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 - TGC.WT.A
Number Trading -
Expiration Date - October 27 1992
Cusip - 89078E 12 5
Warrants called to trade news:
1992-04-20 16:17 MT - Rights
Called to Trade
Further to the VSE notice dated
April 15 1992, the trading symbol
etc for the company's rights are as
follows:
Rt trading symbol: TGC.RT
Rt security No: 834408
Rt Cusip No: 89078E 11 7
Wt trading symbol: TGC.WT.A
Wt security No: 915586
Wt Cusip No: 89078E 12 5
Unit security No: 871887
1992-04-15 16:24 MT - Rights
Offering
The company will offer to
shareholders of record as at April
27 1992 rights to purchase shares of
the company. One right will be
granted for each share held.
Basis of offering: Three rights
exercisable for one unit at $0.30
per unit
Record date: April 27 1992
Shares trade x-rt: April 21 1992
Rt called for trade: April 21 1992
Rt trade for cash: July 17 1992
Rt expire: July 24 1992
Rt trading symbol: Tba
Rt security No: Tba
Rt Cusip No: 89078E 11 7
A wt term: One A warrant to
purchase one share at $0.35 to
October 27 1992
Wt trading symbol: Tba
Wt security No: Tba
Wt Cusip No: 89078E 12 5
Unit security No: Tba
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.
