Wow. Luckily I missed that rapid drop this morning. It would have freaked me as well.
Certainly a well timed announcement and definitely should have been marked price sensitive.
Let's hope the rest of the recovery story falls into place. This new boss has already proven himself in spades. The multi-million dollar deals usually take forever and he has organised and finished a number in a short space of time, and amid the chaos that must have been going on within the organisation.
It's still not really trading like a winner, but at least we know, judging by today's announcement, that it's not a leaky ship. I guess that is why the market is finding it hard to find direction.