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.