Ann: FY2022 Trading Update, page-114

You are delusional, stuck in your 'value' (trap) thesis. I'm going to stop responding to this hopium garbage. All I will say is that if anyone carefully reads the announcements from 2020, Appen came out initially stating they saw no significant impacts from Covid on their business, then months later backflipped and said that there had been significant impacts. It's all in the announcements/presentations from 2020, people can look it up for themselves. There is a reason it got into the $40's, because the market was looking for safe havens. Then they realised Appen wasn't. Either way, the price was ridiculous, but it probably wasn't helped by Appen management initially thinking their "tech" (read: labour hire) business would be unaffected.

For those watching on, just remember that, per his past disclosures on HotCopper, @Calvo was buying Appen at around $8.50 because he thought it was 30% under intrinsic value. He's still bullish at $2.60, and even before the most recent downgrade, said he was buying in the $3's. Just some important context. Never fall in love with your investment. Don't be too proud to admit you got something badly wrong.