The pypi version works fine.

However, fter installing the latest recommonmark this commit on GitHub by:

pip install git+https://github.com/rtfd/recommonmark

The image code gets broken:

![alt text](images/example.png)

is translated into

<p><img alt="_images/example.png" src="_images/example.png" />alt text</p>

instead of the correct one:

<img alt="alt text" src="_images/example.png" />