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 - PAO.WT
Number Trading - 1,200,000
Expiration Date - March 17 1994
Cusip - 74266L 11 5
Warrants called to trade news:
1993-11-15 15:29 MT - New
Listing
The exchange has been advised by
Yorkton Securities, agent for the
corporation, that the date for the
offering of 1,200,000 units at $0.50
will be November 17 1993. Each unit
consists of one share and one
warrant with two warrants
exercisable for one share at $0.65
to March 17 1994.
The shares and warrants will be
posted for trading on the ASE at the
opening November 17 1993.
Commencement of trading may be
delayed pending receipt of
documentation.
Stock symbol: PAO
Security code: ISM 554 204; WCCC
554 154
Cusip No: 74266L 10 7
Transfer agent: Montreal Trust
Wt trading symbol: PAO.WT
Wt security code: ISM 908 871; WCCC
908 876
Wt Cusip No: 74266L 11 5
Expiry: March 17 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.
