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 - MYR.WT.A
Number Trading - 1,600,000
Expiration Date - $0.45 to May 31
1991; $0.51 to June 1 1992
Cusip - 60434L 11 1
Warrants called to trade news:
1990-05-30 16:02 MT - EOP
Completed
Effective date: April 24 1990
Offering date: May 30 1990
Expiry date: October 22 1990
Trade date: May 31 1990
Offering: 800,000 units consisting
of 1 share and 2 A warrants
Price: $0.45
Wt exercisable at: $0.45 to May 31
1991; $0.51 to June 1 1992
Wt to buy 1 share: 2
Agents: Yorkton 500,000; Canadian
200,000; Pacific 100,000
Agents Wt: For 200,000 shares
Wt exercisable at: $0.45 to May 31
1991; $0.52 to June 1 1992
Greenshoe: 87,200 units at $0.45 to
July 30 1990
Directors: J. Scodnick, A. Lortie,
D. Beland, D. Tousignant
Trading symbol: MYR
Security No: 444219
Cusip No: 60434L 10 3
Wt trading symbol: MYR.WT.A
Wt Cusip No: 60434L 11 1
Unit security No: 863314
1990-05-29 16:23 MT - EOP
Date Fixed
Effective date: April 24 1990
Offering date: May 30 1990
Expiry date: October 22 1990
Trade date: Tba
Offering: 800,000 units consisting
of 1 share and 2 A warrants
Price: $0.45
Wt exercisable for: 2 yr: $0.45 in
year one; $0.52 in year two
Wt to buy 1 share: 2
Agents: Yorkton 500,000; Canadian
200,000; Pacific 100,000
Agents Wt: For 200,000 shares
Wt exercisable at: $0.45 in year
one; $0.52 in year two
Greenshoe: Maximum of 120,000
shares for 60 calendar days from
offering day
Directors: J. Scodnick, A. Lortie,
D. Beland, D. Tousignant
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- 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.
