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 - LR.WT.A
Number Trading - 2,400,000
Expiration Date - June 10 1991
Cusip -
Warrants called to trade news:
1990-06-08 16:17 MT -
Warrants Called to Trade
Effective at the opening June 8
1990, 2,400,000 A warrants were
posted and called for trading.
Two warrants are required to
purchase one share of the company at
$0.52 on or before June 10 1991.
Wt trading symbol: LR.WT
Wt security No: 901555
Wt Cusip No: Tba
Unit security No: 862095
1990-06-07 17:20 MT - SMF
Date Price Fixed
Effective date: May 22 1990
Offering date: June 8 1990
Expiry date: November 19 1990
Offering: 1,200,000 units
consisting of 1 share and 2 A
warrants
Price: $0.52
Wt to buy 1 share: 2
Wt exercise price: $0.52 to June 10
1991
Agents: LOM
Agents Wt: For 360,000 shares
Wt exercisable at: $0.52
Wt expire: June 10 1991
Greenshoe: Maximum of 180,000
shares at $0.52 to August 7 1990
Transfer agent: Montreal Trust
Company
Wt trading symbol: LR.WT.A
Wt security No: 90155
Wt Cusip No: Tba
Unit security No: 862095
- 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.
