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 - IBI.WT.A(1989)
Number Trading - 600,000
Expiration Date - March 22 1990
Cusip - 45916F 11 2
Warrant Symbol -
IBI.WT.A(1992)
Number Trading -
Expiration Date -
Cusip - 45916F 12 0
Warrants called to trade news:
1992-06-05 15:53 MT - Warrants
Called to Trade
Effective at the opening June 8
1992, the company's A warrants will
be posted and called for trading,
subject to satisfactory distribution
to the public.
Transfer agent: Pacific Corporate
Trust Company
Wt trading symbol: IBI.WT.A
Wt security No: 896653
Wt Cusip No: 45916F 12 0
Unit security No: 857250
1989-03-22 16:20 MT - Warrants
Called to Trade
Effective at the opening March 22
1989, 600,000 series A share
purchase warrants were posted and
called for trading.
One warrant is required to purchase
one share of the company at $0.41
per share on or before March 22
1990.
Trading symbol: IBI.WT.A
Wt Security No: 896653
Wt Cusip No: 45916F 11 2
- 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.
