I'm no expert on these things but there is mention of a dead cat bounce if you google it. Why I don't realy know maybe the company has a little cash that they use to help out the common share holders and then use it for a write off who knows but it has been well documented but I have yet to find out realy why.
Not much help am I to your question.for what it is worth I sold took a great loss being I bought at $.35 on average and held four thousand shares.