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 - PRE.WT.A
Number Trading - 120,000
Expiration Date - June 27, 1988
Cusip - 72330D 11 9
Warrants called to trade news:
1987-12-29 01:00 MT - EOP
Completed
Effective date: November 13, 1987
Offering date: December 23, 1987
Expiry date: May 11, 1988
Trade date: December 30, 1987
Offering 1: 280,000
non-flow-through units consisting of
1common share and 1 A warrant
Price: $0.45
Wt to buy 1 share: 2
Wt exercisable at: $0.50
Wt expire: June 27, 1988
Offering 2: 120,000 flow-through
units consisting of 1flow-through
common share and 1 A warrant
Price: $0.55
Wt to buy 1 share: 2
Wt exercisable at: $0.50
Wt to buy 1 share: 2
Wt expire: June 27, 1988
Agents: Continental
Agents Wt: For 100,000
Wt exercisable at: $0.50
Wt expire: June 27, 1988
Directors: G.D. McNulty, H.C. Moll,
L.B. Anderson, D.N.Muncie, P.A.
Christopher
Trading symbol: PRE
Sec. No: 544263
Cusip No: 72330D 10 1
Wt symbol: PRE.WT.A
Wt Sec. No: 908238
Wt Cusip No: 72330D 11 9
Unit Sec. No: 864575
FT Share Sec. No: 544264
FT Unit Sec. No: 864576
1987-12-22 01:00 MT - EOP
Date Fixed
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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.
