Reddy Ice (fka RDDYQ)

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Renee

06/04/12 9:27 AM

Post #182

RDDYQ: PLAN of Bankruptcy effective. Shares cancelled as of 9:11 A.M.

http://www.otcbb.com/asp/dailylist_detail.asp?d=06/04/2012&mkt_ctg=NON-OTCBB

TheFinalCD PremiumMember

05/31/12 2:08 PM

Post #180

Re: #179: @sterlingkuning - There are around 24m shares of "old common

nice post...

could be?

sterlingkuning Free

05/31/12 11:23 AM

Post #179

Re: #177: @sterlingkuning - Common Stock. Under the Plan, holders of common

There are around 24m shares of "old common stock" of RDDYQ:

If the Arctic Glacier acquisition goes through:

Shareholders of 25000 or more can elect to take cash OR can elect to take shares of the new common stock.
Company will set aside 336,638 shares of new stock at $7.14/share for those who chose the stock option (total value = 2.4m), with more shares available once Arctic Glacier acquisition goes through.

So if we say that HALF of current shareholders choose the cash option, that is 12 million shares choosing the cash payout which is:

$3.6M ($2.4 + $1.2) divided by shares 12million = 30 cents per share (double where we are now).

In, that same scenario, the other HALF of current shareholders chooses the shares option, which would equal about 20c before the Arctic Glacier acquisition, and then another 10c afterwards (assuming its in line with the 1.2M)....with potential to increase due to no more litigation, a stronger company, etc.

Anyone else's thoughts?

sterlingkuning Free

05/31/12 11:16 AM

Post #178

Re: #177: @sterlingkuning - Common Stock. Under the Plan, holders of common

Court docs here: http://www.kccllc.net/reddyice

RDDYQ

sterlingkuning Free

05/31/12 10:07 AM

Post #177

Common Stock. Under the Plan, holders of common stock of the Company will share in approximately $2.4 million in cash, with the option for holders of at least 25,000 shares of common stock to elect to receive common stock of the reorganized Company in lieu of cash. Subject to certain conditions, in the event that the Company consummates the acquisition of Arctic holders of common stock of the Company will share in an additional approximately $1.2 million in cash or, with respect to holders who elected to receive common stock of the reorganized Company, additional common shares of the reorganized Company.

TheFinalCD PremiumMember

04/15/12 1:05 PM

Post #176

Re: #172: @The Rainmaker - Commons getting 17 cents in cash or cash

as much as

Penny Roger$ Free

04/15/12 1:36 AM

Post #175

GreenOcean Free

04/14/12 12:51 PM

Post #174

Re: #172: @The Rainmaker - Commons getting 17 cents in cash or cash

So if you bought into the current symbol around 17 cents....hold until they emerge from bankruptcy, then you will end up with the same amount money that you started with...correct?,,,since its already 17 cents and 17 cents will be given when the they emerge and the existing shares are cancelled.

Appreciate It

jasonchanning Free

04/12/12 2:45 PM

Post #173

It's up 100% nice.

The Rainmaker Free

04/12/12 2:12 PM

Post #172

Commons getting 17 cents in cash or cash and some shares in the company after BK.

Prepack Coming

Reddy Ice Prepack to Give Stock for Second-Lien Notes

Reddy Ice Holdings Inc., a Dallas-based ice maker and distributor, said this morning that it has agreement with debt holders on a bankruptcy reorganization in which second-lien noteholders will own the new stock and existing common shareholders will be given as much as 17 cents for each existing share.
The reorganization is supported by holders of 60 percent of the first-lien debt, 58 percent of the second-lien debt, and 92 percent of the discount notes. Noteholders will complete voting on the plan by May 8.

Reddy Ice expects to emerge from reorganization within 45 days after the Chapter 11 petition is filed. Unsecured trade suppliers will be paid in full. Existing shareholders will have the option of sharing 2 percent of the new stock in lieu of some of the cash.

Holders of discount notes are to receive $4.7 million in cash and a three-month note for $1.2 million. First-lien debt will remain in place.

The reorganization will enable Reddy Ice to carry out an offer to acquire Arctic Glacier Inc., the owner of 39 plants making and distributing ice in Canada and the U.S. Arctic Glacier is being reorganized principally in Canada under the Companies’ Creditors Arrangement Act.

The Chapter 11 case will be financed with a $70 million loan from Macquarie Bank Ltd. The loan will convert into a $50 million facility upon exit from bankruptcy.

Reddy Ice also filed financial statements this morning, showing a $69.5 million net loss in 2011 on revenue of $328.5 million. The operating loss in the year was $8.1 million. The balance sheet was upside down, with assets of $434 million and debt totaling $530.8 million.

The $300 million in 11.25 percent first-lien notes due 2015 last traded yesterday for 90.5 cents on the dollar, according to Trace, the bond-price reporting system of the Financial Industry Regulatory Authority.

The $139.4 million in second-lien notes last traded yesterday for 11.75 cents on the dollar, Trace said. The $11.8 million in unsecured 10.5 percent discount notes sold on April 2 for 79.7 cents on the dollar.

In 2010 the net loss was $40.5 million on revenue of $315.5 million. Interest expense in 2010 was $50.1 million with $8.8 million in debt refinancing costs.

Reddy Ice completed an exchange offer in March 2010 in which 10.5 percent senior discount notes were swapped for an identical amount of new senior secured second-lien notes.

Chivito

04/12/12 1:54 PM

Post #171

Re: #170: @johnnyk2394 - Reddy Ice Prearranges Bankruptcy

Did you read new news? Are they planning to exit bankruptcy?

johnnyk2394 Free

04/08/12 11:54 PM

Post #170

Reddy Ice Prearranges Bankruptcy

Packaged-ice maker Reddy Ice Holdings Inc. is in the final stages of preparing to file for Chapter 11 bankruptcy protection with a plan to hand ownership to a hedge fund holding the company's debt, said people familiar with the matter.

http://online.wsj.com/article/SB10001424052702303815404577332153959715014.html

sterlingkuning Free

04/03/12 9:23 AM

Post #169

Re: #168: @TheTaco - Maybe, once they file bankruptcy and come back

Whether they file bankruptcy is still in question though (they may come to another agreement), so the swings will probably be interesting in the coming month or so. The float is so low on RDDY...it moves quick. Will be on the radar of many after yesterday's drop.

TheTaco

04/03/12 9:11 AM

Post #168

Re: #167: @ChartDad101 - Anyone see life at the end of the

Maybe, once they file bankruptcy and come back as a pinky with no debt. That will take awhile though.

ChartDad101 Free

04/03/12 12:47 AM

Post #167

Anyone see life at the end of the tunnel on this one.

TheTaco

04/01/12 7:57 PM

Post #166

The management of Reddy Ice Holdings, Inc. (together with its subsidiary Reddy Ice Corporation (“Reddy Corp”), the “Company”) has determined that the Company is unable to file its Annual Report on Form 10-K for the period ended December 31, 2011 on March 30, 2012, without unreasonable effort or expense, because management needs additional time to finalize and analyze the Company’s financial statements.

In addition, the Company is currently in active discussions with various stakeholders regarding alternatives to modify its capital structure and reduce the Company’s leverage. Although the Company is currently in compliance with the indentures governing its outstanding notes and its credit agreement, in 2011 the Company began to explore alternatives to address its capital structure in light of the Company’s financial results. In recent months these efforts have accelerated and the Company has been required to devote key personnel and administrative resources, including the personnel and resources of its accounting and financial reporting organization, to matters relating to the negotiations. The Company believes these discussions will be concluded shortly, at which time the Company’s Annual Report on Form 10-K will be filed. However, there can be no assurance that an agreement can be reached with the Company’s stakeholders or that any transaction with the Company’s stakeholders will be consummated.

In the event we are able to reach an agreement with our stakeholders a “prepackaged” bankruptcy may provide the most expeditious manner in which to affect our plan of reorganization. This process is not expected to have an adverse effect on our operations. Immediately upon filing, we would request Bankruptcy Court approval to pay critical suppliers and other vendors in the ordinary course of business, which request is commonly approved in similar situations. All of our customers would continue to be serviced without interruption.
Put a fork in it its done!

sterlingkuning Free

03/08/12 1:56 PM

Post #165

RDDY in the .30s....low volume, getting interesting.

sterlingkuning Free

03/01/12 7:31 AM

Post #164

Re: #163: @sterlingkuning - Those are two different filings for two different people:

One filing shows an increase of position of RDDY (formerly FRZ) from about 1.4m in Nov '11 to about 2.4m in January '12 (increase of over 1 million shares)

SEE:
http://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=8251264

http://idc.api.edgar-online.com/efx_dll/edgarpro.dll?FetchFilingConvPDF1?SessionID=GaomF31u-3da3fS&ID=8324394

Mead also increased.

sterlingkuning Free

03/01/12 7:11 AM

Post #163

Re: #162: @jc1153 - Correct me if I'm wrong, but these two

Those are two different filings for two different people:
Mead, filed 2/3/12:
1,626,067
http://idc.api.edgar-online.com/efx_dll/edgarpro.dll?FetchFilingConvPDF1?SessionID=GaomF31u-3da3fS&ID=8374321

Bernon, filed 1/5/12:
2,450,000
http://idc.api.edgar-online.com/efx_dll/edgarpro.dll?FetchFilingConvPDF1?SessionID=GaomF31u-3da3fS&ID=8324394

4,076,067 or about 20% of the float

jc1153

02/29/12 6:30 PM

Post #162

Re: #160: @sterlingkuning - Recent ownership filings:

Correct me if I'm wrong, but these two filings looks like he dropped a bunch of shares.

On 1/5/2012 he filed that he had 2,450,000 shares and on 2/3/12 he filed that he had 1,626,067. Doesn't this mean that within that month he dropped 823,933 shares.

If this is indeed the case it doesn't look too good IMO.

sterlingkuning Free

02/28/12 4:02 PM

Post #161

CHART
RDDY

sterlingkuning Free

02/09/12 11:54 AM

Post #160

Recent ownership filings:

http://idc.api.edgar-online.com/efx_dll/edgarpro.dll?FetchFilingConvPDF1?SessionID=GaomF31u-3da3fS&ID=8324394

http://idc.api.edgar-online.com/efx_dll/edgarpro.dll?FetchFilingConvPDF1?SessionID=GaomF31u-3da3fS&ID=8374321

ArchiH

02/07/12 9:59 PM

Post #159

Rddy is creeping-up nicely under the radar; no real resistance until .65-.67

ArchiH

02/05/12 1:12 PM

Post #158

Re: #157: @Serotonin - Where did you get your information, bud?

The filing posted on Friday and some quick DD.

Serotonin

02/04/12 5:01 PM

Post #157

Re: #154: @ArchiH - Another Dallas "big-boy" buying RDDY at these levels;

Where did you get your information, bud?

ArchiH

02/03/12 4:59 PM

Post #156

Re: #155: @sterlingkuning - RDDY looking good :) .... moving up!

Fresh higher-high...I think we could see .65+ soon!

sterlingkuning Free

02/03/12 2:22 PM

Post #155

RDDY looking good :) .... moving up!

ArchiH

02/03/12 2:10 PM

Post #154

Another Dallas "big-boy" buying RDDY at these levels; Robert E. Mead, CEO of Silverleaf Resorts...think he knows something ;)

ArchiH

02/02/12 9:59 AM

Post #153

Cross of SMA20 over SMA50 within the next 2-5 trading days - we could see a move to .60-.65 soon.

GLTA, as always

ArchiH

01/24/12 4:10 PM

Post #152

RDDY; officially closed above SMA50 and with SMA20 rising to form a bullish cross, the next major could be close!

As always,
GLTA

sterlingkuning Free

01/19/12 11:19 AM

Post #151

Re: #150: @ArchiH - Looks like RDDY is having a difficult time

RDDY will be over a buck soon imo

ArchiH

01/18/12 10:44 AM

Post #150

Looks like RDDY is having a difficult time breaching the SMA50 but hanging in there until the SMA20 catches up to form a bullish-cross - I know I'm waiting for that to happen ;)

http://stockcharts.com/h-sc/ui?s=RDDY&p=D&b=5&g=0&id=p25775069332

ArchiH

01/13/12 4:31 PM

Post #149

Good to see the stock going down on light volume; very interested to see what next week brings.

Have a great weekend, all

Pennyland

01/12/12 8:42 PM

Post #148

Re: #147: @stocktrader001 - nice day here in RDDY land.

indeed

stocktrader001 Free

01/12/12 5:13 PM

Post #147

Re: #146: @Pennyland - RDDY a double from these levels(.46) very possible imo

nice day here in RDDY land.

Pennyland

01/12/12 4:12 PM

Post #146

Re: #145: @ArchiH - And not even overbought at these levels; once

RDDY a double from these levels(.46) very possible imo

ArchiH

01/12/12 4:07 PM

Post #145

Re: #144: @Pennyland - look'n good here HOD @.489

And not even overbought at these levels; once .50's are broken, RDDY could see a strong move with volume imo

I like that the ex-COO of Dean Foods is a >10% stakeholder and that even at these levels the market cap is only $8M...

GLTA

Pennyland

01/12/12 3:54 PM

Post #144

Re: #143: @--FLOAT_LOCKER-- - New high at .485. I'm in at .48.

look'n good here HOD @.489

--FLOAT_LOCKER-- Free

01/12/12 3:52 PM

Post #143

Re: #140: @Pennyland - RDDY @.48

New high at .485. I'm in at .48. Looks good for the .50 break!

Pennyland

01/12/12 3:40 PM

Post #142

Re: #141: @ArchiH - And rising mtc ;) -- with stronger volume

i totally agree ArchiH

very impressive chart

ArchiH

01/12/12 3:38 PM

Post #141

Re: #140: @Pennyland - RDDY @.48

And rising mtc ;) -- with stronger volume this could be a very powerful bounce indeed.

Pennyland

01/12/12 3:34 PM

Post #140

Re: #139: @ArchiH - Starting to turnaround here; could be the start

RDDY @.48

ArchiH

01/11/12 4:18 PM

Post #139

Starting to turnaround here; could be the start of a substantial move...

Serotonin

12/29/11 9:48 PM

Post #138

Re: #137: @Talionis - I don't think we've seen the bottom but

Companies such as RDDY cannot do a reverse split. They have very little outstanding shares and even smaller float. Reverse split was a non-starter. As you well know, the dollar amount remains the same in a reverse or forward split. I believe the bottom was yesterday (12/28/11)’s closing of .15, which was actually a fluke. Check the prices from just a few weeks ago and nothing has really fundamentally changed as the company continues to work out the kinks on the road to profitability.

Also, IMHO, this company is in better shape than most companies on BB or even AMEX for that matter. Look at the fundamentals, business model, and the simple product line. Hopefully, management can right the ship.

Talionis

12/29/11 4:27 PM

Post #137

I don't think we've seen the bottom but the good news is I doubt they'll do a reverse split. They could've done that to stay on the NYSE.

Maybe they expect another rough quarter ahead. If it dips to .10 I'll take a chance.

(jmo of course)

Renee

12/28/11 4:28 PM

Post #136

FRZ delisted to Pinks. New ticker RDDY effective tomorrow.

http://www.otcbb.com/asp/dailylist_detail.asp?d=12/28/2011&mkt_ctg=NON-OTCBB

ChartDad101 Free

12/28/11 1:33 PM

Post #135

Re: #133: @sterlingkuning - You were right.... keeping on watch this week,

I wonder will a someone buy em out?

Check out this to.

PPET

RISK-TAKER Free

12/28/11 12:28 PM

Post #134

Re: #133: @sterlingkuning - You were right.... keeping on watch this week,

YEP..i been watching too!
G/L

sterlingkuning Free

12/28/11 12:02 PM

Post #133

Re: #132: @ChartDad101 - Delisting I think we will sink bait lower.

You were right.... keeping on watch this week, getting low...

ChartDad101 Free

12/23/11 6:49 AM

Post #132

Delisting I think we will sink bait lower. Jmo

Not in yet, don't mind getting in for a bounce

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Reddy Ice (fka RDDYQ)

Followers	4	Posters	35
Posts (Today)	0	Posts (Total)	183
Created	02/11/10	Type	Free
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Reddy Ice is the largest manufacturer and distributor
of packaged ice products in the United States. The Reddyice brand is a leader in the markets that it serves, offering the widest range of product choices available. In addition, Reddy Ice is a key supplier to thousands of customers coast to coast, with the regional presence and infrastructure required to serve even multi-state retailers.

Reddy Ice Holdings, Inc. engages in the manufacture and distribution of packaged ice in the United States. The company offers ice in various forms, including cube, half-moon, cylindrical, crushed, and block forms. It markets its products, under the Reddy Ice brand name, to supermarket chains, mass merchants, convenience stores, wholesale ice and food distributors, commercial users, resorts and restaurants, agricultural buyers, competitive producers, and self-suppliers. Reddy Ice serves its customers in 31 states and the District of Columbia. The company was founded in 2003 and is headquartered in Dallas, Texas.

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