There is nothing left to downgrade and I stated that when I tripled down at 28c.
Downgrade cycle is complete - there is nothing left. It happens to the best of them but Appens downgrade cycle was overly brutal and overdone.
If the Figure eight platform comes back to life as Ryan is suggesting and repurposing as a Gen A.I SaaS platform then the writedowns of FY22 will need to be reversed.
A big half year will see the upgrade cycle begin.
Ann: Appen 2023 Full Year Results & 2024 Outlook, page-53
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