Teflon is a remarkable substance. It has the best resistance to chemical attack of any polymer, and it can be used at any temperature between -73 C and 260 C with no effect on its properties. It also has a very low coefficient of friction.
A stale dated warrant is an unredeemed warrant which was issued more than six months prior to the current date. A stale dated warrant is expired and the original instrument is no longer negotiable.
Updated June 27, 2015 12:14 a.m. Bank of America warrants that expire in January 2019 appear to be a better buy than the stock. Due to an unusual pricing mechanism that lowers the warrantâs strike price, investors can buy warrants that convert into common stock at prices sharply below BofAâs (ticker: BAC) recent stock price. These warrants are among the last vestiges of the credit crisis that almost toppled U.S. banks.