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
Quick Links:
Back to Home Page Back to Warrant Sheets
Back to Expired Warrants
Website -
Click to add
Warrant Symbol - MNL.WT
Number Trading -
Expiration Date - August 4, 1987
Cusip -
Warrants called to trade news:
1986-12-23 01:00 MT - Rights
Offering
The company has announced it will
offer to shareholders of record at
December 30, 1986 rights to purchase
shares of the company. One right
will be issued for each share held.
Four rights and $0.17 are required
to purchase one unit, each unit
consisting of one share and one
series A share purchase warrant. The
offer will expire on February 4,
1987. One series A share purchase
warrant $0.19 entitles the buyer to
purchase one share of the company up
to August 4, 1987. As at December
30, 1986 the company has 3,757,800
shares issued and outstanding.
Effective at the opening, December
30, 1986, the shares of the company
will trade ex-rights and the rights
will be posted and called for
trading at that time on a
when-issued basis.
Basis of offering: Four rights
exercisable for one unit at $0.17
perunit
Record date: January 6, 1987
Shares trade x-rt: December 30,
1986
Rt called to trade: December 30,
1986
Rt trade for cash: January 28,
1987February 4, 1987
Trading symbol: MNL.RT
Security No: Tba
Cusip No: 579674 15 1
A wt expire: August 4, 1987
- 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.
