Agree with your take on the share drop. Certainly things have not been easy for Silverjet, especially when you only start with a single aircraft and problems will happen. If you look back about a year or so ago, Maxjet was having all sorts of reliabilty problems when they first started, but have survived, and now have a very worthwhile product.
Silverjet should have five aircraft by March 08, and I believe the new destination will be announced with the Aug traffic figures, early next month or very soon after. The share price should then start to climb, especially as the second daily EWR is to start on 21 Sept(no further delays we hope).