I will refer you all to the numerous posts outlining the failed strategy of this company, outdated, irrelevant labour hire business, inability to pivot, and a bleak outlook for cash burn vs income generation as Appen becomes increasingly obsolete and out of touch with the rapidly evolving IT pace.
Multiple HC users have elaborated a great deal on this including gixxxerboy, FreeFromStyle and many others.
I just want to make the point BEFORE the SP collapse back to $0.20 or so, that all the uprampers and starry-eyed gamblers here have been amply warned. But I’m willing to bet that this fact won’t stop talk of “mismanagement by the CEO” and “class actions” and “insider knowledge”.
Such is the petulant behaviour of the intentionally self-inflicted ill-informed.
You know what they say: “Cheer with Calvo, go broke like the dog he is”. That’s just word on the street, don’t shoot the messenger.
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