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WLKR: Company Dissolution Effective 9/20/2017 & Initial Liquidating Distribution. Rate per share: $0.48, Payable Date: 9/27/2018.Transfer Books are closed as of the effective date. Per Issuer’s press release, the distribution will be paid on or about September 27, 2018 to stockholders as of September 20, 2018, the effective date of the Company’s certificate of dissolution (including trades through the effective date that settle after the effective date).
FINRA deleted symbol:
http://otce.finra.org/DLDeletions
Did they have any assets beside the cash and cash equivalents? I keep seeing that they trade at .40 price to book. Part of the reason I bought was low P/BV.
T
Walker wants to walk away. For an Uber Rich Dude who has had several mega hit businesses, to bail, speaks volumes as to what is coming down the pike globally, not just for WLKR. Wow is all I can say.
Hedge Fund Genesis Opportunity has a large stake here, almost 10%
https://www.sec.gov/Archives/edgar/data/1294649/000149315218001811/sc13ga.htm
WOW MM, always have great DD, this looks really good, also the chart is getting to oversold zone and holding above 50ma perfectly nice setup, looks like huge potential $$$
$WLKR
MM, thanks for info. I continue to see this as a sort of safe haven during these volatile days in the market. Cash is cash.
T
Really nice write up about WLKR. Good read.
https://rockvuecapital.wordpress.com/2018/02/08/jay-walker-is-at-it-again/
Investing in The Mind of Jay Walker
https://www.tradingview.com/chart/WLKR/izBJEl12-Investing-in-The-Mind-of-Jay-Walker/
They have to be getting close to doing something with the $24m
That article was spot on. With the current Share Structure and the cash, they could pull off a huge acquisition/merger with a company doing $75m to $100m in revenue and generating $5m or $6m in net income.
Basically a clean shell with $24m in cash is about as attractive as it get.
great all in one DD post!!!! Ask side thinned out and this could really fly given some buying pressure
Walker Innovations Inc. ( WLKR ~.55)
webiste: ~ http://www.walkerinnovation.com
phone:~203 263 9362
52 week range: ~ .30-.62
The founder of Priceline(PCLN) majority shareholder of a corporate shell with $24 million in cash and no debt ~ looking for an acquisition or merger~ WLKR
$24,000,000 could find a $100,000,000.00 company looking to go public!
Shares outstanding: 20 million common and 15 million Preferred B converted into 15 million common at any time. There are also 5 million options largely out of the money. Not that important. We will be using 35 million fully diluted for our calculations.
cash:~ $24,659,000 ~NO DEBT
Fully diluted:~ cash/sh .70
NOL:~ $10 million
NOL/sh .28
It appears that there are only around 2 million shares within the public float. Walker owns 15 million preferred and 10 million of the common shares. There remains some 10 million shares and most of that is owned by management and a few funds that may be directly connected to management. Our best estimate is that the public owns around 2-3 million shares that are in the float.
Management:Jay Walker~ Founder of Priceline.com. As an inventor he has his name on more than 500 issued and pending US and international patents, making him one of the world's most prolific individual living inventors.
He also co-founded Synapse, a company that leveraged the credit card processing network to revolutionize the magazine subscription business.
He was twice named as one of the "50 most influential business leaders in the digital age" by the editors of TIME magazine, Businessweek selected him as one of its 25 Internet pioneers most responsible for "changing the competitive landscape of almost every industry in the world", and Newsweek cited Jay Walker as one of the 3 executives at the FOREFRONT OF THE INTERNET COMMERCE REVOLUTION.
The rest of management should not be overlooked. Please review their bios located within the website.
Overview:
As mentioned within their filings~ the company is in pursuit of a merger candidate, acquisition or other business opportunities that can enhance shareholder value. The balance sheet is super clean with zero debt and $24+ million in cash and a $10 million NOL.
The company at present has around .70/sh in cash and .28/NOL~It would not unusual for this stock to trade at 2X cash or $1.40 when you take into account cash+NOL and a management team that is "totally plugged in ".
When you consider the experience that encompasses "Jay" concerning the Internet you would have to easily assume that he and his team are looking very hard at "Blockchain" and Crypotocurrency.
Blockchain~ a digital ledger in which transactions made in bitcoin or another cryptocurrency are recorded chronologically and publicly.
From the bio of Mr Walker it is easy to conclude that he may drive this "shell" company in that specific direction. We have no inside knowledge of this fact, but when you read his bio it is very easy to conclude that he could and if it does in the current environment that this stock could easily go to $15+ dollars overnight!
When you add Internet Pioneer and Internet Commerce together it is very easy to conclude that heading in the future of Internet commerce "Jay" has the ability and cash horde to take this industrial segment by storm.
Note: Many companies that are entering the "Blockchain" industrial segment cannot even compare to the knowledge and mental capability that Mr. Walker possesses. You just have to look at his history.
If he decides to go conventional with his cash horde of $24 million it is also easy to conclude that merging with or acquiring a $100 million revenue based private company looking to go public would not be a "unicorn" dream!
We have a .60 stock that could explode anytime and make a patient investor a lot of money. ( look at RIOT and LFIN)
We are not intending to hype or mislead, but instead to look into the potential future of WLKR!
http://saadvisory.com/update/archive/January-16-2018.htm
hard not to like this one. .60s are getting eaten up
About Walker Innovation Inc.
Walker Innovation ($WLKR) owns and seeks to commercialize, license and enforce the unique portfolio of intellectual property developed by inventor and entrepreneur Jay Walker, who serves as the Company’s Executive Chairman. The Company has a history of performing innovation services that help companies improve their internal product and business development efforts. The Company’s current plan of operations includes an effort to acquire, through merger, share exchange or other transactions, one or more operating businesses, or control of such operating businesses through contractual arrangements. Mr. Walker is best known as the founder of Priceline.com and has twice been named by TIME magazine as “one of the top 50 business leaders of the digital age.” Mr. Walker currently ranks as the world’s 13th most patented living individual, based on U.S. patent issuances according to Wikipedia. Additional information regarding the company can be found at http://walkerinnovation.com/
https://www.otcmarkets.com/stock/WLKR/profile
Correction, they have $1.2 per share cash on hand. 20m O/S $24m in cash.
Flipped the two numbers on first look.
There were 20,094,314 shares of Common Stock of the registrant outstanding as of February 1, 2018
WLKR 10k filed Feb. 2nd
https://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=12513122
Its free and clear also, not a loan, only $350k in total liabilities vs $24m in assets.
No brainer! Not to mention the bio for Jay Walker is pretty damn impressive
So .84 cents in cash w/ a PPS of just .58
Cash burn is small too.
$WLKR
Walker Innovation Announces Fourth Quarter and Full Year 2017 Results
Feb 02, 2018
OTC Disclosure & News Service
-
Walker Innovation Inc. (OTCQB:WLKR) (“Walker Innovation” or the “Company”), which seeks to develop and commercialize its unique portfolio of intellectual property assets through licensing and enforcement operations and is pursuing an effort to acquire one or more operating businesses, today announced fourth quarter and full year 2017 results.
Fourth Quarter 2017 Highlights
As of December 31, 2017, Walker Innovation had in excess of $24 million in cash and no outstanding long-term debt on its consolidated balance sheet.
Operating expenses were $0.7 million in the fourth quarter of 2017, a 46% reduction compared to the fourth quarter of 2016.
The Company reported net loss for the fourth quarter of 2017 of $0.7 million, or ($0.04) per share, compared to net income of $15.4 million, or $0.43 per share on a fully diluted basis, in the prior-year period.
Results for the fourth quarter of 2016 included $14.7 million in unrealized and realized gains on investment in connection with the exercise of the Upside Warrant and sale of the related shares, as well as the recording of the Upside Warrant at fair value.
“I am pleased that we continue to keep operating expenses at a relatively stable and reduced level while we continue our concerted pursuit of acquisitions and other opportunities to create shareholder value,” said Jonathan Siegel, the Company’s Chief Executive Officer.
Fourth Quarter 2017 Results
For the fourth quarter ended December 31, 2017, Walker Innovation reported no revenue versus total revenue of $1.9 million in the prior-year period.
Management expects that the timing and results of patent prosecution and the Company’s enforcement proceedings relating to its intellectual property rights will fluctuate from period to period.
Total operating expenses for the fourth quarter 2017 were approximately $0.7 million versus $1.3 million in the prior-year period, primarily due to reduced overhead by eliminating positions and streamlining processes to conserve cash across its business.
Net loss for the fourth quarter of 2017 was $0.7 million compared to net income for the fourth quarter of 2016 of $15.4 million. Net loss per common share for the fourth quarter of 2017 was $0.04, compared to diluted net income per common share of $0.43 for the fourth quarter of 2016. Fourth quarter 2016 results included a non-cash, unrealized gain of approximately $7.6 million in connection with the ownership of the Company’s warrant to acquire shares of Upside and a realized gain of approximately $7.1 million in connection with the exercise and sale of 3.75 million shares associated with the warrant. The Company sold its remaining 12.65 million shares of Upside during the second quarter of 2017.
Liquidity and Capital Resources
As of December 31, 2017, Walker Innovation had $24.0 million in cash and no outstanding long-term debt on its consolidated balance sheet.
https://www.otcmarkets.com/stock/WLKR/news/Walker-Innovation-Announces-Fourth-Quarter-and-Full-Year-2017-Results?id=182346&b=y
Coast Live: Jay Walker on Upside and Better Business Travel
Published on Oct 30, 2017
How much if any does wlkr own of upside?
the ultimate internet sleeper with no debt and 24,000,000 in cash with management that actually was instrumental in the Internet position in our society today. The president started Priceline.
read his bio
perfect cypto or blockchain playe. .70 in cash per sh and you can buy for .54 attractive NOL as well. Patience will bring you a road you of gold.
buy recommendation on wklr perfect management players to announce blockchain business plan. Management Internet Pioneers
http://saadvisory.com/update/archive/January-16-2018.htm
Did you guys know of the writeup at SAAdvisory .com site. Very bullish. I dipped my toe in the water a couple days back and will add more when I get a sense of how this trades. GLTA
T
WLKR silently making it's move. Looking good
Something is up. WLKR Trying to move past the old 52 week High Of .56 Cents.
Walker Innovation (OTCQB: WLKR) owns and seeks to commercialize, license and enforce the unique portfolio of intellectual property developed by inventor and entrepreneur Jay Walker, who serves as the Company’s Executive Chairman. The Company has a history of performing innovation services that help companies improve their internal product and business development efforts. The Company’s current plan of operations includes the initiation of an effort to acquire, through merger, share exchange or other transactions, one or more operating businesses, or control of such operating businesses through contractual arrangements. Mr. Walker is best known as the founder of Priceline.com and has twice been named by TIME magazine as “one of the top 50 business leaders of the digital age.” Mr. Walker currently ranks as the world’s 1oth most patented living individual, based on U.S. patent issuances according to Wikipedia.
"Item 1.01 Entry into a Material Definitive Agreement.
Walker Innovation Inc. (the “Company”) entered into a Redemption Agreement dated as of June 2, 2017 (the “Redemption Agreement”) with The Upside Commerce Group, LLC (f/k/a Flexible Travel Company, LLC) (“Upside”), a company affiliated with Walker Digital, LLC (“Walker Digital”) the Company's controlling stockholder, to redeem 12,650,000 Upside Class A Common Shares. Simultaneously with the redemption on June 2, 2017, the Company acquired the Upside Class A Common Shares at a price of $0.06 per share pursuant to a warrant (the “Warrant”) previously granted to the Company by Jay S. Walker, the controlling stockholder of Walker Digital. The Upside Class A Common Shares were redeemed at $1.43182745 per share as approved by the Company’s Audit Committee and Board. Net proceeds from the transaction after giving effect to fees and the exercise price was approximately $16.8 million. After giving effect to the transaction described above, the Company no longer retains an equity interest in Upside.
"
i have only one request ...i have just started to accumulate a very serious position and there is ,thank god , a senile moron who thinks this stock is way too high at probably 25% of book value ...so PLEASE keep selling..." a fool and his money are stupid enough to get together in the first place " so please Mr Idiot keep selling ...thank you i will so enjoy spending your money
Upsides "First 100 Days"
NOTE: WLKR owns a large position in Upside.com
Upside - The Better Way to Buy Business Travel When You're Booking It Yourself -Celebrates Its "First 100 Days"
Employees From More Than 5,000 Companies Have Already Used Upside. Repeat Bookings Accelerate, Lower Airfares and Hotel Rates Delivered, Great Customer Gift Card Rewards on Every Trip, Fast and Easy Buying, and World Class Customer Service.
26 Apr, 2017, 08:00 ET
WASHINGTON, April 26, 2017 /PRNewswire/ -- Upside is marking its first 100 days since the launch of its revolutionary online business travel shopping service for unmanaged business travelers who book their own travel plans.
Upside is the first online travel service created specifically for the $165 billion U.S. market of business travelers from small and mid-sized companies who choose their own flights and hotel, and then get reimbursed by their company.
Since Upside's January launch, in addition to thousands of business travelers from small and mid-sized companies who have used Upside, Upside's key customer metrics have validated the company's value proposition and long-term prospects:
•More than 1 million people visited the Upside website; daily traffic currently averages over 10,000 visitors.
•Almost half of all customers have already bought a second trip from Upside within 60 days of completing their first trip.
•Savings on flights and hotel packages have averaged 9.7% below retail rates, and gift card rewards have averaged $162 per trip.
•Upside is fast approaching $1 million in gift card rewards given to travelers for helping their companies save money on business travel. Amazon.com, Target, and Whole Foods are the most popular gift card brands selected.
•Customer satisfaction is very high. Out a possible 5 stars, the average rating is 4.69. And, 83% of all customers give Upside 5 stars for excellence.
Upside also reported today that it has introduced a free app for the iPhone (see related release). Upside's iOS app is now available for download in the App Store. The App has already been featured in the App Store's "New Apps We Love."
"Business travelers from small and mid-sized companies have been seriously underserved for years," said Chairman, Founder and CEO Jay Walker. "Small businesses can't get volume discounts from airlines and hotels and, unlike very large companies, they can't get business-quality customer service. Upside changes all that."
Upside launched with 4 big promises:
1.Average savings of 5-15% on fully customized packages of flights and hotel. The traveler chooses the flights and hotel they want and the single package price allows Upside to secure special discounts;
2.A free gift card of typically $100-200 for travelers on every trip as a reward for being a little bit flexible on travel plans to help save their companies money. Gift cards can be used at more than 50 national retailers including Amazon.com, Whole Foods, Target, Nike, and The Home Depot. Travelers still get their frequent flyer miles and credit card points;
3.A simplified buying process that allows customers to buy a business trip in just a few minutes using the company's iOS app or website; and
4.World-class, 24/7 live, person-to-person customer service for any changes, cancellations, or questions.
"Upside is delivering on these promises and more. We promised to provide business travelers from small and mid-sized companies with a better, faster way to buy," said Walker. "With each day that passes, more business travelers that work for small and medium-sized organizations are realizing that Upside is the only service designed specifically for them."
Upside's most intriguing metrics include customer data that counter the myth that business travelers are inflexible when it comes to itineraries and package buying.
"Upside's performance data has disproved the myth that business travelers are inflexible when it comes to their travel choices," said Upside President Scott Case. "If travelers are given a personal incentive for being a little bit flexible with their travel plans, they are willing to choose less expensive options that still meet their needs and save their companies money."
During Upside's first 100 days, approximately 25% of business travelers voluntarily chose itineraries that substituted less expensive flights and hotels in return for greater savings and a higher gift card amount.
"We expect that number to grow rapidly," said Case. "And we are ready to serve that increased demand. Upside's technology systems were built to handle the entire US business travel volume from small and mid-sized companies – approximately 150,000 purchases per day."
Each traveler can be rewarded for being flexible on every itinerary. Upside's proprietary algorithms score every flight and hotel combination to meet the travelers' requirements and from there "curates" the 6 best flights options and 6 best hotel options. Once a customer selects their flight and hotel, Upside shows the gift card amount earned.
"Then it gets even better," said Jonathan Ellenthal, Upside co-founder and Chief Growth Officer. "We show the traveler a few additional options they might want to take – for example, stay at a hotel a few blocks further from their initial location or a hotel with a slightly lower star rating, perhaps make a stop on the way home, or take a flight that departs a little earlier or a little later. These kinds of changes can be worth a small fortune, yielding greater company savings and a bigger gift card for the traveler."
"The reason people believed business travelers couldn't or wouldn't be flexible on their travel arrangements," Ellenthal continued, "was because, until now, no one had figured out how to value that flexibility. For the very first time, business travelers' flexibility has real value and can be exchanged for savings and gift card rewards. That's what makes Upside a win-win-win for business travelers, their employers, and suppliers who have alternative travel itineraries to offer."
Big Data software technology makes Upside a fast, easy experience. Upside does all the work for the customer, pre-processing one billion flight records and 500 million hotel records every day. Travelers simply indicate where they're going, when they need to get there, and what kind of hotel they want. In seconds, Upside finds a handful of options that satisfy the trip requirements. Using Upside's iOS app or website, customers can make their purchases in five minutes or less.
Package pricing enables Upside to offer below-market rates from leading brands of airlines and hotels. Since Upside Packages never break out costs for "just the flight" or "just the room," airlines and hotels can offer significant discounts in a way that doesn't undercut advertised retail pricing in other venues. With private discounts embedded in package pricing and an incentive system that motivates travelers to make better choices, Upside can serve the cost and rewards conscious business traveler in unprecedented ways.
"It's been a great first 100 days," Jay Walker concluded. "The future of buying business travel is here today. The Upside revolution has been embraced by a growing segment of the business travel market. Looking ahead, we are focused on continuing to make Upside the first and best choice for the business traveler from small and medium-sized companies."
ABOUT UPSIDE
Upside serves the $165 billion segment of business travelers who work for small and mid-sized companies. These companies don't qualify for volume discounts or special deals from travel suppliers and can't get the kind of customer service they need. Upside uses new thinking and new technology to save companies money, deliver a big reward for travelers on every trip, simplify the buying process, and provide 24/7 human customer service.
Upside's business model is unique - travelers typically get $100-$200 in free gift cards for buying their flights and hotel for a single price, which allows Upside to obtain private discounts from suppliers, and for substituting less expensive but equally effective travel options, travelers get bigger savings and a bigger gift card reward. Gift cards can be used at more than 50 national retailers including Amazon.com, Whole Foods, Target, Nike, and The Home Depot.
Upside was created and launched by Priceline Founder Jay Walker and a team of travel industry innovation pioneers, including several members of Priceline's founding team. With Upside, the days are over when business travelers from small and mid-sized companies have to spend more and settle for less than leisure or big-company travelers. Upside is the better way to buy business travel when the customer is booking it themselves.
http://www.prnewswire.com/news-releases/upside--the-better-way-to-buy-business-travel-when-youre-booking-it-yourself-celebrates-its-first-100-days-300445911.htm
Forbes: The Five CEOs Who Are Reinventing Industry Through Digital
NOTE: WLKR owns a large position in Upside.com
As executives, entrepreneurs and investors seek significant growth the greatest return is often in reinventing an entire industry; the larger the industry, the greater the reward.
Of the 750 CEOs I’ve interviewed, I thought it would be important to highlight five – those who are reinventing entire industries. All have two things in common: large industries, and solutions now available because of emerging technology and ingenuity. These industries include: golf, travel, retail, online transactions, and even hair transplants! The five transformative CEOs are:
Jay Walker: Upside has invented a Big Data software technology called a “Flexibility Engine.” Every 24 hours our Flexibility Engine searches, analyzes, scores and ranks 3 terabytes of data – the entire travel industry database of 100,000+ commercial airline flights and 750,000 hotel rooms available that day. It finds the 6 best “needles in the haystack” – air and fight choices - for each business traveler and each trip. If the traveler is a tiny bit flexible on which business-quality flights or hotels they choose, they can save significant additional money for their company and earn a gift card reward for themselves worth $200 or more at their choice of 50 top national retail stores.
The Flexibility Engine applies to much more than just business travel. The principles of one-price packages with concealed discounts, combined with using incentives to “steer” customers to lower-priced options, can transform complex, multi-billion-dollar industries where the people who buy the product or service are not price-driven because they’re not the payers. Think health care and insurance, for example.
https://www.forbes.com/sites/robertreiss/2017/04/26/the-five-ceos-who-are-reinventing-industry-through-digital/#574b71fe4da4
Spring travel deals: New apps, old-school strategies
Christopher Elliott, Special for USA TODAY 6:02 p.m. ET March 19, 2017
When Lee Speight was looking for a deal on a weekend trip from Richmond, Va., to Seattle, he started with Google Flights. The best price for an advance purchase fare was about $775.
Not bad. Could he do better?
Speight remembered a new travel site he'd heard about called Upside.com, which offers discounted hotel and airline packages bundled with gift cards as incentives. He tried it and found that for $5 less than the airfare, he could book a hotel room, too — once you factored in the value of the plastic.
"I estimate I saved about $285," says Seight, who works for a biotechnology company in Richmond.
Can you do better? If we didn't keep asking that, what kind of travelers would we be? This spring, there's a new group of sites ready to satisfy your appetite for a bargain. They're worth checking out before you check in.
http://www.usatoday.com/story/travel/advice/2017/03/19/travel-deal-website-app/99297512/
Under The Hood: The Tech Driving DC Travel Startup Valued at $200M
3/8/17
Despite its pedigree, travel site Upside Travel isn't super well-known - yet.
Jay Walker, the founder of Priceline.com, started the D.C.-based business travel discount site in 2016. Upside Travel closed a $50 million round in January, putting it at a $200 million valuation. So what is behind the young company's rapid growth? Upside's tech leader says it relies on big data analytics to do 98 percent of the shopping for its users.
"In the old way of doing travel shopping, you would spend an hour longer digging through Travelocity or Google Flights or Kayak or another one of a dozen sites, and try to figure out between expensive flights and cheaper flights," Upside Travel's Senior Vice President of Engineering Emily Dresner told DC Inno.
"What Upside does is we collect three terabytes of airline and hotel data every single night and we pre-process it and use algorithms and some basic machine learning to go through the data and match it against the preferences that you gave us."
But the site did just launch publicly in mid-January, so it's still fairly new. Here's how it works: The site sells flights and hotel bundles, never disclosing how much the flight or hotel is separately and offering travelers a special discount. Upside also tries to incentivize travelers to adjust their schedule, such as suggesting they stay at a hotel a bit further away or taking an earlier or later flight, by offering gift cards in the equivalent of the savings.
It's the tech team's approach to travel that sets them apart from competitors, though. Dresner said that the team has a contract with flight data tracking company Sabre, which is standard across the industry, to use their data to refresh their prices and deals every single night, which others don't do. Upside Travel holds on to each day's data in caches for up to 48 hours, cycling out old hotel and airline prices as the information fluctuates and changes.
"We only hold that three terabytes of data for a rolling 48 hours," Dresner said. "However, that amount of data is incredibly valuable to our data science team, so we send all of that data into a data lake and we hold on to all of that data there."
The current setup allows the data science team to dig through all of the data ever collected (which, if you didn't know, is a. lot.), and see how much they've saved travelers and how they've profited as a company.
At first, Upside relied on travel experts to decide which flight and hotel deals to offer and when to offer them. Now, the team is in the process of lining up the customer data collected with what the tech team has in their caches to see what is missing and what might not need to be there anymore.
"If we know that customers like to fly from New York to Miami, and we are missing some New York to Miami, we need to go back to our suppliers and say 'Hey, we need to change what we're getting right now from the feed,'" Dresner said.
Dresner's team doesn't maintain servers and code is automated through Slack. "We can push code out in the speed of light through Slack commands," she said. "We don't actually touch anything, we just write to some bot in Slack and magic happens and code is deployed and things break."
And, of course, Dresner said that Upside Travel is always looking to add to its 35-person engineering team, placing an emphasis on diverse hiring and on full-stack and Javascript front-end and back-end developers.
"We would like every full-stack, node JS developer in the D.C., Maryland, Virginia area," Dresner said with a slight chuckle.
Dresner and Upside did not comment on the number of users their platform is handling, but noted the company has deals with 1,200 hotels as of the closing of its funding round in mid-January and continues to add flights daily. Judging by the amount of cash they raised rapidly from investors like Red Ventures and Leucadia National Corp., others see the potential for substantial continued growth.
http://dcinno.streetwise.co/2017/03/08/under-the-hood-the-tech-driving-dc-travel-startup-valued-at-200m/
News from a few days ago and more on the way. I used upside the other day; website is very user friendly, prices very competitive, am over good experience.
http://www.grindtv.com/travel/travel-startup-wants-to-turn-your-business-trip-into-a-vacation/#yvizAtxzStz5SEJX.97
WLKR owns 11% of Upside.com...
During the fourth quarter, the Company recorded a realized gain of approximately $7.1 million in connection with its exercise and sale of 3.75 million shares associated with its warrant to acquire shares of Upside. The Company also recorded a non-cash, unrealized gain of approximately $7.6 million in connection with the ownership of its warrant to acquire shares of Upside. The Company still holds a warrant to purchase 12.65 million shares or approximately 11% of Upside on a fully diluted basis.
http://www.businesswire.com/news/home/20170207006291/en/Walker-Innovation-Announces-Fourth-Quarter-Full-Year
Walker Announces Fourth Quarter and Full Year 2016 Results
Fourth Quarter 2016 Highlights
- The Company recorded a realized gain of approximately $7.1 million in connection with its exercise and sale of 3.75 million shares associated with its warrant to acquire shares of The Upside Commerce Group, LLC (“Upside”), a new business travel service founded and launched by Jay Walker.
- The Company recorded a non-cash, unrealized gain of approximately $7.6 million in connection with the ownership of its warrant to acquire shares of Upside. The Company still holds a warrant to purchase 12.65 million shares of Upside.
- The Company recognized revenue of approximately $1.9 million during the fourth quarter of 2016 compared to $2.0 million for the fourth quarter 2015.
- The Company reported net income for the fourth quarter of 2016 of $15.4 million, or $0.43 per share on a diluted basis, compared to a net loss of $0.4 million, or a loss per share of $0.02, in the prior-year period.
- As of December 31, 2016, Walker Innovation had $10.3 million in cash and no outstanding long-term debt on its consolidated balance sheet.
http://www.businesswire.com/news/home/20170207006291/en/Walker-Innovation-Announces-Fourth-Quarter-Full-Year
$wlkr owns 10% of Upside, valued at $200M. Only a matter of time before people realize this is way undervalued.
Such a great play that nobody knows about yet
Upside.com's national survey of business travelers shows overwhelming desire for a better way to buy business travel
https://www.traveldailynews.com/post/upsidecoms-national-survey-of-business-travelers-shows-overwhelming-desire-for-a-better-way-to-buy-business-travel
Thank you for that Link on Ticker Business Update, Much Appreciated.
i have my buy in, should be some big buys coming in after the open.
About Time the Word got out on this little Gem :)
Holding since the beginning and for the BIG Money pps eventually.
tomorrow is going to be a big money day https://www.bloomberg.com/amp/news/articles/2017-01-16/priceline-co-founder-raises-50-million-for-new-travel-venture
WLKR back to life selling warrants in Upside travel just raised $7.2m in cash. Shares coming around a bit.
Full press release with financials...
http://www.sec.gov/Archives/edgar/data/1294649/000114420416088161/v433878_ex99-1.htm
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