Yuma Energy Inc. (YUMAQ)

[Chronic The Hemp Hog]

Well there was news on Friday with earnings and other disappointments and short of a miracle, like another company acquiring YUMA, I don't see a short term path to recovery (share price).
What I don't understand is could Yuma not have done another stock offering at lets say $.80 a share or thereabouts? I know they just completed one not too long ago but taking a 20% whack is better than taking 50%-60%. It at least gives investors a chance to fight another day. This was like a bomb was dropped all over. No one saw it coming except in hind-site the fact that the well production was news was over due and that should have been a clue. No earnings announcement was also another clue, but with oil at $70+ I didn't really care or pay attention.