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 - TVK.WT.A
Number Trading - 1,640,000
Expiration Date -
Cusip -
Warrants called to trade news:
1992-10-06 16:23 MT - EOP
Conditional Listing
Effective date: October 7 1992
Offering date: Tba
Expiry date: April 6 1993
Trade date: Tba
Offering: 820,000 units consisting
of one share and two A warrants
Price: $0.45 per unit
Wt to buy one share: Two
Wt exercise price: $0.45 in year
one; $0.52 in year two
Agents: McDermid St Lawrence
Agents Wt: For 205,000 shares
exercisable at $0.45 in year one;
$0.52 in year two; and up to an
additional 45,000 shares exercisable
at $0.50 in the first year and
$0.575 in the second
Directors: Tba
Trading symbol: TVK
Security No: 685635
Cusip No: Tba
Wt trading symbol: TVK.WT.A
Wt security No: 917245
Wt Cusip No: Tba
Unit security No: Tba
- 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.
