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U.S. Concrete, Inc. Message Board

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  • IAE21 IAE21 Dec 9, 2010 9:39 AM Flag

    Trying to Buy

    "For the record, I just went back and re-read the most current SEC filing relating to the warrants. It appears they will not be traded at all. Current holders can exchange them for stock in the new USCR when the price hits $22.69 and $26.68.....for all practical purposes they are currently worthless IMVHO. If you want your money back, you need to buy USCR before it pops. "


    Where does it specifically state in the filing that warrants will not or cannot be traded in an open market? Of course they have to state an exercise price for each warrant, thats the whole point of a warrant. Never have I heard of a warrant being issued by a company that could not be traded. Warrants still carry some intrinsic value and therefore they should be able to trade hands.

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42.15-0.18(-0.43%)11:42 AMEDT