operations or cashflow of the company.

I expected they would pull the trigger on something like this at some point.

Probably Wachs’ idea…this is his show now.