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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Address: 77 King Street West, P.O. Box
341
Toronto, Ontario M5K 1K7 Canada
Toll-Free: 1-877-478-2372
Phone: 416-304-4443
https://www.quadravest.com/#!ycm-home/c1kk9
Warrant Symbol - YCM.WT.A
Number Trading -
Expiration Date - Feb. 28, 2012
Exercise Price - $12.50
Cusip - 200701 12 6
Warrant Symbol - YCM.WT
Number Trading -
Expiration Date - Feb. 28, 2011
Exercise Price - $10
Cusip - 200701 11 8
Warrants called to trade news:
Commerce Split shares
substitutional listing
2010-03-24 17:15 MT - Substitutional
Listing
TSX bulletin 2010-0350
Further to Toronto Stock Exchange
bulletin 2010-0210 dated Feb. 22, 2010,
effective at the opening on Friday,
March 26, 2010, the following securities
of Commerce Split Corp. will be listed
and posted for trading under the trading
information set out below in
substitution for the securities of the
company (symbols: XCM and XCM.PR.A)
which will be delisted at that time.
Old
Old security name symbol
Class A shares XCM
New New
New security name symbol Cusip
Class A shares 2010 YCM.X 200701 40 7
Capital shares YCM 200701 70 4
Priority equity shares 2010 YCM.PR.X
200701 30 8
$5 Class I preferred shares YCM.PR.A
200701 50 6
$5 Class II preferred shares YCM.PR.B
200701 60 5
2011 warrants YCM.WT 200701 11 8
Old
Old security name symbol
Priority equity shares XCM.PR.A
New security name symbol CUSIP
2012 warrants YCM.WT.A 200701 12 6
Priority equity shares
As a result of the reorganization,
holders of existing priority equity
shares (symbol: XCM.PR.A) who made a
proper election by the election deadline
of 5 p.m. (Toronto time) on Feb. 26,
2010, will receive one priority equity
share 2010 (symbol: YCM.PR.X) of the
company in exchange for each priority
equity share of the company held.
Holders of existing priority equity
shares (symbol: XCM.PR.A) who failed to
make a proper election by the election
deadline will receive the following
securities of the company for each
priority equity share of the company
held:
One $5 Class I preferred share (symbol:
YCM.PR.A);
One $5 Class II preferred share (symbol:
YCM.PR.B);
One-half of a 2011 warrant (symbol:
YCM.WT);
One 2012 warrant (symbol: YCM.WT.A).
2011 warrants
Each whole 2011 warrant (symbol: YCM.WT)
can be exercised to purchase one unit
for an exercise price of $10 per unit at
specified times until Feb. 28, 2011.
2012 warrants
Each whole 2012 warrant (symbol:
YCM.WT.A) can be exercised to purchase
one unit for an exercise price of $12.50
per unit at specified times until Feb.
28, 2012.
- 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.
