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 - DPE.WT
Number Trading - 3,200,000
Expiration Date - November 30 1996
Cusip - 260902 11 9
Warrants called to trade news:
1995-11-29 17:01 MT - EOP
Completed - Drake Pacific
Enterprises
The offering consists of a minimum
of 2,200,000 units and a maximum of
3,200,000 units at $0.25. Each unit
consists of one share and one
warrant entitling the holder to
acquire one share at $0.30.
Offering date: November 30 1995
Expiry date: November 30 1996
Trade date: November 30 1995
Trading symbol: DPE
Security No: ISM - 234 128; WCCC -
234 133
Cusip No: 260902 10 1
Wt security No: ISM - 886 466; WCCC
- 886 468
Wt Cusip No: 260902 11 9
- 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.
