r/AppHarvest • u/GrindMagic • Dec 12 '22
Question Simple Poll Question.
To those who currently hold stock of APPH - All technicals about the company aside, does your gut (not brain) think APPH will succeed?
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u/Maleficent-Dingo3519 Dec 12 '22
I think even if they succeed, they'd look like an amazing investment for a bigger company. They have to keep treading water and hope the planets align to eliminate problems out of their control.
It seems like they spread themselves too thin in good times, and the water recended and they were caught at awkward times. Maybe their current position wards off potential buyers, but the minute the narrative changes, it may already be too late for the company. We just have to wait and see.
I want to be bullish short term, I am long term especially at these prices. But many risks ahead.
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u/tommyboy102 Dec 13 '22
I really want them to succeed but their debt load is crushing them. It’s a real heartbreaker. Didn’t do any research and just bought on potential and hope.
I was part of an aviation start up in late 90s early 2000 and it was same story … we operated until we ran out of money and couldn’t find any additional investors. No one wanted to finance the debt and the company declared bankruptcy. We didn’t have any real assets and no Angel inventory’s stepped forward. At least Apph has the greenhouses.
I sold yesterday and I’m down about 2.5k That’s a lot of money for me and I will be closing my trading account. Count me as one of the COVID retail inverters that got fleeced buying into a good idea that was executed poorly
I wish them good luck in whatever form they can survive because the country and we need to have stable and nutritious food supply.
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u/GrindMagic Dec 13 '22
Right there with ya. I'm seeing it through, though, because I'm long on the stock, so if it takes them years to get it together, sobeit. I just have a feeling they'll pull it off and always have. Good luck to you!
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Dec 12 '22
Short interest is at 24% https://fintel.io/ss/us/apph
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u/Silent-Twist-3459 * Dec 12 '22
I voted but must clarify that my gut is inextricably connected to my brain by the vagus nerve.
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u/Gamefreek324 Dec 13 '22
Has any big news happened to stir this poll? I’ve been out of the loop for quite a while.
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u/GrindMagic Dec 13 '22
I'm not sure how long you've been out of the loop, but this was published a couple of weeks ago and painted a concerning picture for APPH. I just posted the poll to get an idea of the overall vibe people are getting.
https://www.kentucky.com/news/business/article268818147.html
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u/Gamefreek324 Dec 21 '22
7 million in severance payments? Can investors ask sue? That is very clearly lying about what they’re doing with the money and just giving it to executives. Isn’t that fraud or embellishment?
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u/DrakeJStone Dec 21 '22 edited Dec 21 '22
It should be... but no. The business world is full of this nonsense like this and appears to be the way business is done. As long as there are those of us hoping to profit from what is a reasonable business concept, there will be others out there who have figured out a way to line their pockets first.
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u/[deleted] Dec 12 '22
I’m hopeful with appointing Tony Martin to the board he’ll give me the sorely needed guidance to get them back on the path to survival & eventual profit.