![]() ![]() Despite the lack of these benefits, we incur all of the significant annual expenses and indirect costs associated with being a public company. ![]() The low trading value, and the resulting low trading volume, limits our securities’ liquidity and affects our ability to raise capital from the public markets, effectively use our securities as transaction consideration, attract interest from institutional investors or market analysts or otherwise realize the traditional benefits of being a publicly traded company. The Company received a notice that its securities are not in compliance with the continued listing standards of the NYSE, and in response has evaluated its options to remain listed or to go dark and has determined that going dark is the best path for the Company due to expected cost savings and the Company’s current inability to realize the traditional benefits of public company status. (together with its subsidiaries, “Drive Shack”, “we”, “us” or the “Company”) (NYSE: DS), a leading owner and operator of golf-related leisure and entertainment businesses, announced today its intention to voluntarily delist from the New York Stock Exchange (“NYSE”) and to deregister its common stock under Section 12(b) and Section 12(g) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and suspend its reporting obligations under Section 15(d) of the Exchange Act. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities.DALLAS–(BUSINESS WIRE)–Drive Shack Inc. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. To calculate DRIVE SHACK's market, we take the total number of its shares issued and multiply it by DRIVE SHACK's current market price. Market capitalization usually refers to the total value of a company's stock within the entire market. Annual Net Loss to common stockholders was (30.31 M) with gross profit of 46.79 M.Ībout 16.0% of the company shares are held by company insidersĭRIVE Market CapitalizationThe company currently falls under 'Micro-Cap' category with a market capitalization of 15.48 M. The entity generated the yearly revenue of 281.86 M. When we think about DRIVE SHACK's use of debt, we should always consider it together with cash and equity. Debt, in this case, can be an excellent and much better tool for DRIVE to invest in growth at high rates of return. However, a more frequent occurrence is when companies like DRIVE SHACK INC sell additional shares at bargain prices, diluting existing shareholders. So, DRIVE SHACK's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. Debt can assist DRIVE SHACK until it has trouble settling it off, either with new capital or with free cash flow. ![]() ![]() DRIVE SHACK INC has a current ratio of 0.62, implying that it has not enough working capital to pay out debt commitments in time. The company reports 60.25 M of total liabilities. DRIVE SHACK INC is not yet fully synchronised with the market dataĭRIVE SHACK INC has some characteristics of a very speculative penny stockĭRIVE SHACK INC has a very high chance of going through financial distress in the upcoming years ![]()
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