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 - RRE.WT.A
Number Trading - 1,000,000
Expiration Date - $2.89 to October
13 1994; $3.16 to October 13 1995
Cusip - 758916 15 9
Warrants called to trade news:
1993-10-12 16:16 MT - SMF
Date Price Fixed
Effective date: August 18 1993
Expiry date: February 15 1994
Offering date: October 13 1993
Offering: 500,000 units consiting
of one share and two A warrants
(350,000 guaranteed, 150,000 best
efforts)
Wt to buy one share: Two
Price: $2.89
Wt exercise price: $2.89 to October
13 1994; $3.16 to October 13 1995
Agents: Canaccord
Agents Wt: For 87,500 shares
Wt exercise price: $2.89 to October
13 1994; $3.16 to October 13 1995
Shareholder offering: 793,000
shares previously issued to
shareholders and an additional
793,000 which may be acquired by
exercise of warrants. No proceeds
from this sale will be received by
the company.
Transfer agent: Montreal Trust
Wt trading symbol: RRE.WT.A
Wt security No: 910940
Wt Cusip No: 758916 15 9
Unit security No: 867818
- 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.
