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 - WTA.WT.A
Number Trading - 800,000
Expiration Date - September 29 1998
Cusip - 972907 11 7
Warrants called to trade news:
1997-09-29 16:09 MT - New
Listing
The ASE has been advised by Roche
Securities Ltd, agent for the
company, that the offering date for
the offering of a maximum of
1,599,999 units at $1.50, each unit
comprising one class A common share
and one-half of a class A common
share purchase warrant, will be
September 30 1997.
The class A common shares and class
A common share purchase warrants of
Winalta Shelters Inc will be posted
for trading on the ASE at the
opening of business on September 30
1997.
Commencement of trading will be
delayed pending receipt of
documentation.
Common Shares
Stock symbol: WTA.A
Security code: ISM - 738 428
Cusip No: 972907 10 9
Transfer agent: Montreal Trust
Company
Agent: Roche Securities
Wt symbol: WTA.WT.A
Wt security code: ISM - 920 722
Wt Cusip No: 972907 11 7
Wt expiry: Each whole warrant
entitles the holder to purchase one
common share at $1.50 up to
September 29 1998
- 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.
