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 - FRE.WT
Number Trading - 1,600,000
Expiration Date - December 15 1994
Cusip - 35025W 11 4
Warrants called to trade news:
1993-12-28 16:50 MT - New
Listing
The exchange has been advised by
First Marathon Securites that the
offering date for the offering of
1,600,000 units at $0.25 will be
December 30 1993. Each unit consists
of one share and one warrant.
The shares and warrants will be
posted for trading at the opening of
business on December 30 1993.
Commencement of trading will be
delayed pending confirmation of
closing of the public offering and
receipt of documentation.
COMMON SHARES
Stock symbol: FRE
Security code: ISM-268 516;
WCCC-268 520
Cusip No: 35025W 10 6
Transfer agent: The R-M Trust
Company
Stock symbol: FRE.WT
Security code: ISM-890 401;
WCCC-890 380
Cusip No: 35025W 11 4
Transfer agent: The R-M Trust
Company
Expiry: One warrant entitles the
holder to purchase on share at $0.50
until May 15 1994 and at $0.75 until
December 15 1994.
- 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.
