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 - RCG.WT
Number Trading -
Expiration Date - November 12 1996
Cusip - 75620E 12 7
Warrants called to trade news:
1994-05-26 15:53 MT -
Warrants Called to Trade
The share purchase warrants of the
company will be posted for trading
on the ASE at the opening May 30
1994.
Stock symbol: RCG.WT
Security code: ISM-910 919;
WCCC-910 910
Cusip No: 75620E 12 7
Exercise price: One warrant for one
share at the greater of $2.40 or 80%
of the 10 day weighted average
closing price five days prior to the
exercise date, anytime between 9:00
am Toronto time May 12 1995 and 5:00
pm Toronto time November 12 1996
Expiry date: November 12 1996
Cash trading date: November 5 1996
Transfer agent: Montreal Trust
- 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.
