Bellamy was a farcical publicity mismanagement by the board, with their failure to transparently disclose details pertaining to their operation leading to a short term overreaction of the share price. They just happened to be lucky in that Chinese companies were looking for exactly what Bellamy was at the time, hence the buyout and price recovery.
Appen is not Bellamy. The reason for Appen’s decline is similar, but not of the same short term implication as Bellamy’s. The problems with Appen’s model is far more deep seated and impacts its future profitability unless a significant change is made.
I fear you’re only seeing what you wish to see, and are creating a story to fit your beliefs rather and believing the story that fits the facts.
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