Walker...YCKM.....
The odds probably favor that the mobile communications products firm will most likely be the RM candidate, but I think the primary question here is exactly what will the final structure of the RM look like and the current/future valuation.
Part of what makes it difficult to determine/guess what the final structure might look like is the fact that the controlling shares were apparently sold to an intermediary person and not directly to the probable RM candidate itself. I'm unsure if the intermediary will transfer/sell those shares to the new RM company or just keep them and they become part of the "original" shell share structure. Assuming they do not reverse split the stock prior to any RM, the final share count after the RM could be in the range of 550M to 2.3 billion (if the original shell owners retain 5-10% of the new company).
With a current share structure of 115+M shares the YCKM shell has a market cap of $20+M, so the shell is pretty richly valued at this moment in time. Plus there is still some debt on the books which will need to be addressed if the RM candidate doesn't wish to absorb it.
The world of shell investing is a pretty interesting thing. I get private messages from people saying that the SUIP shell is "way too expensive" in the 5-15 cent area (6.3M shares outstanding, $300K-$1M market cap), but those same people don't seem to have any concerns whatsoever about buying YCKM at a $20+M valuation. Interesting.
AI
