I'd say that's definitely a fair assessment it really depends on the release of the financials, if they are not out in 2011 a dip in the .06's or .07's is certainly possibly. Primarily because it means that the company did not keep their word, just as they said they would be out by the end of Summer and they weren't, you can only cry wolf so many times before people stop listening.
If the company wants the stock to go to $6 or $8 bucks they could probably do it, I believe they will certainly have the fundamentals back it up so they can make it happen but it will take $$$ and effort on their part.
Audited financials are the first step in the right direction. I once read on iHub someone say audited fins are the holy grail of pumps....lol...that is very true.
But your right this is going to take time to get past a buck, probably not going to happen overnight because there is going to be overhang to get through first.