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 - IMR.WT
Number Trading -
Expiration Date - January 29 1992
Cusip - 45986P 12 3
Warrants called to trade news:
1990-12-20 15:25 MT - Rights
Offering
The company will offer to
shareholders of record at January 3
1991, rights to purchase shares of
the company. One right will be
issued for each share held.
Basis of offering: Four rights
exercisable for three units at $0.25
per unit
Record date: January 3 1991
Shares trade x-rt: December 27 1990
Rt called for trade: December 27
1990
Rt trade for cash: January 18 1991
Rt expire: January 25 1991
Rt trading symbol: IMR.RT
Rt security No: 834264
Rt Cusip No: 45986P 11 5
Wt expiry date: January 29 1992
Wt exercise price: $0.30
Wt trading symbol: IMR.WT
Wt security No: 896904
Wt Cusip No: 45986P 12 3
Unit security No: 859329
- 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.
