They will not save money on the one thing they need the most: IT Experts
As long as they grow, and that will continue for years, they will not reduce the IT workforce and as wages won't go down the labour costs for W2V won't become less. If you can't cope with that you have to sell. You want the horse trainer / jokey / owner to save on feeding the horse or better, winning a race without a horse - Good luck with that strategy.
They have accumulated $4m which they get their hands on once the tax departments have released the refund. But that is delayed by up to 12 months after reported to us as Account Receivable. W2V's competition has to deal with that too, it's a game of who can hold their financial breath the longest. If they would receive the funds within 2 weeks after approval the 4Cs would be close to breakeven and you probably wouldn't complain at all.
It is your decision to sell all, a part or none. Or, call one of the Aussie directors and talk to them, make your ideas known to the board, maybe they will implement those if sensible.
GLTA
W2V Price at posting:
0.7¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)