My guessitmate is that it will open at $3... trade between the range $2.80 - $3.50 today, anywhere under $3 you are doing well. Institutions will pile back in I reckon and there will be some short covering as well.
There was a valuation on bloomberg at around $4 a share for a broker but they had it on HOLD, so I think this hold will be taken off now and change to a BUY.