4 questions lodged at 2026 Way 2 Vat (W2V) virtual AGM
June 5, 2026
Below is the text of the 4 written questions submitted at the 25 minute Way 2 Vat (W2V) 4pm virtual AGM via the Automic platform on June 5, 2026 for the Israeli software company which helps companies in 40 jurisdictions claim GST refunds. See notice of meeting detailing 10 resolutions. Market cap $16.6m on AGM day. The proxies were not disclosed early as there were no formal addresses lodged with the ASX. There were no protest votes. Was the only shareholder asking questions.
Q1. Why do we continue to signal a preference for raising capital through selective placements, rather than doing pro-rata raisings which treat all shareholders equally and don't require any specific shareholder approvals, such as this one? Please focus on pro-rata raisings in future and don't ask for this extra 10% placement capacity at the next AGM. Have there been any material proxy protest votes on this resolution? And if you do a future placement, will retail shareholders be offered an SPP?
Answer: The chair Rob Edgley gave a lengthy 3 minute response. He said they have uncertain cash-flows and therefore need maximum flexibility but have offered multiple SPPs in the past. Watch video of exchange via Twitter, plus these concluding comments by chair Rob Edgley.
Q2. Why do we pay our investor relations adviser with shares rather than cash? Doesn't this encourage excessive share spruiking? Please don't ask for this approval next year.
Answer: The question wrangler, Emily Austin from Automic, removed the sentence: “Doesn't this encourage excessive share spruiking?” Chair Rob Edgley said they had no intention of asking for this approval every year but warned they were cash-flow negative and therefore paid for some things with stock to preserve cash. Watch video of exchange via Twitter.
Q3. AGM best practice is to disclose the proxy votes early to the ASX along with the formal addresses, but you haven't lodged any formal addresses with the ASX. Will you do this before next year's AGM and include the proxy votes when you do that to allow for a more fully informed AGM debate?
Answer: Not sure, as had to duck away to meet Giovo at the local 7-11. Waiting for webcast archive of AGM.
Q4. The annual report says that we have 1,059 shareholders. What is the split between Australian-based shareholders, Israeli-based and rest of the world. And in terms of our 10 largest shareholders, where does the power lie between Australian and Israeli-based investors? What does the chair believe would be an optimal split between the two jurisdictions?
Answer: Not sure, as had to duck away to meet Giovo at the local 7-11. Waiting for webcast archive of AGM.
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