tiprankstipranks
Company Announcements

Way2Vat Addresses ASX Query on Financing Facility

Way2Vat Addresses ASX Query on Financing Facility

WAY 2 VAT LTD (AU:W2V) has released an update.

Way2Vat Ltd has addressed an ASX query regarding its recent A$406,000 financing facility, stating it considers the amount immaterial to its financial situation, which includes negative working capital and equity. The company remains confident in its ability to meet financial obligations through additional shareholder support and increased revenues. Despite a low cash balance and potential cash outflow concerns, Way2Vat anticipates improvements in its financial position.

For further insights into AU:W2V stock, check out TipRanks’ Stock Analysis page.

Questions or Comments about the article? Write to editor@tipranks.com
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1