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 - PAX.WT
Number Trading - 1,000,000
Expiration Date -
Cusip - 697932 11 9
Warrants called to trade news:
1997-05-29 16:57 MT - EOP
Completed
Offering date: May 15 1997
Trade date: May 30 1997
Expiry date: July 31 1997
Offering: 1,000,000 units. Each
unit consists of one share and one
warrant.
Price: $0.40
Wt exercise price: $0.40 per share
for six months
Agent: Union Securities
Agent's Wt: For 250,000 shares at
$0.40 for six months
Directors: Tba
Capitalization: 2,582,000 shares
issued
Trading symbol: PAX
Security No: 526194
Cusip No: 697932 10 1
Wt capitalization: 1,000,000
warrants issued
Wt trading symbol: PAX.WT
Wt security No: 907807
Wt Cusip No: 697932 11 9
Unit trading symbol: PAX.UN
Unit security No: 864524
Unit Cusip No: 697932 20 0
- 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.
