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 ! $10.48M |
Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
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4 | 1472000 | 1.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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1.2¢ | 231065 | 1 |
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No. | Vol. | Price($) |
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4 | 1472000 | 0.011 |
8 | 2339322 | 0.010 |
6 | 2116654 | 0.009 |
5 | 832500 | 0.008 |
2 | 250000 | 0.007 |
Price($) | Vol. | No. |
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0.012 | 231065 | 1 |
0.013 | 849996 | 4 |
0.014 | 536843 | 3 |
0.015 | 257618 | 2 |
0.016 | 796437 | 4 |
Last trade - 15.14pm 14/06/2024 (20 minute delay) ? |
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