brave souls rewarded today, page-26

The AGM is on Friday. APX has been tumbling due to uncertainty and the recovery will depend on whether they are able to address these concerns.

The share price could drop further to $12 -> $10 -> $9, wherever investors view the bottom to be.
The share price could rise to $14 -> $15 or "rocketship" like you're hoping to $20, wherever the traders start to scalp.

I've provided a very simplistic example of my view on their business model. However I'm unsure if there's any value going to great depth, even with people who work in the AI industry. I don't intend any offence by this, a lot if people in the AI industry don't understand the problems that Appen's products address or what their MOAT truly is.
The APX price depends on the market sentiment of the MOAT and it doesn't really matter (in the short term) where the technology is going from an academic perspective.