Edition:
India

Yuma Energy - Significant Uncertainty Exists As To Viability Of A Restructuring And Company's Ability To Continue As A Going Concern


Tuesday, 21 May 2019 

May 21 (Reuters) - Yuma Energy Inc ::YUMA ENERGY, INC. REPORTS UPDATED CORPORATE DEVELOPMENTS.YUMA ENERGY INC - DURING Q1 AND CONTINUING TO DATE, COMPANY HAS TAKEN SIGNIFICANT STEPS TO REDUCE CORPORATE OVERHEAD.YUMA ENERGY INC - SIGNIFICANT UNCERTAINTY EXISTS AS TO VIABILITY OF A RESTRUCTURING AND COMPANY'S ABILITY TO CONTINUE AS A GOING CONCERN..YUMA ENERGY INC - REDUCTIONS WILL BE REFLECTED IN COMPANY'S Q2 RESULTS..YUMA ENERGY INC - ADDITIONAL COST CUTTING MEASURES ARE BEING CONSIDERED.YUMA ENERGY INC - RESTRUCTURING MAY INVOLVE SALE OF EXISTING COMMERCIAL BANK LOAN TO A THIRD PARTY.YUMA ENERGY INC - ADDITIONAL COST CUTTING MEASURES ARE BEING CONSIDERED.YUMA ENERGY - ADDITIONAL COST CUTTING MEASURES TO BE IMPLEMENTED WHEN DETERMINED THAT THOSE REDUCTIONS WILL NOT IMPAIR CO'S ABILITY TO MANAGE BUSINESS. 

Company Quote

2.68
0.03 +1.13%
19 Jul 2019