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.
https://news.bloombergtax.com/daily-tax-report-international/how-tax-authorities-and-taxpayers-can-use-ai-tech-in-compliance
My reasons for investing in W2V
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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Mkt cap ! $11.36M |
Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
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4 | 1249916 | 1.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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1.3¢ | 50328 | 1 |
View Market Depth
No. | Vol. | Price($) |
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4 | 1249916 | 0.012 |
4 | 1748999 | 0.011 |
3 | 2850000 | 0.010 |
3 | 2241988 | 0.009 |
1 | 100000 | 0.008 |
Price($) | Vol. | No. |
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0.013 | 50328 | 1 |
0.014 | 1184555 | 7 |
0.015 | 853163 | 7 |
0.016 | 215163 | 2 |
0.017 | 200000 | 1 |
Last trade - 12.56pm 21/05/2024 (20 minute delay) ? |
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