A loss of 200 jobs could in fact be positive for the share...

A loss of 200 jobs could in fact be positive for the share price. It is common knowledge that the company is looking for measures to lower costs and reduce cash burn. I think todays activity needs to be viewed in the context of the irrational selling that has hit almost every stock at some point over the month of July. As of 15 July there was almost 3M shares shorted; quite possible this was added to today. I wouldn't rule out a sharp bounce back to 70c before the weekend.