APX 0.00% $1.06 appen limited

Ann: Withdrawal of Innodata's non-binding indicative proposal, page-110

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    I believe you're also tracking ZIP, wouldn't you label it 'worth zero' as well? I agree and wouldn't place my bets on the APX Telco deal, which I suspect involves some aggressive price negotiations. These could be more about bums on seats and cash flow even at low margins. If I were the Telco, having researched APX, I'd know that playing aggressive on pricing would be a smart tactic. Sales reps often hype up the pipeline, but returning with a signed contract with excellent margins is a different story. The 'partnership' with Nvidia seemed more about marketing than Nvidia needing ZIP's expertise. So, do you not see it reaching $1 this year? or are you skeptical or just irrelevant as a trader?
    Last edited by FreeFromStyle: 14/03/24
 
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