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 - BPY.WT
Number Trading - 500,000
Expiration Date - May 1 1995
Cusip - 07768M 11 6
Warrants called to trade news:
1994-10-11 16:26 MT - New Listing
The ASE has been advised by Yorkton
Securities, agent for the company,
that the offering date for the
offering of 500,000 units at $0.60
will be October 12 1994. Each unit
consists of one share and one
warrant.
A book will not be maintained as the
offering has been fully subscribed.
The common shares and warrants of
the company will be posted for
trading at the opening October 12
1994.
COMMON SHARES
Stock symbol: BPY
Security code: ISM-068 035;
WCCC-068 035
Cusip No: 07768M 10 8
Transfer agent: Montreal Trust
Stock symbol: BPY.WT
Security code: ISM-876 980;
WCCC-876 980
Cusip No: 07768M 11 6
Transfer agent: Montreal Trust
Expiry date: Two warrants will
entitle the holder to purchase one
common share at $1.00 on or before
May 1 1995
- 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.
