Not really. A 1 for 10 reverse split, YUMA gets a $4.1 million cash infusion, to stave off debt holder, and the asset base of the new combined company is enhanced.
Now it will be interesting to watch and see if this will be enough to ride out the current oil price depression.
Buying shares here all depends on whether you believe there will be some catalyst to boost oil prices, in the short term.
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