In comparing CA3 software with Bivio, I find a difference in
the Valuation Statement Report as to how the 2 applications
computed my cost basis per share for a stock that had a
reverse split. Nortel Networks experienced a 1 for 10
reverse split. Our Shares went from 182 to 18. The .2
shares we received in cash. CA3 increased the Price per
share for the 18 shares from 8.4669 to 85.61, a ten fold
increase, and the Total Cost Basis was 1540.98, which was
exactly what the Total cost Basis was before the reverse
split. Bivio left the Cost Basis per share at 8.4672 (did
not increase the price per share), resulting in a Total Cost
Basis of 152.41. Which is correct?

Dan Dupree
Treasurer
Wright Investors' Club