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 - SDD.WT.A
Number Trading - 1,200,000
Expiration Date - July 15 1991
Cusip - 825900 13 7
Warrants called to trade news:
1990-07-16 16:49 MT -
Warrants Called to Trade
Effective at the opening July 13
1990, 1,200,000 series A share
purchase warrants were posted and
called for trading.
Two warrants are required to
purchase one share of the company at
$0.40 per share on or before July 15
1991.
Wt trading symbol: SDD.WT.A
Wt security No: 912865
Wt Cusip No: 825900 13 7
Unit security No: 870558
1990-07-12 16:44 MT - SMF
Date Price Fixed
Effective date: June 12 1990
Offering date: July 13 1990
Expiry date: December 10 1990
Offering: 600,000 units consisting
of 1 share and 2 A warrants
Price: $0.40
Wt to buy 1 share: 2
Wt exercisable at: $0.40
Wt expire: July 15 1991
Agents: LOM Western
Agents Wt: For 300,000 shares
Wt exercisable at: $0.40
Wt expire: July 15 1991
Greenshoe: Maximum of 90,000 units
at $0.37 to September 11 1990
Transfer agent: Montreal Trust
Company
Wt trading symbol: SDD.WT.A
Wt security No: 912865
Wt Cusip No: 825900 13 7
Unit security No: 870558
- 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.
