RE: Sarah20 Mar 2025 23:46
The website is comical yes, Truebirdman. I do believe none of the people who operated the website are still with the company. My belief is based on the fact that the phone number doesn't work and if you try to email or contact via their contact options you do not receive a reply.
The last AGM from 2023 is still on the investors page and it's notable that all of the enthusiastic professional looking people in that video are no longer with the company. They have all left months and months ago. Not a single one of them remains (Guido, Geddes, David, Thompson).
On the face of it, absolutely none of this looks good. There's no logical reason why this company is still trading. There seems to be a total lack of direction or any senior management - they have not even bothered contesting the former employee tribunals probably because on the face of it there might be no one in any position with any obligation or care to contest, as terrifying that sounds.
On the other hand, logic goes out the window when you consider that Allenby took this on as Nomad and have seemingly selected the new CEO, Lucas Kanme, as his address on companies house is listed as the same as Allenby's.
If you go onto Allenby's website it does include Woodbois as one of its clients.
Allenby are a very reputable and respectable institution who specialise in raising finance for struggling small companies and by turning them around.
This is what gives me optimism - Allenby's involvement.
It is my gut feeling that Allenby have been acquired to work on behalf of some key shareholder(s) to extract optimum value for Woodbois.
My suspicion is that there's probably some deep due dilligence going on in the background and that the Woodbois offering may be sold o taken private. In which case shareholders would be renumbered.
Indeed your point about the total lack of communication and no RNS in 6 weeks is extremely alarming in isolation. Coupled with Nykredit and Gabonese bank calling in loans logic would dictate that it is indeed game over.
Why then is it that this still survives ?
It's a very interesting storyline and I'm still back invested because I wish to see the conclusion.
It's an interesting case to follow if nothing else.
Again, does anyone have any tangible research to offer ? I feel like I contribute alot of time and effort here giving research I have found good or bad , whereas some others just spam with bull dung.
Anyone anything to add? Dyor.