THE INVESTOR'S GUIDE TO WARRANTS:
Capitalize on the Fastest Growing Sector of the
Stock Market, Second Edition (Hardcover)
by Andrew McHattie Rating: ISBN-10: 027303751X
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Warrant Symbol - CCU.WT.A
Number Trading -
Expiration Date - August 16 1991
Cusip - 208916 12 2
Warrants called to trade news:
1991-02-22 15:50 MT -
Warrants/Options Not Exercised
LOM Western has not exercised its
right to purchase 341,856 shares of
the company at $0.50 per share,
under terms of an agent's warrant,
pursuant to the company's rights
offering dated effective July 9 1990
1990-07-06 16:00 MT - Rights
Offering
The company will offer to
shareholders of record at July 17
1990, 2,563,920 rights to purchase
shares of the comapny. One right
will be issued for each share held.
Three rights and $0.50 are required
to purchase one unit, each unit
consisting of one share and one
series A share purchase warrant.
Basis of offering: Three rights
exercisable for one unit at $0.50
per unit
Record date: July 17 1990
Shares trade x-rt: July 11 1990
Rt called for trade: July 11 1990
Rt trade for cash: August 9 1990
Rt expire: August 16 1990
Rt trading symbol: Tba
Rt security No: Tba
Rt Cusip No: 208916 11 4
A wt expire: August 16 1991
A wt exercise price: Two warrants
to purchase one share at $0.70 to
August 16 1991
Wt trading symbol: Tba
Wt security No: Tba
Wt Cusip No: 208916 12 2
- Expiration Date: The last day the warrants can be exercised. If warrants aren't going to be exercised then they must be sold the day before the expiry date. The longer the time to expiry the more valuable the warrants.
- Leverage: A measure of how much you can increase your exposure to a share if you bought warrants instead of making a direct investment. It is the current share price divided by the current price of the warrant.
- Intrinsic Value: The difference between the exercise price and the actual trading price of the common stock. Once the common has gone over the exercise price, the warrants are "In the Money."
- Volatility: The higher the volatility rating, the higher the price of the warrant. Historical volatility is calculated by using the standard deviation of an underlying stock price over a specific period.
- Time Value: The difference between the current warrant price and its intrinsic value. Interpreted as the consideration paid for the advantage the warrant buyer has over the direct investor.
