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 - PIN.WT
Number Trading - 1.875 million
Expiration Date - $1 per share until
Feb. 15, 2002 / $1.25 per share
until Feb. 15, 2003
Cusip - 729405 11 8
Warrants called to trade news:
Plus Int'l warrants to
commence trading on CDNX
2001-02-23 17:18 ET - Warrants
Called to Trade
Effective at the open Feb. 26, 2000,
the share purchase warrants of the
company will commence trading on the
Canadian Venture Exchange.
Jurisdiction: Canada
Capitalization: 1.875 million
warrants with no par value of which
1.875 million warrants are issued
and outstanding
Transfer agent: Pacific Corporate
Trust Company
Trading symbol: PIN.WT
Cusip No: 729405 11 8
The warrants were issued pursuant to
an offering completed Feb. 16, 2001.
Two warrants entitle the holder to
purchase one common share at a price
of $1 per share until Feb. 15, 2002,
thereafter at a price of $1.25 per
share until Feb. 15, 2003.
- 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.
