Replies to post #25261 on Bollinger Innovations Inc (BINI)

[Arnold25764]

Wouldn't happen right away. Some time down the road if they can't get the pps above the 1.00 threshold to stay listed on the Nasdaq.
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[Smilin_B]

Actually yes. When the outstanding share count becomes far too bloated and the share price has failed to increase in order to attract institutional investors that prefer to trade Securities over $5 and $10 per share, a reverse split serves a purpose that is two-fold. It will reduce the outstanding share count and bring the share price in range of most hedge fund and institutional managers doctrines whereby they are permitted to purchase shares