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 - IVI.WT.R
Number Trading -
Expiration Date - December 30 1997
Cusip - 46055K 12 8
Warrants called to trade news:
1994-12-30 14:21 MT -
Warrants Called to Trade
Redeemable warrants in respect of
1,919,118 common shares will be
listed on the TSE at the opening
January 5 1995 (IVI.WT.R., Cusip No.
46055K 12 8). The warrants have been
issued pursuant to a plan of
reorganization involving a
subsidiary of the company and
Soricon Corporation. The
reorganization also resulted in a
consolidation of the company's
shares. Unless the warrants are
redeemed, each whole warrant
entitles the holder to purchase one
common share at $15 before December
30 1997. The common shares (IVI)
will be posted for trading at the
opening January 5 1995 on a 1:10
consolidated basis under the new
Cusip No. 46055K 30 0. Fractional
shares will not be issued. Any
holder of less than ten
pre-consolidated shares will be
entitled to one post-consolidated
share.
- 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.
