After it gets back on the board - anybody's guess really. I suspect there will be some selling pressure from people (small holders) who are just waiting to bail. There is also likely to be some significant financing event, in an attempt to establish the true value of the stock.
Much will depend on the announcements that happen when it does re-list. The new CEO is a good operator, I remember him from CDO days. He is likely to want all bad news out, blamed squarely on previous management, and he is likely to be very positive about future prospects for ABS.
If the big end of town believes him, yes, the sp will likely head north.
ABS Price at posting:
54.0¢ Sentiment: Hold Disclosure: Held