Thank you so much for posting that.
Let's compare BRN & W2V & convert the MC into the SP with the current SOI.
BRN might be overvalued, in fact, there are short positions on it.
ShortMan - Short position graph for BRN
BRN MC = $1.5 Billion.
W2V MC = $8.9 million.
W2V SOI according to HC = 153 million. (MC / SP = SOI).
$1.5 billion MC of BRN / 153 million shares of W2V = $9.80 a share for W2V. When? Who knows, it could be months or multipleyears away.
I'm not saying that's where W2V is going it's just a simple comparison & mathematics. Who knows, lots of differences between the two companies & many unknowns along the way. BRN might only be really worth $5 million,or W2V might go into an immediate trading halt on Monday, then be suspended from quotation & finally, months later, delisted. All while you never get the chance to sell a share. That's the reality of investing on the ASX.
Perhaps W2V might have 1.5 billion shares.
For example.
$1.5 billion MC of BRN / 1.5 billion shares of W2V = $1 a share for W2V.
I don't know anything about BRN, I've just stumbled across the threads in the past. But IMO a company like W2V that's pulling in close to half a million dollars per quarter & burning less cash than BRN should be worth more than $8.9 million dollars. W2V is working with Mastercard on other products, see below.
In a world’s first, Way2VAT ASX W2V launches Smart Spend Debit Mastercard to automate VAT:GST return - YouTube
I don't give advice on HC, but from my personal experience & like many posters say on HC, only invest what you can afford to lose.
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