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 - PMN.WT
Number Trading -
Expiration Date -
Cusip - 73731B 12 4
Warrants called to trade news:
1995-02-27 17:10 MT - Rights
Offering
The company will offer to
shareholders of record as at March 8
1995 rights to purchase shares of
the company. One right will be
issued for each share held. Three
rights and $0.30 are required to
purchase one unit, each unit
consisting of one share and one
series A warrant. The offer will
expire on April 6 1995. One series A
share purchase warrant and $0.35
entitles the buyer to purchase one
share up to April 6 1996.
Effective at the open March 2 1995
the shares will trade ex-rights and
the rights will be posted and called
for trading on a when-issued basis.
Rt trading symbol: PMN.RT
Rt security No: 834368
Rt Cusip No: 73731B 11 6
Wt security No: 908860
Wt Cusip No: 73731B 12 4
Unit security No: 864566
- 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.
