Morning @ProCapitalism, you have been a LT holder and your research has been valuable. I have started digging more and convinced that use of AI in taxation is the future.
There is a very interesting article in Bloomberg - published in July 2023 but relevant for this discussion. Link below.
1. W2V has an established business model and is already generating revenue 2. Excellent R&D team 3. Backed by Alex Waislitz thru Thorney Investments who backed APT too. 4. AI in tax compliance is the future - not my view but many experts suggest this. This is obvious in an area like VAT where human intervention lead to errors.. I work for one of the largest Freight Forwarding companies in the world and I asked our Backoffice if this is useful and he is excited by the tech. 5. Stock market is forward looking and W2V valued at $20m will be a distant memory 6. The gap between big caps and small caps is huge currently - the right small cap will re rate. 7. I am a resource investor - W2V is outside my comfort zone but valuations and the potential has drawn me here.
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