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 - TDX.WT.A
Number Trading -
Expiration Date - September 17 1993
Cusip - 88238D 12 6
Warrants called to trade news:
1992-08-11 16:15 MT - Rights
Offering
The company will offer to
shareholders of record at August 20
1992, rights to purchase shares. One
right will be issued for each share
held. Two rights and $0.27 are
required to purchase one unit, each
unit consisting of one share and one
series A share purchase warrant. The
shares will trade for cash on
September 11 1992. The offer will
expire on September 18 1992. Two A
warrants and $0.27 entitles the
buyer to purchase one share of the
company up to September 17 1993.
Effective at the opening August 14
1992, the shares of the company will
trade ex-rights and the rights will
be posted and called for trading at
that time.
Rt trading symbol: TXD.RT
Rt security No: 834492
Rt Cusip No: 88238D 11 8
Wt trading symbol: TDX.WT.A
Wt security No: 915375
Wt Cusip No: 88238D 12 6
Unit security No: 871867
Subscription agent: Montreal Trust
Company
- 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.
