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 - CCO.WT.A
Number Trading - 554,166
Expiration Date -
Cusip -
Exercise Price -
Warrant Symbol - CCO.WT
Number Trading - 1,600,000
Expiration Date - September 17, 1986
Cusip -
Exercise Price - $0.21
Warrants Called to Trade News:
Further to the V.S.E. notice dated
February 11, 1986, the exchange has been
advised that 554,166 A warrants have
been issued pursuant to the rights
offering.
Effective at the opening, April 14,
1986, the A warrants of the company will
be posted and called for trading on the
Vancouver stock exchange. The company
is, under the rules of the exchange, a
development company.
Capitalization: 554,166 A warrants
authorized and outstanding
Trading symbol: CCO.WT.A
Security No: 882065
1986-02-10 03:00 ET - Rights
Offering
The company has announced it will offer
to shareholders of record at February
19, 1986 rights to purchase shares of
the company. One right will be issued
for each share held. Three rights and
$0.18 are required to purchase one unit,
each unit consisting of one share and
one series A share purchase warrant. The
offer will expire on March 21, 1986. One
series A share purchase warrant and
$0.21 entitle the buyer to purchase one
share of the company up to September 17,
1986. As at February 10, 1986 the
company had 1,600,000 shares issued and
outstanding.
Effective at the opening, February 13,
1986, the shares of the company will
trade ex-rights and the rights will be
posted and called for trading at that
time on a when-issued basis.
Basis of offering: Three rights
exercisable for one unit at $0.18per
unit.
Record date: February 19, 1986
Shares trade X-Rt: February 13, 1986
Rt called trading: February 13, 1986
Rt trade for cash: March 13, 1986
Rt expire: March 21, 1986
Trading symbol: CCO.RT
Security No: tba
Wt expiry date: September 17, 1986
Wt exercise price: $0.21.
- 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.
