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 - HPL.WT
Number Trading -
Expiration Date - December 15 1994.
Cusip - 41740C 11 0
Warrants called to trade news:
1993-03-17 15:16 MT - New
Listing
The common shares and warrants will
be posted for trading at the opening
of business on Thursday March 18
1993.
Trading will be delayed pending
confirmation of the closing of the
offering and completion of
documentation.
Common Shares
Symbol: HPL
Security code: ISM and WCCC - 316
320
Cusip No: 41740C 10 2
Transfer agent: Montreal Trust
Company of Canada, Calgary
Symbol: HPL.WT
Security code: ISM and WCCC - 893
630
Cusip No: 41740C 11 0
Transfer agent: Montreal Trust
Company of Canada, Calgary
Expiry: Each warrant entitles the
holder to purchase one common share
at $0.45 on or before 4:00 pm
(Calgary time) on 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.
