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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Address: Box 13628, 68 TW Alexander Dr
Research Triangle Park NC UNITED STATES
27709
Phone: 919 484 8484
Fax: 919 890 0490
Web Site: https://fennecpharma.com
Warrant Symbol - FRX.WT
Number Trading - 1,437,500
Expiration Date - March 30, 2016
Cusip - 31447P 11 8
Exercise Price - $4.32
Warrants called to trade news:
2014-09-03 18:17 MT - Change Name, Roll Back Shares
Adherex Technologies Inc. has consolidated its shares on the basis of one new share for every three old shares, according to the Toronto Stock Exchange. The exchange reports the company's shares will start trading on a consolidated basis at the open on Friday, Sept. 5, 2014, under the new name Fennec Pharmaceuticals Inc., new trading symbol FRX and new Cusip No. 31447P 10 0.
The company's warrants currently entitle their holder to buy one company share for 18 warrants at an exercise price of $1.44 at any time before 5 p.m. (Toronto time) on March 30, 2016. As a result of the share consolidation, as of the open on Sept. 5 the warrants will entitle their holder to buy one company share for 54 warrants at an exercise price of $4.32. The expiry date of the warrants remains the same. Beginning Sept. 5 the warrants will trade under the new symbol FRX.WT and new Cusip No.
31447P 11 8.
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- 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.
