Question Kernel build issue: gen_initramfs_list.sh Cannot open destinasion

Hey

I am having a hickup regarding a kernel, upon building SlimBean Rom.
error:
 
Target boot image: out/target/product/p6800/boot.img
make -C kernel/samsung/smdk4210 O=/home/userx/Android/SLIM/out/target/product/p6800/obj/KERNEL_OBJ ARCH=arm CROSS_COMPILE=" /home/userx/Android/SLIM/prebuilts/gcc/linux-x86/arm/arm-eabi-4.7/bin/arm-eabi-" CONFIG_INITRAMFS_SOURCE=out/target/product/p6800/root zImage
----- Making recovery filesystem ------
mkdir -p out/target/product/p6800/recovery
mkdir -p out/target/product/p6800/recovery/root
mkdir -p out/target/product/p6800/recovery/root/etc
mkdir -p out/target/product/p6800/recovery/root/tmp
Copying baseline ramdisk...
cp -R out/target/product/p6800/root out/target/product/p6800/recovery
rm out/target/product/p6800/recovery/root/init*.rc
Modifying ramdisk contents...
cp -f device/samsung/smdk4210-tab/recovery.rc out/target/product/p6800/recovery/root/init.rc
make[1]: Entering directory `/home/userx/Android/SLIM/kernel/samsung/smdk4210'
cp -f out/target/product/p6800/obj/EXECUTABLES/recovery_intermediates/recovery out/target/product/p6800/recovery/root/sbin/
rm -f out/target/product/p6800/recovery/root/init.*.rc
mkdir -p out/target/product/p6800/recovery/root/system/bin
cp -rf bootable/recovery/res out/target/product/p6800/recovery/root/
cp -f device/samsung/p6800/recovery.fstab out/target/product/p6800/recovery/root/etc/recovery.fstab
cp out/target/product/p6800/obj/PACKAGING/ota_keys_intermediates/keys out/target/product/p6800/recovery/root/res/keys
cat out/target/product/p6800/root/default.prop out/target/product/p6800/system/build.prop \
> out/target/product/p6800/recovery/root/default.prop
Modifying default.prop
sed -i 's/ro.build.date.utc=.*/ro.build.date.utc=0/g' out/target/product/p6800/recovery/root/default.prop
----- Made recovery filesystem -------- out/target/product/p6800/recovery/root
target Dex: core-junit
Copying: out/target/common/obj/JAVA_LIBRARIES/ext_intermediates/noproguard.classes.jar
Copying: out/target/common/obj/JAVA_LIBRARIES/bouncycastle_intermediates/classes.jar
Copying: out/target/common/obj/JAVA_LIBRARIES/android-support-v13_intermediates/classes-jarjar.jar
target SharedLib: libcorkscrew (out/target/product/p6800/obj/SHARED_LIBRARIES/libcorkscrew_intermediates/LINKED/libcorkscrew.so)
target SharedLib: libhardware (out/target/product/p6800/obj/SHARED_LIBRARIES/libhardware_intermediates/LINKED/libhardware.so)
target SharedLib: libsecion (out/target/product/p6800/obj/SHARED_LIBRARIES/libsecion_intermediates/LINKED/libsecion.so)
target SharedLib: libwpa_client (out/target/product/p6800/obj/SHARED_LIBRARIES/libwpa_client_intermediates/LINKED/libwpa_client.so)
target SharedLib: libnetutils (out/target/product/p6800/obj/SHARED_LIBRARIES/libnetutils_intermediates/LINKED/libnetutils.so)
target SharedLib: libaudioutils (out/target/product/p6800/obj/SHARED_LIBRARIES/libaudioutils_intermediates/LINKED/libaudioutils.so)
target SharedLib: libstagefright_yuv (out/target/product/p6800/obj/SHARED_LIBRARIES/libstagefright_yuv_intermediates/LINKED/libstagefright_yuv.so)
Install: /home/userx/Android/SLIM/out/target/product/p6800/system/lib/libcutils.so
Install: /home/userx/Android/SLIM/out/target/product/p6800/system/lib/libicui18n.so
target Symbolic: libjpeg (out/target/product/p6800/symbols/system/lib/libjpeg.so)
target Symbolic: libusbhost (out/target/product/p6800/symbols/system/lib/libusbhost.so)
target Symbolic: libbluedroid (out/target/product/p6800/symbols/system/lib/libbluedroid.so)
target Symbolic: libdbus (out/target/product/p6800/symbols/system/lib/libdbus.so)
target Symbolic: applypatch (out/target/product/p6800/symbols/system/bin/applypatch)
target Symbolic: libbluetooth (out/target/product/p6800/symbols/system/lib/libbluetooth.so)
target Symbolic: bugreport (out/target/product/p6800/symbols/system/bin/bugreport)
target Symbolic: dnsmasq (out/target/product/p6800/symbols/system/bin/dnsmasq)
target Symbolic: dump_image (out/target/product/p6800/symbols/system/bin/dump_image)
target Symbolic: dumpstate (out/target/product/p6800/symbols/system/bin/dumpstate)
target Executable: e2fsck (out/target/product/p6800/obj/EXECUTABLES/e2fsck_intermediates/LINKED/e2fsck)
Install: /home/userx/Android/SLIM/out/target/product/p6800/system/lib/libext2fs.so
target Symbolic: erase_image (out/target/product/p6800/symbols/system/bin/erase_image)
target Symbolic: flash_image (out/target/product/p6800/symbols/system/bin/flash_image)
target Symbolic: installd (out/target/product/p6800/symbols/system/bin/installd)
target Symbolic: keystore_cli (out/target/product/p6800/symbols/system/bin/keystore_cli)
Install: /home/userx/Android/SLIM/out/target/product/p6800/system/bin/make_ext4fs
GEN /home/userx/Android/SLIM/out/target/product/p6800/obj/KERNEL_OBJ/Makefile
target Symbolic: mdnsd (out/target/product/p6800/symbols/system/bin/mdnsd)
target Symbolic: mke2fs (out/target/product/p6800/symbols/system/bin/mke2fs)
target Symbolic: mtpd (out/target/product/p6800/symbols/system/bin/mtpd)
target Symbolic: libeffects (out/target/product/p6800/symbols/system/lib/libeffects.so)
target Symbolic: ndc (out/target/product/p6800/symbols/system/bin/ndc)
target Symbolic: libsysutils (out/target/product/p6800/symbols/system/lib/libsysutils.so)
target Symbolic: libmdnssd (out/target/product/p6800/symbols/system/lib/libmdnssd.so)
CHK include/linux/version.h
target Symbolic: pppd (out/target/product/p6800/symbols/system/bin/pppd)
CHK include/generated/utsrelease.h
target Symbolic: qemu-props (out/target/product/p6800/symbols/system/bin/qemu-props)
target Symbolic: qemud (out/target/product/p6800/symbols/system/bin/qemud)
Using /home/userx/Android/SLIM/kernel/samsung/smdk4210 as source for kernel
target Symbolic: racoon (out/target/product/p6800/symbols/system/bin/racoon)
target Symbolic: radiooptions (out/target/product/p6800/symbols/system/bin/radiooptions)
target Symbolic: screenshot (out/target/product/p6800/symbols/system/bin/screenshot)
target Symbolic: sec_keyboard (out/target/product/p6800/symbols/system/bin/sec_keyboard)
make[3]: `include/generated/mach-types.h' is up to date.
target Symbolic: setup_fs (out/target/product/p6800/symbols/system/bin/setup_fs)
target Symbolic: tune2fs (out/target/product/p6800/symbols/system/bin/tune2fs)
CALL /home/userx/Android/SLIM/kernel/samsung/smdk4210/scripts/checksyscalls.sh
target Symbolic: vdc (out/target/product/p6800/symbols/system/bin/vdc)
CHK include/generated/compile.h
target Symbolic: libdiskconfig (out/target/product/p6800/symbols/system/lib/libdiskconfig.so)
/home/userx/Android/SLIM/kernel/samsung/smdk4210/scripts/gen_initramfs_list.sh: Cannot open 'out/target/product/p6800/root'
make[3]: *** [usr/initramfs_data.cpio] Error 1
make[2]: *** [usr] Error 2
make[2]: *** Waiting for unfinished jobs....
target Symbolic: wpa_cli (out/target/product/p6800/symbols/system/bin/wpa_cli)
target Symbolic: wpa_supplicant (out/target/product/p6800/symbols/system/bin/wpa_supplicant)
target Symbolic: ip-up-vpn (out/target/product/p6800/symbols/system/etc/ppp/ip-up-vpn)
make[1]: *** [sub-make] Error 2
make[1]: Leaving directory `/home/userx/Android/SLIM/kernel/samsung/smdk4210'
make: *** [out/target/product/p6800/boot.img] Error 2
make: *** Waiting for unfinished jobs....
Elapsed: 31 min(s) 34 sec(s)



I checked the .config after make slim_p6800_defconfig and the CONFIG_INITRAMFS_SOURCE is set to empty. I can make the kernel fine, but when building rom it stops with above error.

What am I looking at here?
2010 - P1000 : CM10
2012 - P6800 : CM10