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 - PID.WT.A
Number Trading - 600,000
Expiration Date - December 14, 1987
Cusip - 697906 11 3
Warrants called to trade news:
1987-06-12 01:00 MT - EOP
Completed
Effective date: May 26, 1987
Offering date: June 11, 1987
Expiry date: November 23, 1987
Trade date: June 15, 1987
Offering 1: 400,000 shares
guaranteed best efforts
Price: $0.40
Offering 2: 300,000 units
consisting of one deposit receipt
evidencing the right of the holder
to earn oneflow-through share and 2
series A share purchasewarrants to
purchase (non-flow-through)
commonshare
Price: $0.45
Wt exercisable at: $0.55
Wt to buy 1 share: 2
Wt expire: December 14, 1987
Agents: Canarim
Agents Wt: For 100,000 shares
Wt exercisable at: $0.55
Wt expire: December 14, 1987
Directors: J.M. Bell, J.J. Gibbons,
D. Brynelsen,
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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.
