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 - WPI.WT
Number Trading - 214,780
Expiration Date - December 5 1988
Cusip - 95549J 12 2
Warrants called to trade news:
1988-06-08 16:35 MT -
Warrants Called to Trade
Further to the VSE Notice dated May
6 1988, the exchange has been
advised that 214,780 A warrants have
been issued pursuant to the rights
offering. Effective at the opening
June 9 1988, the A warrants of the
company will be posted and called
for trading on the VSE.
Capitalization: 1,143,155 A
warrants authorized; 214,780 A
warrants outstanding
Transfer agent: Guaranty Trust
Company
Trading symbol: WPI.WT
Security No: 919992
Cusip No: 95549J 12 2
1988-05-06 18:06 MT - Rights
Offering
Effective at the opening, May 11
1988, the shares of the company will
trade ex-rights and the rights will
be posted and called for trading at
that time on a when-issued basis.
Summary:
Basis of offering: Two rights
exercisable for one unit at $0.55
per unit
Record date: May 17 1988
Shares trade x-Rt: May 11 1988
Rt trade for cash: May 31 1988
Rt expire: June 7 1988
Rt trading symbol: WPI.RT
Rt security No: Tba
Rt Cusip No: 95549J 11 4
Wt trading symbol: Tba
Wt security No: Tba
Wt Cusip No: 95549J 12 2
Wt expiry date: December 5 1988
Wt exercise price: $0.66
- 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.
