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 - GPP.WT
Number Trading - 2,666,764
Expiration Date -
Cusip - 374526 11 9
Warrants called to trade news:
1991-12-03 16:34 MT -
Miscellaneous
Further to the VSE notice dated
December 2 1991, there is no new
cusip number for the existing
warrants of Giant Pacific
Petroleum.
Wt symbol: GPP.WT
Wt security No: 891599
Cusip No: 374526 11 9
1991-02-20 16:03 MT - Warrants
Called to Trade
Giant Pacific has acquired 5,333,528
shares of Patriot Energy Company
representing 94% of the issued and
outstanding shares of Patriot on the
following basis:
One share and one share purchase
warrant of Giant Pacific for two
shares of Patriot. Accordingly,
2,666,764 shares and 2,666,764
warrants have been issued.
The remaining shareholders of
Patriot who did not tender, will be
eligible to receive warrants on the
same basis as those who did tender
upon the compulsory acquisition
provisions of the business
corporations act (Alberta) being
triggered. The company intends to
make use of these provisions.
Effective at the opening February 21
1991, 2,666,764 warrants will be
posted and called for trading
subject to satisfactory distribution
to the public. The company is
classified as a resource company.
The company is exempt.
Capitalization: 3,500,000 shares
with no par value of which 2,666,764
shares are issued and outstanding
Transfer agent: Montreal Trust
Company of Canada
Wt trading symbol: GPP.WT
Wt security No: 891599
Wt Cusip No: 374526 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.
