What's really going on with Appen's business? Please, it's not about regaining a lost SP – it's more akin to an illusion of a recovery in SP. Turnaround mode? Not much to turnaround now.
More like a perpetual state of denial, grown arse adults searching for the end of a rainbow, it's even got a false profit of happy to gaslight their own history. With a 99% loss, the bubble burst and the shards have been burnt. With only 1% left, the only question is, who will clean up the residue?
And as for the Hot copper profile – calling it 'starting to rot' is far too kind. It's more like a graveyard of bad ideas and misinformation, filled to the brim with the corpses of holders stuck deep in the red, each one clinging to their version of a miracle recovery.
Maybe holders should start a thread titled 'APX Recovery Support Group'?
APX: The only question of merit is if the 1% that remains has any value? Can lipstick be put on the pig and sold, or will it just be flesh for the vultures.
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What's wrong with Appen's business?, page-72
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