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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: Fiscally Conservative who wrote (1565125)10/17/2025 12:05:34 PM
From: nicewatch1 Recommendation

Recommended By
longz

  Read Replies (1) | Respond to of 1571068
 
From where I stand, your persistent self-abuse in these markets is relentless, and pathological. Like that of a degenerate gambler. Or do you count this as another success story of yous? :-)

Bollinger Innovations has given up the fight, after doing nine reverse stock splits in three years to raise its sagging stock price above the $1 level needed to stay listed on Nasdaq.

Bill Alpert
Fri, October 10, 2025

Bollinger Innovations has given up the fight, after doing nine reverse stock splits in three years to raise its sagging stock price above the $1 level needed to stay listed on Nasdaq.

Thursday, the aspiring electric-vehicle company said it would move to a tier of the OTC Markets on Monday. So ends one of the more extreme examples of serial reverse stock splitting, in which a company combines many shares into one to raise its stock price and avoid delisting from the Nasdaq or the New York Stock Exchange.

An exchange listing exempts low-price stocks from the onerous sales restrictions adopted under the Penny Stock Reform Act of 1990. Exchange trading in such stocks has surged in recent years, as retail investors became a large part of daily market volumes.

That has given companies like Bollinger an incentive to use reverse splits to keep their stock above Nasdaq’s $1 listing threshold when trading pulls it below. After repeated splits at ratios as high as one share for 250, the compound effect of Bollinger’s splitting meant that the stock fell to less than one-quadrillionth of its previous value in just three years.

In the face of brokerage industry complaints about the reverse split maneuver, both Nasdaq and the NYSE tightened their rules in January. A Barron’s examination showed that Bollinger and others have figured out ways around the new rules, and so the number of reverse splits nearly doubled in the eight months through August.

Just this year, Bollinger reverse-split five times. A 1-for-250 split on Sept. 22 lifted the stock to $8.53. But a $1 price isn’t Nasdaq’s only listing criterion. In August, the exchange warned Bollinger that it had also fallen below the $35 million market capitalization needed to remain listed.

The company won’t contest its delisting. That news sent Bollinger stock 55% lower in Friday trading, leaving it at 63 cents.

“Moving to the OTC Markets allows the Company to continue maximizing the value of its assets versus the regulatory requirements, the time management must dedicate to compliance and reporting, and the costs involved in maintaining a listing on the Nasdaq Stock Market,” said the company’s announcement.

The company didn’t immediately respond to queries from Barron’s, including whether delisting will affect its ability to continue raising funds from two convicted felons who converted loans to the company into stock valued at more than $1.3 billion, when the company registered it on their behalf. One man was convicted of defrauding the bank where he worked, while the other was convicted of insider trading in the stock of a company he ran.

Many of those financings were conditioned on Bollinger remaining listed on Nasdaq, where its stock would be exempt from penny stock sales restrictions.

barrons.com



To: Fiscally Conservative who wrote (1565125)10/17/2025 12:07:35 PM
From: nicewatch1 Recommendation

Recommended By
longz

  Respond to of 1571068
 
Do you happen to be the "activist investor"? Hahahaha...

Activist Investor Takes 9.99% Stake in Bollinger Innovations, Inc. Asks CEO to Maintain Nasdaq Listing, Seeks 50% of Shares and Board Control Via Tender Offer at 55% Premium Now or to Seek Board Seat; and to Propose Dividend, Bring New Funding Source Strategies, and Advocate Spin-Off

finance.yahoo.com

The Winvest Investment Fund Management Corp Fri, October 10, 2025 at 12:33 PM EDT

SEATTLE, Oct. 10, 2025 (GLOBE NEWSWIRE) -- Activist investor Jourdan Matthews, CEO of The Winvest Investment Fund Management Corp., announced today that Winvest is interested in acquiring a majority stake in Bollinger Innovations, Inc. [Ticker:BINI] via a tender offer with the support of the board or, alternatively, will seek a board seat to improve operations. Winvest acquired its current stake to open board discussions for Winvest's numerous proposals for growth, including:

strategies for securing $15 million or more in new funds;

issuing a new dividend to shareholders immediately out of the $15 million or more in proposed new funding;

the strategic acquisition of another NASDAQ-listed company to create a key subsidiary that funds large-scale debt reduction in Bollinger;

spinning-off or winding down the least profitable segments of Bollinger; and

creating a new investment arm for Bollinger, aimed at generating capital gains and interest income.

Commenting on Bollinger's potential, Mr. Matthews said: "The company has absolutely vast potential — only if it uses its most valuable asset, which I am proposing the company unleash immediately." Mr. Matthews also said of Bollinger: “Short interest is almost 1,500% right now and retail investors are furious; things have to change immediately, which is possible if the board manages its best asset correctly and uses it right away.” Mr. Matthews emphasized that there is no assurance that any of Winvest’s proposals will be adopted, and it is in the discretion of the board to take action on any or all of such proposals to improve the company. Bollinger has not endorsed these proposals.

About The Winvest Investment Fund Management Corp.

Winvest is a Seattle-based activist investment firm led by its CEO, Jourdan Matthews. Winvest was recently in the headlines for its involvement in a hostile takeover of then NASDAQ-listed LogicMark, Inc. (LGMK), demonstrating its bold approach to generating shareholder value through active board engagement. Follow Winvest on X at @yes_a_takeover.

"Had LogicMark embraced and prioritized the strategic proposals we recommended, they might have avoided being removed from NASDAQ, which occurred just months later." This highlights Winvest's shareholder-first focus through board engagement.

Looking ahead, Mr. Matthews is looking forward to working with the board on improving the company.

Contact Data For media requests: (425) 331-9885

The Winvest Investment Fund Management Corp.
Skyline Tower 10900 NE 4th Street, Floor 23