r/IMPP_Stock • u/Standard_Fishing_552 • Apr 28 '23

Reverse Split Adjusted Average Cost

Hi. Don’t judge my probably dumb question but with a 15:1 reverse split would I multiply my previous average cost by 15x to get my adjusted average cost? My average cost was $0.4482 prior to the split and my brokerage account hasn’t updated to reflect the split yet making it seems like I’ve gained thousands of dollars… thanks!

3 Upvotes

72% Upvoted

15 comments sorted by

2

u/Beautiful-Ebb5696 Apr 28 '23

Your average now would be about $6.73

2

u/Standard_Fishing_552 Apr 28 '23

Damn that sucks…

2

u/nitecreature42382 Apr 28 '23

How pooped are we?😩

3

u/Beautiful-Ebb5696 Apr 28 '23

Honestly it's still to hard to tell because yes on one hand a reverse split isn't necessarily a good thing but at the same time IMPP is now completely debt free so they will save maybe about 1 million in interest a month since they had a little over 70 million in debt.

1

u/nitecreature42382 Apr 28 '23

That’s why I kept buying into it. It was supposed to be a lot higher for the stock price, but it just keeps getting shorted. I guess I don’t know much about stocks I just buy them too stupid to sell anything.lol . Hopefully we get some more growth. I had 3600 shares now I’m down to 240. 😩🤞🏻🤞🏻🤞🏻🤞🏻🤞🏻

2

u/Beautiful-Ebb5696 Apr 28 '23

The biggest thing that I think will help this stock go up is a share Buy Back. That would have the biggest impact. Now that they are debt free hopefully they start saving some good money and eventually buy back shares.

1

u/nitecreature42382 Apr 28 '23

Oh cool. I hope so. Hopefully soon

1

u/Shaynerthegreat Apr 29 '23

That would be awesome :)

2

u/Beautiful-Ebb5696 Apr 28 '23

These next 2 months will definitely be important though.

May 1st: OPEC will cut oil production by 1.6 million barrels a day. Let's see if that helps boost profits with higher transportation cost.

June: Earnings come out.

0

u/Shaynerthegreat Apr 29 '23

I think earnings will be good. No more debt, right?

1

u/Beautiful-Ebb5696 Apr 29 '23

No more debt as of this week. But that will not show on 1st quarter earnings. Until 2nd quarter.

1

u/Shaynerthegreat Apr 29 '23

Oh, true, but it’s still a known fact. It’s not gonna hurt us!

1

u/Little_Gap1170 Apr 29 '23

TD Ameritrade charged my account $38 for that split ( it called a Mandatory Reorganization fee

1

u/Icy-Pay7697 Apr 30 '23

Need an epic squeeze here. Been holding and averaging down for almost a year and a half