Don't forget what this company has, a protected IP.
AI technology that automates tax returns.
Now it's being used for businesses, but Amos says there's potential to move into the tourist industry in one of those media clips. Is the tourist industry as big as it was before Covid? No. It might take many years to return to the peak again, if ever. But, there's still a large market out there for tourism. Is there not?
What else could you do with this type of technology?
I posted this chart today & it didn't get a response which I thought was interesting.
WAY 2 VAT LTD. (ASX:W2V) - Ann: Prospectus, page-1 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum
Notice from 2020 to 2021 when 7 to 8 billion people went into lockdown at one stage or another.
Look at the growth throughout COVID lockdowns. So COVID couldn't even shut this thing down? All the essential staff perhaps? Still going about their business claiming back the VAT when they travel around Europe.
All I see in every ann is continuous growth. According to Amos, the expansion of the card in Australia & America is planned for next year. Transaction volume is a key driver of revenue. It's a volume game here, the more transactions that are processed with more W2V could make.
WAY 2 VAT LTD. (ASX:W2V) - Ann: Quarterly Activities Report, page-1 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum
WAY 2 VAT LTD. (ASX:W2V) - Ann: W2V Smart Spend Debit Mastercard - Initial rollout update, 61558660, page-1 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum
WAY 2 VAT LTD. (ASX:W2V) - Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-1 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum
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