I think the AFR article spooked people a bit - and it was known...

I think the AFR article spooked people a bit - and it was known to many last week that it was coming due to the journalist calling around. AFR has great power to spin things and emphasize certain issues over others, even if the article was error ridden (e.g. the moving season is summer not autumn/winter).

Still a couple of weeks before the 4C out, so could easily trade down further in meantime until there's news from the company.

The path to $3 may go down through 90c first - that's just the way the stock market works. Almost impossible to pick bottoms except by luck.