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 - WCX.WT
Number Trading -
Expiration Date -
Cusip -
Warrants called to trade news:
1990-10-23 10:00 MT - EOP
Conditional Listing
Effective date: October 24 1990
Offering date: Tba
Expiry date: April 22 1991
Trade date: Tba
Offering: 720,000 units consisting
of one flow through share and
one-fifth of a non-flowthrough share
to be sold in multiples of five
units
Unit price: $0.60
Agents: McDermid
Agents Wt: For 216,000 shares
Wt exercisable at: $0.50
Wt expiry date: 365 days from trade
date
Greenshoe: Maximum of 15% of shares
subscribed for, for 60 calendar days
from offering day
Directors: Tba
Trading symbol: WCX
Security No: 736232
Cusip No: 969489 20 2
Wt trading symbol: Tba
Wt security No: Tba
Wt Cusip No: Tba
Unit security No: 872550
- 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.
