What is a Creation Warrant? Is it illegal to create warrants?

This is an innovative system of exchanges. The broker creates a new warrant at any time, and the new warrant is exactly the same as the old one. In this way, when the warrant is very high and has been much higher than its own value, the brokerage can issue a large number of warrants and sell, on the one hand, the brokerage makes a profit, and on the other hand, it objectively plays a role in calming the warrant.

Corresponding to the creation of warrants, brokers can also cancel warrants.

For an explanation of warrants, please refer to the relevant question.

The original call warrant and put warrant are part of the consideration for the stock reform of Wuhan Iron and Steel Co., Ltd., which also contains the trading rights of the warrants, and the creation of warrants forcibly changes the conditions for the exercise and trading of warrants, infringing on the interests of warrant holders, even if there is the consent of the exchange to do so, the continuous creation of Wuhan Iron and Steel warrants is not the original meaning of the share reform warrants, and the number of transactions has expanded several times and its trading ** has also been affected, which means that the trading rights of Wuhan Iron and Steel warrants have been seriously violated. The benefits of the share reform that they should have obtained were deprived by artificially altered market factors.

I believe that the creation of warrants in this matter violates the original promise of share reform, so investors have every reason or right to sue for this promise, and the first target is the exchange.

The creation part of the warrant includes the creation of the two exchanges, which should be in Wuhan Iron and Steel warrants as consideration, as after the introduction of the share reform plan, the creation of warrants after this, I think it is not valid only from the function of informing, the brokerage is not qualified to intervene in the bargaining of the share reform, it belongs to a third party, in this sense, I regret that the creation of warrants as a warrant for consideration payment has no legal basis, and my personal opinion that the creation of warrants is illegal.

The first should immediately terminate the infringement of the additional issuance of shares in the name of creation, and the second is to compensate for the behavior caused in the past, and the compensation is divided into two forms, ordering all the brokerages involved in the creation of the warrants to get back the difference in price if they repurchase the warrants, and use them as investor protection, such as the warrants you created have not been repurchased, and now these warrants must be repurchased at the original price, and the repurchase will be cancelled after the repurchase, so as to stop infringing on the interests of the warrant holders.

I believe that the creation of call warrants and put warrants is illegal, in violation of the relevant provisions of the Company Law, the scope of the right to create warrants should not be made by exchanges and brokers, it should be done by the general meeting of shareholders, and such a resolution can only be made by shareholders who attend the shareholders' meeting of 2 3 or more voting shares.

The first is a representative lawsuit, which requires the board of supervisors to sue directly against the members of the board of directors and ** exchange and brokerage in the name of the company, if the board of directors believes that it is not involved in this matter, then you withdraw from the defendant, and other ** exchanges and brokerages as defendants, and the second is a personal lawsuit, any ** can directly sue all the directors of the company, you can directly sue all the directors of the company, this is a personal lawsuit. If the board of supervisors does not give a reply within 30 days of receiving it, which will cause significant losses, the shareholders (who hold the shares for 180 days and hold 1% of the company's shares individually or jointly) may directly file a lawsuit in the name of the company to stop the infringement and compensate for the damages.

Hello, the creation of warrants refers to the act of increasing the amount of warrants after the warrants are listed and traded, which is applied by qualified institutions and is completely consistent with the terms of the original warrants.

The functions of warrant creation are:

1.The creation of the warrant system is conducive to achieving a balance between supply and demand in the market, and effectively supports the reform of equity division.

2.The warrant creation system has played a role in reminding investors (especially small and medium-sized investors) of risks and protecting these investors.

A warrant (share warrant) refers to a valuable warrant issued by the underlying issuer or a third party other than it, and the holder has the right to purchase or **subject matter from the issuer as agreed** or collect the settlement difference in cash settlement within a specified period or a specific maturity date. A warrant is a kind of valuable**, and after paying a premium to purchase, the investor has the right (but not the obligation) to purchase from the issuer or **subject matter according to the agreement within a specific period (or a specific point in time). The creation of warrants refers to the act of increasing the amount of warrants after the warrants are listed and traded, which is applied by qualified institutions and is completely consistent with the terms of the original warrants.

Cancellation of warrants means that the founder (i.e., the ** company that created the warrants) applies to the ** exchange for cancellation of all or part of the warrants in the warrant creation account designated by the ** exchange.

The creation of a warrant specifically refers to the act of a qualified financial institution discovering that the terms of the warrant are completely consistent with the terms of the original warrant after the warrant is officially listed and traded. The main reason for the creation of the mechanism of warrants is that the imbalance between supply and demand has led to high premiums and exceptions in warrants. The creation of warrants is one of the very important mechanisms for warrant speculation, which reduces the abnormal volatility of warrants, can better increase the stability of the warrant market, and can also improve the pricing efficiency of warrants, which is a very important mechanism for warrant speculation.

It is a warrant of Shenzhen Development, which can subscribe for shares of Shenzhen Development with a certain amount of ** after a certain period of time. Theoretically, of course, it will affect ****, after all, it is a refinancing method for deep development. In addition, it is also possible that some people manipulate ** in order to control the ** of the warrant, so that the impact is more obvious.