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 - TXI.WT
Number Trading -
Expiration Date -
Cusip - 894916 11 3
Warrants called to trade news:
1997-07-04 16:07 MT - EOP
Completed
Trade date: July 7 1997
Offering date: June 18 1997
Offering: 6,000,000 units. Each
unit consists of one share and one
warrant to purchase an additional
share.
Price: $0.40
Agents: Brink, Hudson & Lefever
Directors: Tba
Transfer agent: Montreal Trust
Company
Capitalization: 7,800,000 class A
shares; and 1,354,825 class B shares
issued
Trading symbol: TXI
Security No: 680912
Cusip No: 894916 10 5
Wt capitalization: 7,800,000
warrants issued
Wt symbol: TXI.WT
Wt security No: 916338
Wt Cusip No: 894916 11 3
Unit symbol: TXI.UN
Unit security No: 000138
Unit Cusip No: 894916 20 4
- 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.
