Ann: Appen 2022 Full Year Results, page-202

”No stock can stay down forever”. Correct. At some point you have to suffer a 100% loss of capital, and that is usually quite woeful because the gung-ho naïve shoot-from-the-hip arrogant ‘investor’ that keeps doubling down and “averaging down”, is the newbie who can usually least afford it. APX being a high risk-low reward loss making ‘penny-stock equivalent’ should currently make up less than 5% of any risk wary investor for the sake of capital preservation.

Think back to Bond, HIH, ABC learning and Allco. They went splat with many people flinging themselves off bridges.

I somehow doubt that Captain Wrong for So Long Calvo and his split personality sidekicks uranium69 and Xagxau abide by that or are remotely within the population that can withstand a 100% capital loss on their sinking investment.