Bionano Genomics Inc (BNGO) News

Do WE Vote YES, NO, or ABSTAIN

BNGO did a reverse split of 1 for 10 in August 2023. Since then, Erik Holmlin
Increased (diluted) BNGO shares by 89 MILLION, raising money for the Company.

A number of shareholders highlight the fact the Company is in dire straits, however Erik
never took a pay cut to help out.

BNGO will hold a shareholders meeting on January 15,2025. On the agenda are the following:
A reverse split for either 1 for 25 or 1 for 75, and increasing (diluting) overall share by 19 million.

My question is, and I am looking for advice: Do we vote YES, NO, or ABSTAIN?
So, if you how have 25,000 shares of BNGO, and the reverse comes, you will
either have 1,000 shares or 333 shares.

Comments, Please!

Investors & Advocates For Approval of OGM

There’s a new sheriff is in town: Robert F. Kennedy Jr. Robert F. Kennedy Jr. has been quite vocal about his plans to overhaul the FDA.
When researchers, clinicians, and investors come together to advocate for a promising technology, it can bring attention to its potential benefits and the urgency of its approval.
Public pressure, combined with robust research and evidence (Worldwide acceptance), can expedite the regulatory process. It's important to continue raising awareness and ensuring that the voices of those who support OGM are heard.

Here's a draft of an open letter you can use to advocate for the approval of Bionano Genomics' Optical Genome Mapping (OGM):
[Your Name] [Your Address] [City, State, ZIP Code] [Email Address] [Date]

Dr. Jeffrey Shuren
Director, Center for Devices and Radiological Health Food and Drug Administration
10903 New Hampshire Avenue
Silver Spring, MD 20993-000

Dear Dr. Shuren,

I am writing to express my strong support for the approval of Bionano Genomics' Optical Genome Mapping (OGM) technology. As a [researcher/investor/clinician/advocate], I believe that OGM has the potential to revolutionize genomic analysis and diagnostics, providing significant benefits to patients and the healthcare community.

The acceptance of OGM by prestigious institutions such as the Mayo Clinic and Johns Hopkins underscores its credibility and potential. Furthermore, extensive testing and research conducted worldwide have demonstrated the efficacy and safety of this technology. However, despite these promising developments, the approval process for OGM appears to be facing unnecessary delays.

I urge the FDA, specifically the Office of Health Technology 7 (OHT7), to prioritize the evaluation and approval of OGM. The timely approval of this technology is crucial for advancing genomic research and improving patient outcomes.

Thank you for your attention to this matter. I look forward to a positive resolution and the continued advancement of genomic science.
Sincerely, [Your Name]

(lets start a ground swell of getting the FDA to approve OGM)

BNGO, new 52;week low

BNGO...29...No Position...🥳...just watching to see where she lands following this offering...SAN DIEGO, Oct. 31, 2024 (GLOBE NEWSWIRE) -- Bionano Genomics, Inc. (Nasdaq: BNGO) today announced that it has entered into a definitive agreement with certain institutional investors for the purchase and sale of an aggregate of 9,881,113 shares of its common stock and Series C warrants to purchase up to an aggregate of 9,881,113 shares of common stock and short-term Series D warrants to purchase up to an aggregate of 9,881,113 shares of common stock (collectively, the “Warrants”) at a combined offering price of $0.3039 per share of common stock and accompanying Warrants, in a registered direct offering priced at-the-market under Nasdaq rules. The Warrants will have an exercise price of $0.3039 per share and will be exercisable beginning on the effective date of stockholder approval of the issuance of the shares of common stock upon exercise of the Warrants (the “Stockholder Approval”). The Series C warrants will expire five years following the date of the Stockholder Approval and the short-term Series D warrants will expire eighteen months following the date of Stockholder Approval. The closing of the offering is expected to occur on or about October 31, 2024, subject to the satisfaction of customary closing conditions.

Hi Vacationhouse. It’s been a while. Look for me on CAPR. Finally making up for my WAVX losses

LMAO. Think of it as a lottery ticket. Your most likely going to lose your money, but you might not.

Is it stabilized now? Almost.... Imma buy 20 bucks worth just for my radar.

At least the executives get nice bonuses, with the recent layoff of ~120 employees

BNGO new 52 lo

BNGO under $2

BNGO 10Q due March 5

BNGO under $2

BNGO new 52 week low

BNGO new 52 week low

BNGO will.be extremely valuble when the new pandemic pathogen shows up at our borders.....the whole world needs this technology...they just don't realize it ....yet

Today it's @ $ 1.18. I think it is time for another Reverse Split, that will attract new investors. It didn't work the last time, but why not? My logic is if they keep reverse-splitting, I will be able to buy 1 million shares for 10 bucks at some point. $0.0001

Reverse Stock Split

The downside of a reverse stock split is that it can be perceived as a negative signal by investors. It made me put a hold on any further buys. A reverse split can also lead to a decrease in liquidity and trading volume, which makes it more difficult for investors to buy and sell shares.

Why is this still diving? We have shown profitability and cost cutting?
https://finance.yahoo.com/news/bionano-genomics-inc-bngo-reports-231922361.html

BNGO under $2

1.20 new low. Divergence starting to tighten up a bit more. Needs the volume and find a solid bottom. Getting closer imo.

BNGO new 52 week low

BNGO new 52 week low

I was just looking at this. Since it looks to be getting the crap kicked out of it. $1.30's, $80M offering (WOW!) and to see what else is happening. Benn a while since I was in this one.

Looks like it's starting to set up. Ned to see bottom confirmation.

I misspoke, it isn't to save the day, it is saving our butts.

ALERT * Institutional Investors * ALERT

BNGO Management did a Reverse-Split to attract you as an investor and now the Stock is down to $ 1.62.
I think it is high time you guys came in and saved the day for us long-term investors. THANK YOU!

Reverse Split to Attraction Institutional Investors

Well! That was one idea that never made any logical sense to me. In my opinion, if you are selling
sand in the desert and your company stock is in the pennies a reverse split is not going to open the floodgates
to new investors. I think the ploy was ill-conceived and management better rethink the way they deal with their
investors. Currently, $1.75 and falling.

According to a press release by GlobeNewswire, the Portnoy Law Firm has initiated an investigation into whether BNGO issued false and misleading statements to investors.

Why did BNGO get rid of their CFO and find another CFO?

Transparency and honesty will keep current shareholders’ trust and attract new shareholders. Take a lesson from President Biden’s press secretary and her statements that “the Border is secure”.

When people have trust issues with an entity they jump ship.

Nice bounce past couple days. A coulda woulda.

The 1 for 10 split promised to energize potential investors and institutions once they saw the high dollar stock price. Nope! It seems the reverse split had a reverse effect on investors and is again falling like a lead balloon.

Work on building a better mousetrap and investors/institutions will come in droves.

No! No! No, I averaged too, again and again and again. I am SICK.

$BNGO did reverse split. I like HPCO more breaking out today

$BNGO is a Trending Stock in the Pre Market Session!

Bionano Genomics (NASDAQ: BNGO) Executes 1-for-10 Reverse Stock Split - https://lussosnews.com/bionano-genomics-nasdaq-bngo-executes-1-for-10-reverse-stock-split/

I do understand your concern. I do.
However, it appears short term is of greater concern.
BNGO is definitely a high risk high reward at this beginner stage. It is not/not for the weak of heart. But, it is not praying for an Ace on the turn either.
Think after The Approval, will be acquired.
Bonne Chance.
cl

I am tempted to but I have lost my confidence in the company for the long haul

I averaged down in a big way.
Was I the only one?

cl.

Continues strong in AH

Imo. Anybody who wants in, better be in by 3pm today. Tomorrow could get crazy

On to .92 and 1.10

At this rate I can agree with you

Starting to tighten up nicely now

I would not be surprised to see this at $1.10 to $1.25 by Wednesday

Just push through the double top folks

We’re movin up folks

.80 right around the corner

Looking good today. A little profit taking from the beer more folks, and then we go $$

JL, are you buying more BNGO at these prices, or have you changed your opinion of it?

Go for BNGO.

Interesting technical side setting up. 1.13.

I’m right on your heels. Wash, Rinse, Repeat.

I'm out! Nice 2 day gain.