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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https://www.mmaininvestments.com/
Warrant Symbol -CGI.WT
Number Trading - 1,319,000
Expiration Date - June 30 2007
Cusip - 135825 12 3
Warrant Symbol -CGI.WT
Number Trading - 952,005
Expiration Date -
Cusip - 135825 11 5
Warrants called to trade news:
Repricing of warrants
approved
1997-07-03 14:08 ET - News
Release
The holders of warrants of the
company have approved by
extraordinary resolution
the previously announced
amendment and restatement of the
company's warrant
indenture dated February 10
1995.
Under the terms of the
amendment, each existing warrant
is subdivided on the
basis of 3.3995 new warrants for
each existing warrant so that
one new warrant will
be exercisable for one share at
an initial exercise price of
$11.725.
Previous to these amendments,
existing warrants had a price of
$39.86 per warrant
to purchase 3.3995 shares.
The subdivision is in effect as
of 5 pm Toronto time, July 3
1997. It is expected that
the warrants will commence
trading on a split basis on the
TSE on or about July 10
1997.
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- 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.
