Good summary of AZ’s theory for returns. If you had 10,000 original UQ commons, you originally only had 25 COOP shares. Reverse Split 1 : multiply by 0.03 Reverse Split 2 : Divide by 12 10,000 * 0.03 / 12 = 25 (originally) Now for new COOP shares you multiply UQ count by 0.058 per AZ.