Your question is a bit unclear. Four things happen over time that can cause a BM30 to be "loose".
If the knife doesn't lock closed tightly, then:
The latch is worn out. The only option here is to replace it. I don't think BM will do this one either. So, you've got to get a new latch made and installed.
(It could also be the "kick" on the blade, (there's a list of balisong terminology on my web site which will define all these terms for you). I've never seen the kick "wear out", but I have seen people grind it down since they feel that the knife is to hard to lock closed. What happens is that they get the knife new and think it's to tight, so they grind off the kick to "adjust it". Then, the tang pin wears a bit, which it's going to, they sort of "break in", and the knife suddenly won't lock closed reliably. There is no fix for this.)
Now, if the knife doesn't lock open, it's either the latch above, or
The "pockets" on the side of the handles where the tang pin goes. These can also get worn out, though my experience has been that the tang pin goes first.
The tang pin is worn out. Pray for this as the worn tang pin can be replaced. I don't think BM will do this for you, maybe, but probably not. It's not a do-it-yourself job unless you're very well equipped. Basicallly, one side of the old tang pin is cut flush with the blade and then the tang pin is driven out of the blade. A new tang pin then has to get made and driven in. The other option here is build up the worn out tang pin with some sort of hard material. Clay, I think, has some suggestions on his site.
If the blade wobbles from side to side, the problem is that the forks on the handle have splayed. The first step to fixing this on a BM30 is to grind down those exposed handle pins. Next, insert razor blades into the fork area of the handle between the handle and the blade. Don't skip the razor blade step. Now, clamp the fork area in a giant bench vice, one with a very long handle. Tightnen the vice to "finger tight". Now, very slowly tighten the vice. Go very slowly, the steel in the handles is very brittle and you can crack it if you go to fast. Release the vice equally slowly. Remove the razor blades.
Finally, if the blade is loose between the handles when the knife is closed, if it rattles, then the problem is also probably that the kick has been adjusted. You may be able to fix the problem by putting a thin strip of duct tape into the blade channel of the opposite handle.
This all sounds very terrible. People may ask "Why buy a knife that has all of these problems?" The answer is that these problems don't happen that often and they are usually the result of many, many years of constant use. Remember that in five minutes of manipulation, I can put more cycles on the joints of my balisong then the average folder will endure in a year of routine use. Many of my favorite manipulations apply considerable torque to the knife. That's something you are specifically told not to do to the typical folding knife. The fact that BM Bali-Songs can withstand decades of this abuse with only a few minor problems is a strong indication of the high quality of these knives.
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Chuck
Balisongs -- because it don't mean a thing if it ain't got that swing!
http://www.balisongcollector.com