I think that is very optomistic, why would you sponge at $1.75 when it will fall a lot further? Plenty of people looking to get out regardless of price of which i am one.
I think it will be below $1, hopefully bounce up a little but unless we get some good news, the holders over the passed three or so years will treat this stock with the respect they have been treated.
Anyway, my fingers are crossed for good news.