"But I think the underwriter might be putting up a wall at 1.1...

"But I think the underwriter might be putting up a wall at 1.1 cents, so they can make their 10% profit. The underwriter has an incentive to keep the SP above 1 cent so they can get their money back.''

Aren't those statements contradictory?"

No, I don't think it's contradictory. The underwriter (I have no idea if it is them) paid 1 cent a share. So instead of dumping them into the by queue & pushing the SP lower, they leave them sitting at 1.1 for the pickings. If you look through the trade history a fair bit of volume has gone through at 1.1 cents.

"Last quarter they had net cash flows from operating activities of $48,000....against almost 1.8 million in expenses"

What do you mean $48,000?


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

"How long do you think the cash will last at this rate?"

As stated in the last quarterly, Q1 is always a bad quarter. Most of last year W2V burnt around $1.1 million per quarter.

"They have loans to the bank in Israel of almost 1.7 million and $587 000 of that is due for repayment on 1 July 2023"

They're secured loans & I assume they can be rolled over.

"There is nothing on the bid between 0.009 and 0.001"

Not every buyer places their order in the queue.

"And yet people can't understand why it's valued where it is"

Ironically, you've posted in the very thread that suggests W2V is undervalued. This is an AI stock.



The ASX stocks that could ride the AI boom like Nvidia (copyright link)