The price of common stock will go back up some once the rights offering is completed but the float is still being diluted.  140M additional shares at $1.25 will be added to the current oustanding float of just over 100M.  The market multiple will have to expand to support the pre-offer stock price.  (ask your posturing lumber/plywood industry know-it-all walking around with their chest pumped out if they think that will happen)