I don't know if that's what it means. If your interpretation is correct though, the empty shell would still hold significant value, especially with the attractive SS. The shell is basically in a gas and go condition. No baggage, no restructuring needed, debt free.
Look at all of the companies that merge with dirty shells and then have to sort all of that stuff out before they can move forward. This shell, in this state is like a hot commodity in the business world.
$ASFX