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 - QI.WT
Number Trading -
Expiration Date - December 21 1994
Cusip - 748911 11 2
Warrants called to trade news:
Separation of units and
warrants admitted to trading
1993-03-17 10:02 MT - Miscellaneous
The Montreal exchange reports
The company's units will be delisted
at the close of business on March 15
1993 and the common shares and
common share warrants comprising the
units will begin to trade separately
at the opening of business on March
16 1993.
Common Shares Warrants
Symbol: QI QI.WT
Cusip No: 748911 10 4 748911 11 2
Record date: At the close of
business on
March 22 1993
After the separation, the unit
certificates will represent common
shares only. Holders of unit
certificates may thereafter submit
them to the company's transfer
agent, Montreal Trust Company of
Canada, in exchange for standard
common share certificates. Warrant
certificates will be distributed on
or about March 22 1993 to
unitholders of record as of the
close of business on March 22 1993
on the basis of one half warrant for
each unit held.
Consequently, the warrants will
trade on a when issued basis until
their distribution is completed.
Each whole warrant entitles its
holder to purchase one common share
at $10.00 per share on or before
5:00 pm (local time) on December 21
1994
- 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.
