share price recovery

Commiserations to those caught in the tsunami that has ensued today, but for now let's focus on share price recovery. Im not trying to dismiss today's announcement at all, but rather look at the facts.

Share price $1.70 Pre Ann.
Low of 0.50 today
Finish of 0.70

The share price is closer to the low than it is the previous close (to state the bleeding obvious), so surely there is a certain amount of recovery to come (if just looking at the rubber band effect).

For me I think $1.00 is not out of the question.

They have no debt for one.

eMark