Walker Innovation Inc fka WLKR

[MoneyMan]

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