Sold some warrants today at $43-$46 per share. Most likely a 10 bagger. USCR stock price almost $70/ share.

Warrants are getting close... Current stock price $20.28 USCR.

Class A warrants have an exercise price of $22.69 per share. Class B warrants have an exercise price of $26.68 per share. Current price is over $12 per share. (Looking better). Warrants expire August 31, 2017.

New ticker USCR - chart ->

Hit 52 week low today @ 3.69

http://www.optionsclearing.com/components/docs/market-data/infomemos/2010/sep/27646.pdf

OUCH

Equity Interests

On the Effective Date, pursuant to the Plan, all of the Company’s existing equity securities, including its existing common stock (the “Old Common Stock”), all options to purchase the Old Common Stock and all rights to purchase the Company’s Series A Junior Participating Preferred Stock (the “Preferred Stock Purchase Rights”) pursuant to a Rights Agreement, dated as of November 5, 2009, were cancelled. Accordingly, upon the Effective Date, certain of the Company’s equity incentive plans in place prior to the Effective Date, and all awards granted under such plans, were terminated. The following equity incentive plans were terminated on the Effective Date:

· 1999 Incentive Plan of U.S. Concrete, Inc.


· U.S. Concrete, Inc. 2000 Employee Stock Purchase Plan


· 2001 Employee Incentive Plan of U.S. Concrete, Inc.


· U.S. Concrete, Inc. 2008 Incentive Plan

New Filings after Sept 2nd

Finally found them

http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001073429&owner=include&count=40

GN

Just wondering what happened to RMIXQ,

im new for these BK plays :)

Trying to look for the symbol RMIXQ or RMIX found nothing no where

does it take time for the emerged company to be re-listed ?

was trying to find out since im in other Q plays

thanks for your time

keep up the great work especailly your DD's

RMIXQ - weekly chart:

U.S. Concrete emerges from bankruptcy

Tuesday, August 31, 2010, 6:00pm CDT

U.S. Concrete Inc. on Tuesday said it has completed its reorganization and has emerged from Chapter 11 bankruptcy.

The Houston-based ready-mixed concrete filed for bankruptcy in late April.

As part of the company’s restructuring, it converted about $272.6 million of principal amount of 8.375 percent senior subordinated notes due in 2014 into equity of the reorganized company.

In addition, shares of the reorganized entity will trade over the counter. U.S. Concrete currently trades on Pinksheets under the symbol RMIXQ.

http://houston.bizjournals.com/houston/stories/2010/08/30/daily20.html?ana=yfcpc

5 Form 3 Filings today

http://pro.edgar-online.com/displayfilinginfo.aspx?FilingID=7446365-1154-7719&type=sect&TabIndex=2&companyid=2181&ppu=%252fDashboard.aspx

it's over.. shareholders got warrants.
worked out fairly well for them, although have to see how the new stock is treated when its RMIX.
Details are on the Yahoo Finance RMIXQ thread.

Watcing here!

RMIXQ Plan Confirmed (7/29/10)

for those of us who haven't bought yet, it's for the best. there will be no long delays. the company and creditors have already agreed to preserve 15% of the new stock specifically for existing shareholders in warrant form.
therefore all we need to know is what the terms of those warrant will be.

RMIXQ Announces Court Denies OEC Bid

Plan of Reorganization Votes Due 7/09/10.

Plan Confirmation Hearing Set for 7/23/10.

HOUSTON, TX--(Marketwire - June 22, 2010) - U.S. Concrete, Inc. (PINKSHEETS: RMIXQ) today announced that the U.S. Bankruptcy Court denied a request to appoint an equity committee in its chapter 11 cases. In a ruling issued by the Court, the Judge stated that no official committee was necessary, and that equity holders were already adequately represented.

"We are extremely pleased with the Judge's ruling in this matter," said Michael W. Harlan, President and Chief Executive Officer of U.S. Concrete. "Our focus has been and will continue to be moving forward to complete our restructuring plan in an orderly and timely manner."

As previously announced, the Company's proposed restructuring provides for the conversion of approximately $285 million of principal amount of 8.375% Senior Subordinated Notes due 2014 into equity in the reorganized company. Trade creditors are currently being paid in full in the ordinary course and are expected to be unaffected by the restructuring.

Information about the restructuring is available at the Company's website, www.us-concrete.com or via the Company's restructuring line at (888) 369-8931.

http://www.marketwire.com/mw/rel_us_print.jsp?id=1279847&lang=E1

check out the yahoo finance thread on this.
stock is a buy.

RMIXQ REG_SHO Overview Threshold Security List 5/21/2010

Market Category Counts

OTCBB (U) Other OTC (u) NASDAQ (Q,G,S)
14 18 10
File Download

Trade Date Download Link File Creation Timestamp
Friday, May 21, 2010
Download
5/21/2010 11:00:04 PM
Threshold Security List

http://www.litecapital.com
LITE Capital Communications - Investment Research

As defined in Rule 203(c)(6) of Regulation SHO, a “threshold security” is any equity security of any issuer that is registered under Section 12 of the Exchange Act, or that is required to file reports under Section 15(d) of the Exchange Act (commonly referred to as reporting securities), where, for five consecutive settlement days:

There are aggregate fails to deliver at a registered clearing agency of 10,000 shares or more per security; The level of fails is equal to at least one-half of one percent of the issuer’s total shares outstanding; and The security is included on a list published by a self-regulatory organization (SRO).

A security ceases to be a threshold security if it does not exceed the specified level of fails for five consecutive settlement days.

The Securities and Exchange Commission (SEC) has amended Regulation SHO to eliminate the “grandfather provision” effective October 15, 2007. Please refer to Regulatory Alert #2007-086 for complete details.

On January 2, 2007, a Regulation SHO Threshold List for NASDAQ and OTCBB stocks was not published on NASDAQTrader.com. As a result, certain original published Regulation SHO Threshold/NASD 3210 Lists listed below have been modified. Please review General News 2007-022 for complete details.

Certain securities included in the July 7, 2006, Regulation SHO Threshold List published on the NASDAQ Trader website should not have been included. Firms are advised to refer to NASDAQ's General News item and review the revised list of securities subject to the Regulation SHO requirements for July 7, 2006.

For detailed information, please visit the SEC's website at:

http://www.sec.gov/divisions/marketreg/mrfaqregsho1204.htm
http://www.sec.gov/spotlight/keyregshoissues.htm
Note: The list below contains securities from OTCBB, Other OTC and NASDAQ markets. The totals below reflects the number of securities from each marketplace that are included in the list. Please review the "Market Category" field for the specific listing market for each security.


Symbol Security Name Market Category Reg SHO Threshold Flag Rule 3210

ACLH ACT CLEAN TECHNOLOGIES, INC. C u N Y
ACWX ISHARES MSCI ACWI EX US INDEX G Y N
AICPQ AICI CAP TST 9% PFD SECS u Y N
AIXG AIXTRON AKTEINGESESELLSCHAFT A Q Y N
AMEL AMERILITHIUM CORP COM STK (NV) U Y N
AMTC AMERITRANS CAPITAL CORPORATION S Y N
ATTD ATTITUDE DRINKS INC COMMON U Y N
BNPQY BNP PARIBAS SPONS ADR u N Y
CCTR China Crescent Enterprises, In U Y N
CHIO CHINA INSONLINE CORP COM S Y N
CHNC CHINA INFRASTRUCTURE CONSTRUCT U Y N
CLQMF CANADA LITHIUM CORP ORDINARY S u N Y
CTPZY COMP DE TRAN PAULISTA ADR u N Y
CVVUF CanAlaska Uranium Ltd. Ordinar U Y N
DPMLF DUNDEE PRECIOUS METALS INC u N Y
EUBK EUROBANCSHARES, INC. u Y N
FNXMF FNX MNG CO INC u N Y
FRCMQ FAIRPOINT COMMUNICATIONS INC. u Y N
FTBK FRONTIER FINL CORP NEW COM STK u Y N
FXFL Flex Fuels Energy, Inc. Common U Y N
GEVI General Environmental Manageme U Y N
GGCRF GENCO RESOURCES LTD u Y N
IFLG INFOLOGIX INC COM STK (DE) S Y N
ISCHY Israel Chemicals Limited Unspo u N Y
KBLB KRAIG BIOCRAFT LABORATORIES IN U Y N
MURZY MURRAY & ROBERTS HLDG LTD ORD u N Y
RMIXQ U.S. CONCRETE INC u Y N
RNWF Renewal Fuels, Inc. Common Sto u N Y
SANWU S&W SEED CO UIT (DE) S Y N
SGSVF SABINA GOLD & SILVER CORP ORDI u N Y
SQQQ PROSHARES ULTRAPRO SHORT QQQ G Y N
TEWI TITAN ENERGY WORLDWIDE, INC. N U Y N
TQQQ PROSHARES ULTRAPRO QQQ G Y N
TWSRF TOWER SEMICONDUCTOR LTD WTS SH U Y N
VCIT VANGUARD INTERMEDIATE-TERM COR G Y N
VCRT VICOR TECHNOLOGIES INC NEW COM U Y N
VCSH VANGUARD SHT-TERM CORP BD ETF G Y N
VIVK VIVAKOR INC COMMON STOCK U Y N
VLKPY VOLKSWAGEN AG SPONS ADR REPSTG u Y N
WEMU Worldwide Energy Manufacturing U Y N
WHCI W HOLDING COMPANY INC. (NEW) u Y N
WPUR WATERPURE INTERNATIONAL, INC. U Y N

Finra Reg_SHO Ihub Board
Thanks For The Mark

not necessarily-be careful with the BK plays. JMHO

Up 48% - something must me happening that is good for the common shareholders...IMO

RMIXQ chart

This is definitely interesting at these levels.

RMIXing the shares ...

Grabbing as fast as they print...what a dip that was yesterday

;)

this is going to get fun

I guess it can bounce.. +10% @ .40

Too risky for me, waiting for new shares

Shorts taking profits A/H

All buys at ask, I can't imagine someone playing a bounce from here, more likely delisting ready

Nope - no idea on delisting...

Anybody know when the de-listing will happen?

U.S. Concrete Receives Court Approval of 'First-Day' Motions in its Debt Restructuring

U.S. Concrete Receives Court Approval of 'First-Day' Motions in its Debt Restructuring

- Suppliers to be paid in the ordinary course

- Interim approval of $80 million credit facility

- All customer and employee plans to continue

PR Newswire

HOUSTON, May 4

HOUSTON, May 4 /PRNewswire-FirstCall/ --

U.S. Concrete, Inc. (Nasdaq: RMIX) today announced it received approval of its first-day motions by the United States Bankruptcy Court for the District of Delaware. Included in the relief granted at a hearing on Friday was interim authority to continue to pay suppliers in the ordinary course, and final approval to continue customer programs and employee wage and benefit programs. The Company also received authority, on an interim basis, to enter into an $80 million debtor-in-possession (DIP) credit facility to fund operations as it moves forward with its comprehensive debt restructuring. J.P. Morgan acted as sole-lead arranger and administrative agent on the DIP facility. Final approval of all motions is expected to be granted at a hearing to be held on May 21, 2010.

"We are pleased the Court approved our first-day motions so promptly," said Michael W. Harlan, President and Chief Executive Officer of U.S. Concrete, Inc. "These approvals enable us to minimize any impact on our suppliers, customers and employees as we move forward with our debt restructuring. We anticipate completing our restructuring in the next 75 to 90 days and emerging as a stronger company. The credit facility is a key element to a stable and successful restructuring," continued Mr. Harlan. "Tennenbaum DIP Opportunity Fund, LLC, also participated in this facility and has been a supportive, responsive and flexible partner during our restructuring process."

The Company expects to gain approval of its Disclosure Statement at a hearing set for June 3, 2010 and to move forward soliciting votes for its proposed Plan of Reorganization in an expedited manner. The Plan proposes all trade creditors be paid in full in the ordinary course. Additional information about the restructuring is available at the Company's website, www.us-concrete.com or via the Company's restructuring line at (888) 369-8931.

About U.S. Concrete

U.S. Concrete services the construction industry in several major markets in the United States through its two business segments: ready-mixed concrete and concrete-related products; and precast concrete. The Company has 125 fixed and 11 portable ready-mixed concrete plants, seven precast concrete plants and seven producing aggregates facilities. During 2009 (including acquired volumes), these plant facilities produced approximately 4.5 million cubic yards of ready-mixed concrete and 3.0 million tons of aggregates. For more information on U.S. Concrete, visit www.us-concrete.com.

I am not in this stock, but had a similar situation happen with Accuride. I bought 2000 shares at 50 cents each for $1,000. They then filed for bankruptcy. I believe the stock holders were given 17 percent of the new reorganized company. They did a 1 for 24 reverse split of my old shares, so I now have 82 new shares of ACUZ currently trading for $1.37 per share (not sure if you will be getting shares). I was given 1,124 warrants with an excercise price of $2.10 that expire 2/26/2012. The warrants (ACUZW) are trading for 23 cents each right now. Currently my investment after a year or so of holding is worth $370. It was a long court battle with an equity committee pushing for a higher payout for the share-holders. Your results will be different but this is one example of how the warrant situation played out.

What will probably end up happening is the warrants will be worth more than the stock price will be able to climb to within the five year period then they will expire worthless.
But you never know, the warrants could have a 30.00 per share value and this could end up to be a 75.00 per share company.

Pre packaged quicky bankruptcy which benefits insiders and current management,hence the warrants.Shareholder gets the shaft in these pre packaged deals.GL.

Question for the RMIX board.....

This question comes up alot I have noticed on other boards ( Q board)....Will only the shares purchsed prior to the filing of BK be issued the warrants? And also, is the issuing of warrants something that is going to happen for sure, or is it just a proposal? It seems a little weird to me that RMIX can say warrants will be issued so quickly after filing BK (unless they have created a BK package prior to filing and going public with the information). I have not done alot of DD on RMIX, so please forgive me for all the questions. Good luck to all RMIX shareholders and may you make lots of $$$ on the bounces.

Don't forget guys, you have brokers that will guide you through every step of the process so don't get frustraded.

believe me so do I, most people do.

Think of a warrant as a gift card that expires in five years.


1. you have $1000.00 dollars invested in the company and the company files bankruptcy.

2. The company issues a warrant(gift card) to you worth $10.00

3. You get 100 gift cards 100 x 10.00 = $1.000

5. You can use your gift cards to buy the stock at $10.00 a share anytime you want. But, the company may only be worth $5.00 a share when emerging from bankruptcy so you hold your warrants.

6. If the price per share of the stock never reaches $10.00 after bankruptcy during that five years your warrants expire and they are worthless.

.7 If the price per share reaches $20.00 you can use your warrants to buy the stock at $10.00 per share then sell your shares on the open market at $20.00 per share.

Now, you can hold these warrants hoping the company goes higher than that, which it may. It could reach say $60.00 which would obviously put more loot in your pocket.

Either way your warrant must be exercised within the five year expiration date or it expires.

So if someone is sitting on 1000 shares now, to keep things simple, and they decide to hold, they get 1000 warrents for the old shares. Sorry I find this confusing.

Exisiting shareholders will be issued a warrant that will actually trade on an exchange at a price determined on strike price and expiration date. For instance, let's assume each current shareholder gets a warrant to buy one share for $12 anytime from now till 7-31-15. Assuming RMIX exits bankruptcy in 90 days, that would give a shareholder the right to buy one share at any time for $12 for the next 5 years. That is worth something. Let's assume further that the new stock that gets issued to bondholders starts trading at $10 a share. there is a very good possibility that RMIX new stock might get well above $12 sometime in the next 5 years. If the stock gets to say $18 then the wqarrant is worth at least $6, the difference in strike price and current price. Please understand, shareholders are not being given 15% of the new stock, just the warrants to buy them.

Drum if you are not sure what I am saying read this post from Danin on Yahoo.
Heres a copy

The Disclosure Statement was filed this evening....all 33 pages, including giving management and BOD's 10% of the company......as I said several days ago.....management pushed for bankruptcy IMVHO so they could enrich themselves. They basically over 3 years get 10% of the company for zilch. They get 3.5% of all new shares within 30 days of bankruptcy exit. Here's the link to bankruptcy court filings. Click on Documents under #16. This site you may want to save as it's updated daily and you will be able to follow proceedings: DaninFW

Drum see my last post,

Rocky

If you guys are not reading Daninfw04 posts on the Yahoo board already, I suggest you do. You can learn alot from him he's very experienced in these types of situations.

Thanks, also not sure what the warrents mean, but it seems like those holding shares lose after de-listing. Could someone clarify what happens in this situation.

There is no move here for a new investor. These are shark infested waters and your money will be the chum if you are not that experienced.

I think a big sell off today. Being the end of the month, and it being Friday. Should be able to get in much lower IMPO.

Its a really tough call Drum.
Chances are its going to go both ways right now as people will be flipping this at an incredible rate. You could have massive accumulation by institutions which is why you probably see the stock not plummeting to single digits. Daytraders will be jockeying for postion putting in buy orders on pure speculation and trying to flip them for a quick profit when the shares get scooped up. This type of trading is very fast as you saw yesterday afternoon, when it settles down the price will probably be quite low. If I was caught in this bankruptcy I would be looking for a way to make my losses back but could also lose even more in the attempt. I couldn't even guess at a price right now, I have no problem giving opinions at times but in this situation I hesitate for the fact that it would be incredibly pure speculation on my part based on absolutely no due diligence or any technical analysis whatsoever.

Rocky

Question about entry point. Ive been watching for a while and was about to get in yesterday, glad I didnt, and I feel for those who lost so much. So my question is, is now a good time to buy... or do I wait till its down graded to the pk. Im a new investor so Im not sure what they next move should be or what I should look for. Any suggestions are welcome.

Not exactly sure what you're saying. Taking in the fact that there must be demand for product, so dispite this mess, where do you think sp will go?

Bankruptcy
Right as the economy and the construction industry is turning around.
Right before summer when demand for the product skyrockets.
Right as the stock was climbing to levels of Nasdaq compliance.(albeit probably manipulation lest we not forget the dump from 1.02 to .68)
Right before the release of the company financials.
Right as CAT and other big movers in the industry were crushing estimates.


A decision made by a group of people who gain to profit handsomely from the aformentioned. Leaving out the larger population of the vested from having any say in the matter and stand to gain the least from the outcome.

Sickening

Following borrowed from Damianfw07 on Yahooo

Disclosure Statement - 30-Apr-10 12:07 am
The Disclosure Statement was filed this evening....all 33 pages, including giving management and BOD's 10% of the company......as I said several days ago.....management pushed for bankruptcy IMVHO so they could enrich themselves. They basically over 3 years get 10% of the company for zilch. They get 3.5% of all new shares within 30 days of bankruptcy exit. Here's the link to bankruptcy court filings. Click on Documents under #16. This site you may want to save as it's updated daily and you will be able to follow proceedings: DaninFW

http://dm.epiq11.com/USC/docket/Default....

http://dm.epiq11.com/USC/docket/Default.aspx?rc=1&DMWin=c7700987-7ed6-438f-adcb-1af9483f9a9b

********************************************************

Will Be Interesting - 29-Apr-10 03:45 pm
I have been reading the countless postings today and can't help but find that on days like this we have dozens of new posters with many the same person but different sign-ons. What happened today is going to allow longs and shorts to make a lot of money or lose a lot of money. The nxt 60-90 days are going to be very interesting. RMIX stock may trade a little lower and could easily bounce over $1.00 again. The shorts that didn't do their homework and don't cover soon will get burned. When RMIX stock symbol changes probably tomorrow to RMIXFQ.PK it will be harder to short and even buy on the pink sheets without causing dramatic increases/decreases. Most pink sheet stocks you can no longer short only cover. I figure we may have anywhere from 10-15 million shares shorted after today. They will have to cover at some point because the stock must be turned in for warrants to be issued. They will only be canceled at that point. Those that don't think they have to cover are going to wake up one morning and pay dearly.
Now, here's a few thoughts since I specialize in these situations. My postings several months ago are just almost 100% what I predicted.
1) The bondholders will get 100% of all new stock. Period. Exisiting shareholders get zilch.
2) Exisiting shareholders will be issued a warrant that will actually trade on an exchange at a price determined on strike price and expiration date. For instance, let's assume each current shareholder gets a warrant to buy one share for $12 anytime from now till 7-31-15. Assuming RMIX exits bankruptcy in 90 days, that would give a shareholder the right to buy one share at any time for $12 for the next 5 years. That is worth something. Let's assume further that the new stock that gets issued to bondholders starts trading at $10 a share. there is a very good possibility that RMIX new stock might get well above $12 sometime in the next 5 years. If the stock gets to say $18 then the wqarrant is worth at least $6, the difference in strike price and current price. Please understand, shareholders are not being given 15% of the new stock, just the warrants to buy them.
2) The bonds today traded as low as $562.00 per bond and hit $643.75 after the announcement. If you figure the difference in assets and liabilities as reported in bankruptcy filing today was just $10.2 million of which $11-12 million was accrued interest and that fact some of those other liabilities were for leases that will get canceled in bankruptcy......then bondholders are exchanging $272+/- million in bonds for the equivalent in assets of well above $1,000 per bond. The bonds are the real buy right now.
3) The scenario in #2 also gives credence to a shareholder equity committee which will be certainly formed. They will point out that there is assets for shareholders well above the amount of recovery entitled to bondholders. They will threaten legal action, etc. in order to get a small percentage of newly issued shares or even more warrants at better strike prices. They will threaten to tie this up in court for months if not years if they don't get more than 15%. Remember, no shareholders have approved this deal.
4) In bankruptcy now with all useless leases canceled, there might even be a competing offer for RMIX with the base price already established. Anyone offering to pay bondholders 100% and give shareholders a small amount would be well received.
5) What RMIX has reported as an operating loss for past few months is now actually less as they will not have to pay well north of $10+ million in accrued interest they now won't pay. They will continue to save $20+ million a year in interest costs while in bankruptcy.
6) As all of what I describe above unfolds....RMIX will be very volatile. Be ready. DaninFW

yep, bounced at 12:22 to 12:26

What information are you using to support this position?

OMG that's ugly for all RMIX shareholders! BK and worthless warrants for common shares... holy cr@p... what a bitc#...

Traded this one .50$ to 1.00$ range for some nice handsome profits... sold out near 1$ a few days ago based on the Chart... that was indeed a close shave... the Chart was, as is often the case, ahead of the news flow... after the "news" today hits the market it went down below my first entry price in just hours...

GL remaining holders...