#Drive shack earnings call professional#

The company expects its securities to be delisted from the NYSE on January 3, 2023.Īfter going dark, the company’s shares will no longer be publicly traded in a regulated market. The company noted that “low trading value, and the resulting low-volume of trading, limits our securities’ liquidity, 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 and otherwise enjoy the traditional benefits of being a publicly traded company.”Īccording to Morningstar, Drive Shack stock was trading in a range of $0.18 to $0.21 on Thursday the year range is $0.15 to $1.97. Furthermore, the reduction in time spent by our management and employees complying with the requirements applicable to SEC reporting companies will enable them to focus more on managing the Company’s businesses and growing stockholder value, with a focus on long-term growth without an undue distraction by short-term financial results and stock price movement. “Following going dark, being a non-reporting company will not preclude opportunities for the Company to achieve significant growth. “Going dark” will allow management and employees to focus on running the business-without being distracted by the requirements of being a publicly traded company. The delisting doesn’t “preclude opportunities for the company to achieve significant growth,” Drive Shack noted in a FAQ that elaborated on the news announcement. Puttery has since expanded to five locations. An “undue distraction”ĭrive Shack is the company behind the Puttery brand, a modern spin on mini-golf, which debuted in North Texas at The Colony’s Grandscape in 2021.

#Drive shack earnings call professional#

The company points to its “current inability to realize the traditional benefits of public company status” and expected cost savings.ĭespite that lack of benefits, the company said, “we incur all of the significant annual expenses and indirect costs associated with being a public company.” Indirect costs include the professional fees of lawyers and accountants, as well as printing, mailing, and other costs necessary to comply with SEC reporting and compliance requirements. In a news release this week, the company said it intends to “go dark” on the exchange after receiving a notice that its securities were not in compliance with NYSE standards.ĭrive Shack’s board-along with management and outside counsel-determined that delisting is the best path forward. Dallas-based Drive Shack Inc., which owns and operates golf-related leisure and entertainment businesses, plans to voluntarily delist from the NYSE. Now all of a sudden it Only shows up in a totally different state and with exact name search. Is there something I could do to send signals to Google to show that I am in Matthews, NC?Ģ months ago my listing quit showing up at all unless you typed exact business name What could possibly cause my listing or Google to do this? I have been without my listing for a few months now and have NO calls coming in from it. If you search Locksmith Independence, KS it shows up on the maps. If you search Locksmith Matthews, NC my listing does not show up at all.

Keep in mind the GMB is in Matthews, NC All my service areas and the actual map show the correct areas.

Now if I search my business name under the auto populate I see it with Independence, KS on the listing.

I pretty much do not have any traffic, views or calls now. Posted about my SAB listing a few weeks ago about not showing up in search only when you entered the exact name.