BI INC <BIAC> SETS REVERSE SPLIT
BI Inc said it is implementing a
one-for-15 reverse split to shareholders of record today.
    It said any fractional shares will be redeemed for cash,
reducing its free-trading stock in public hands to 1,300,000
shares from 20 mln and its total shares outstanding to
1,993,000 from 29.9 mln.
    Shareholders approved the reverse split in October.
 Reuter
