Morning @ProCapitalism, you have been a LT holder and your...

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.