I don't think you understand what a "Gravy Train" is.
If this Co was a pure "gravy train" then why bother getting new clients? Why go to all the effort to secure global companies? Why work so hard? The whole point of a "gravy train" is to do as little as possible. You want to get paid to do nothing.
Another trait of a "Gravy Train" stock is the continual issuance of freebie shares to BOD, which then get dumped onto the market, over & over again.
Where have the BOD received free shares, on top of their lucrative salaries, & then proceed to dump them onto the market?
I think you forget much of the BOD take shares in lieu of a salary in order to preserve as much capital as possible. That isn't the trait of a "gravy train" stock.
A "gravy train" stock have the BOD on massive salaries, being issued freebie shares (which are then immediately dumped onto the market) & they achieve sweet F all. That isn't what I see here.
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- Ann: Way2VAT completes A$2 million Placement
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way 2 vat ltd.
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Ann: Way2VAT completes A$2 million Placement, page-8
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Last
0.8¢ |
Change
0.001(14.3%) |
Mkt cap ! $13.59M |
Open | High | Low | Value | Volume |
0.8¢ | 0.8¢ | 0.8¢ | $200 | 25.00K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
8 | 5359866 | 0.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.8¢ | 6506395 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
8 | 5359866 | 0.007 |
8 | 6666666 | 0.006 |
2 | 1400000 | 0.005 |
1 | 500000 | 0.004 |
3 | 2199666 | 0.003 |
Price($) | Vol. | No. |
---|---|---|
0.008 | 6506395 | 6 |
0.009 | 2519397 | 3 |
0.010 | 2229982 | 5 |
0.011 | 2490011 | 5 |
0.012 | 1385833 | 3 |
Last trade - 10.36am 08/08/2025 (20 minute delay) ? |
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W2V (ASX) Chart |