I think today's the dayThe market has had 2 days to absorb the financing news
The stock hasn't closed below $1.95 since it was announced
If it was going to, it would already have done so.
The news has been "baked in" to the market.
Yesterday's recovery off the low wasn't one for the history books, but nevertheless the stock recovered 7% in a flat market.
In very short order, the stock has run from $1.50 to $2,24, corrected to $1.65, and has consolidated nicely with closes at $1.95 or better in the last 5 sessions.
I was wrong about the stock openiung at $2.20 or better on the news, but today is the day the line of least resistance reasserts itself.