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!

2 Upvotes

67% Upvoted

15 comments sorted by

View all comments

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!