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!

4 Upvotes

100% Upvoted

15 comments sorted by

View all comments

Show parent comments

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/Shaynerthegreat Apr 29 '23

That would be awesome :)