Possibly. The other alternative would be a rights issue which shareholders like me would be happier about.
The SP could snap back quickly as the fall has not be on the back of much volume. This is not a stock where everyone is rushing for the door, just a lack of buying demand. The serious buyers are rightly sitting on the sideline waiting for the impatient to sell out at giveaway prices. You can't really do much other than wait or buy.
EGA Price at posting:
19.0¢ Sentiment: Buy Disclosure: Held