Member Info for dashboom

@brunello I'm partial to the odd acid trip or an ecstasy rave actually. Given your posts you seem to be a connoiseur of poppy plants of the Afghan variety ?

Valsen has been correct a couple of times in the past: "even a broken clock is right twice a day" but this time he is speaking absolute gobbledegook.

Check Linkedin of woodbois and you will see Henriquet posing in multiple pictures with Dorothy and Kanme. Several pictures of active sawmill and veneer, photographs of truck loads of containers with "woodbois" inscription. Henriquet appears to be extremely professional and well dressed. There's no shenanigans of "wood for wages" going on here. Absolute nonsense. Beware of falling into Valsen's pitfall. I do think some have an agenda to accumulate shares as cheap as possible. I'm extremely confident this will resume trading again now. The vultures are circling.

So far so good everything is going ahead as planned. Woodbois Aps is being wound up as intended and core operations focused on Gabon and Dubai.

To reiterate. Allenby would not allow any of the nonsense Valsen has espoused on their watch.

Gla dyor

Great minds think alike toothlesstiger. Questions will need to be asked of Valsen's agenda if makes an epic comeback and rise from the depths of 0.03. I wonder how many people Valsen scared into selling from 0.55 down.

Valsen you really need to stop sniffing the glue. What you just posted is absolute nonsense. Libelous to the nth degree. There is absolutely no way a Nomad of Allenby's stature would allow that to fly. I present you again with a question which you failed to answer last time: why did Dubai and Swiss investors subscribe at 0.05 for a few million a few months back if half of what you are claiming is true ?

You can't just throw dirt on a good man like Henriquet's reputation without any evidence like that. Totally preposterous. Have some humanity.

Please don't post complete and utter lies. Woodbois Aps (woodbois based in Denmark) is owned 75% by argento and 25% by woodbois limited. Both are subsidiaries (owned by woodbois services limited). You can verify all this on companies house.

If what you said was true then a very reputable NoMad such as Allenby would not stand for it, would have cut ties long ago. Instead, Allenby continues to support and advise the company in its specialist capacity as a Nomad with a good track record of turnaround.

Please post your proof woodbois Denmark owns Gabon. This is completely false. Absolute nonsense. It is the other way around and company already told us it was planning to close the Danish arm and focus on Gabon, London and Dubai. I refer you to March-June 2025 RNS releases.

Regards. Dyor

Well believe me or not but I did actually speak to someone within woodbois around a month ago. They assured me that operations are ongoing as referred to in RNS. They made it explicitly clear to me that they could not tell me anything that wasn't already public knowledge but reiterated that the last RNS indicated that operations were currently ongoing as outlined in said RNS and I should revisit it. I have to take this person's word. Not fair of me to reveal their identity but I can promise you I'm not lying. If you really need to you can reach out to the contacts at bottom of RNS like I did but you will receive the same answer.

Part of the reason I'm so coy on Woodbois is because of the general real world advent of AI. We could be potentially sitting on a goldmine here because raw materials like high quality wood manufacturing will be one of the rare fields where human input and work will still be needed 10 years from now. Let's not be naive and be blunt about it - AI will wipe out endless millions of human jobs in the coming years.

We have Dubai and Swiss sustainably energy/science investors on board. Perhaps they are the long term benefits here in a world which will be dominated by AI.

I guess we just need to wait on next RNS but no news is good news right ?

Gla dyor.

@Truebirdman I will bookmark your latest post and serve you a delicious slice of humble pie if/when Woodbois is reinstated.

Trust in Allenby who are a very reputable and strong London city Nomad with an excellent reputation of turning around companies with distressed capital.

Our latest RNS albeit a few months back reported that operations have resumed and a restructure is taking place. We need to trust that's what is happening. Sometimes no news really is good news. Ll

Let's not forget that that this company has signed 40 year contracts and employees 100s of Gabonese natives. It can't afford to fail.

Also keep it nice. And don't lie trubirdman you sit here like Pavlov's dogs anxiously awaiting my next post. Without me you would be bored and this forum would be inactive

Good luck all. Dyor.

A

Sarah just sit in the corner and look pretty you little minx. Don't make us put you back on the naughty step.

Another week. Another month. No RNS. Absolutely disgraceful.

I have a gut feeling something big could be going on though. Institutional rich investors and experienced folk like Kanme and Henriquet steering the ship. Maybe this will be the biggest comeback since Cindy Beale.

Dyor.

Woodbois remains the only one of the 4 companies listed for deletion from the Russell all-aim index on August 26th RNS. Let's see how the other 4 are doing.

Caspian sunrise: produced an announcement saying audited 2024 accounts will be released in a few weeks on August 27th. however we still await such accounts.

Belluscura looks game over. Board changes announcement and 15 of the 25 employees let go. Some allegations of company going private bell LLC and bell etc.

Surprisingly Seeen are doing very well. Produced their accounts, trading restored and even raising new funds and hosting an investor webinar. They are an AI media company so I guess you would expect them to do well.

So out of the 4, woodbois are the only one with absolutely no RNS or news since then. Literally went the whole of September with us sweating with anxiety. Nothing. Is this good or bad news time will tell ?

Given that Caspian Sunrise and Belluscura have put out "immediate funding gap" warnings I tend to think we're actually in a position of strength.

Still pretty annoyed you can't phone up and email to make an order enquiry on woodbois website. That's not a great look.

Let's wait and see. I do think one major advantage we have is that woodbois' employ 100s of local Gabonese. Company would likely have support and low interest loans etc from government if push came to shove. If the business model is ultimately sound we should be sound.

Actually really exciting about how positive next few RNS could be. Literally buzzing

Let's see Gla dyor

Sarah is correct. It's 6 months from date of suspension before delisting unless extension is granted. However I would imagine if a company gets to 2026 without releasing 2024 accounts any such extension would be rejected.

So realistically we have until January. I do believe company will be reinstated before then.

For example when Cineworld CINE went bust there were fairly regularly updates warning you we are f**ked. NOMAD has an obligation to make the company warn the market. There's been nothing like that recently. Instead there is silence while they seemingly seem to restructure the company as planned.

When AIM companies are in complete distress and threatened with immediate collapse you get regular RNS telling you.

On the contrary Woodbois shot down the compulsory strike off notice on companies house indicating they see the company continuing as a going concern for 12+ months minimum from such date.

@samthespaniel I'm not ready to throw in the towel just yet. Not while Henriquet is on the board, he's probably the one guy you would handpick for a Gabonese forestry company. The Pep Guardiola of the Gabonese agriculture industry.

All it takes is one fat cat investor and any company has a chance. Take Man City. They were down where they belong a lowly League 2 level team before some foreign oil money decided they will just buy a slice of the premier league.

More recently look at Hearts north of the border. Few years back Scotland's 3rd biggest team sat in the 2nd division and we're staring bankruptcy in the face. There's rumours Tony Bloom got involved because one of his good mates is an Edinburgh Scotsman and avid Hearts supporter (unverified). Now the club have millions in the bank and actually currently sit atop the Scottish league table, incredibly with a half chance of breaking Celtic/Rangers dominance!

It's very encouraging we have DUBAI and Swiss investors on board who pumped in a few million at 0.05. if they see life in this company and potential then the possibilities are endless.

Chin up Rodney and so your own research!

No because that would be illegal you absolute moron. Would you like some random from the internet to post your job details on a random forum ?

However if you're that desperate you can simply create a linkedin account and go to woodbois limited and it will show you all the employees who have consented to show their job information on the linkedin platform.

You can take a horse to water but you can't make it drink.

Dash 1-0 Limpapo. Naughty step for you as Sarah would say.

Gla dyor

Mr Valsen showed himself up to be just as clueless as the rest of us with his last post.

The Danish arm "Woodbois Aps" was already intended to be closed by the company as part of reorganization to make company more efficient. See direct quote from March 28th RNS:

"Historically the business has had a complex and disparate structure. Woodbois will be simplified by closing operations in geographies other than London and Gabon"

I actually took Valsen's helpful piece of information about filing for dissolution in Denmark to be a positive. It showed that the company is actively following through on plans and not dormant. More crucially I was concerned there were not enough sitting directors for woodbois board to function after Clive Roberts walked away. However this danish listing showed Emanuel Henriquet as chairman for the first time so the board is in fact stronger than it was. It's a huge upgrade. Think getting pep guardiola instead of Sean dyche.

Seems to me they're just making the tough decisions that need to be made in the background in order for future success. Let's await an RNS.

Valsen's latest information was in fact positive news for Woodbois limited imo.

Gla dyor.

Brilliant. Some of the best news in a long time. Getting rid of some of the deadwood (pun intended) as alluded to in previous RNS. Woodbois Aps is just a subsidary and they were planning to close the Danish office anyway. Part of corporate restructure as mentioned. Danish Sydbank put woodbois in a world of hurt previously so I guess it's sort of karma too.

Great to see that Henriquet is listed as Chairman here. Clearly a better fit and replacement to the charlatan Clive Roberts.

No nonsense business types looking to get the job done and restructure as required.

Do your own research. Might be good news for Woodbois services limited.

Crucially nothing about dissolution etc on the main UK based companies house firm.

Good luck all.

Beware of fake news again people.

Post your verifiable source for such claim Valsen.

I searched through Danish business registers and public sources but could not find the actual legal document (the formal “kendelse” / order) for forced dissolution (“tvangsopløsning”) of Woodbois International ApS in the databases I checked (Erhvervsstyrelsen / CVR public documents / Danish official gazettes)

Many thanks.

Do your own research. Please provide source link for transparency

Samthespaniel you may well be right. That does make lots of sense. It doesn't address why Dubai and Switzerland pumped in a few million at penny prices as recently as a few months ago ? I researched Baumann's investment arc and what I could find of the Dubai based Kaiser and Alcazar and it does seem they like to invest in sustainable companies they believe could be long term diamonds. There always seems to be some humanitarian or environmental or scientific link behind all of their investments. Perhaps they really do see the positive potential in woodbois. I guess it's a risk Vs reward: at these levels you can pump a few million in chicken feed for a large portion of shares and if it comes good you could multiply your investment many times over. If it goes badly then you've just lost some pocket change.

You also mention the word "management". That's one of my biggest concerns. There really is no "management". Seems to be a different Joe bloggs at the helm every other year. Literally if you look through previous directorships for the last 10 years of this company, no one outside of Dolan or Pelham has lasted more than 2 years. Most don't even make it to a year. That's kind of mental.

There's absolutely nothing on social media about Woodbois either. You'd think there would be some local shenanigans or pictures on Facebook etc. absolutely nothing. Btw those videos which leaked last year allegedly I have researched and considered to be fake. I don't think that was woodbois being targeted with mass arsons.

Right now the only actual verifiable stuff we have to go on for past few months is the linkedin photos of clearly displayed and logod woodbois shipping containers and Kanme and Henriquet's visit to Mouila. It seems the Dutch guy who was in charge of pr and marketing has left woodbois. Maybe that's why radio silence on all social media fronts.

I find absolutely nothing about Woodbois on local Gabonese news outlets. Gabon media time etc. not even in local Mouila press. Sometimes " no news is good news" as they say. You would think anything remotely positive would get a mention though ? For example charity fundraiser, local workers celebrating milestone etc. absolutely nothing. Sometimes I wonder if the whole thing is some elaborate scam Ponzi scheme and there's never actually been anything here at all save smoke and mirrors .

If really love for it just to be over one way or other now. Good or bad. So we can move on with our lives. Hope can be more painful than the guillotine.

Do your own research.

A conservative estimate of the value of the sawmill, veneer factory and general planet equipment is around $20 million. This is according to my research from reviewing each financial year and market prices. This factors in depreciation.

There is also asset value from machinery, but ok it's possible some of this has been damaged, rented or is in poor condition. But let's say an additional couple million.

Then there is the value of the landmass biological assets. This is where things get difficult to assess.

Woodbois has natural resources over valuable woodland for 40+ years in a landmass the same size as Wales. It really is an enormous amount of landmass which Woodbois oversees in Gabon. However how much of this is usable ? How much of it is luxury wood? How practical is it to extract and how cost efficient is it to process such wood ? This is the million dollar question.

In the past former directors such as Pelham were very enthusiastic about the potenital dollar value of the biological assets. $1BN was even mentioned. However this position clearly may have shifted.

What's clear however is that the asset value of the thousands of hectares of Gabonese woodland is where the intrinsic value of this company lies. Previous accounts put this biological assets value at over $100m but perhaps that is far too optimistic. Let's throw a dart for arguments sake and say $40m-$50m as is.

It's impossible to put an accurate dollar figure on this amount. However let's be extremely conservative.

Factory/plant/building assets + equipment/machinery = $25m-$35m

Biological assets = $40m-$50m

Therefore total gross assets should be around $80m. I don't think this is an unreasonable guesstimate, feel free to disagree.

Debt is where it gets tricky. Let's be melodramatic and suppose current debts = $30m

Cash flow is also obviously a huge problem

Tight working capital.

Many overheads - employees, rents, taxes etc too.

Basically what I'm arguing is the Auditors really do have a tough job on their hands. It's not as simple as auditing a UK based business. There are very grey areas here. One thing that is without a doubt though is that woodbois' gross assets value do in fact exceed their gross debts. All is not lost.

Patience is a virtue. However lately I struggle with this.

Do your own research. Any thoughts ?

Excellent post @Samthespaniel.

What's interesting as you point out is the peak period around 2022 was actually significantly post-Covid so we can't even blame the pandemic global restrictions or slowdown for the subsequent turmoil.

Having researched local news outlets, including Gabon Media Time, it's very clear that the local military goup in Gabon had an extremely crippling effect on the operational side of the business - funds locked up, roads closed, labour issues etc. let's give them the benefit of the doubt here and suggest these extraneous factors were outside of their control.

In the grand scheme of things, a company with a global customer base having around 10m USD isn't unusual. Debt often fuels and accelerates growth. However cash flow is important.

Please, what is your take on the most recent fundraise? Why did Swiss/Dubai investors put in around 3m USD at 0.05 with warrants at 0.10? We're they taking a speculative punt ? Tax loss? Moving money around? Sold on it by trusted NOMAD/industry partners ?

Surely no one is investing a few million at an almost insolvent company at 0.05 without doing proper due diligence and an insatiable cause for optimism ?

I'm really curious to see how someone can explain away the investment. That's the elephant in the room for me.

Again just going to sign off by echoing the sentiment - disgraceful audited accounts have been delayed this long with no update on timelines. Disgraceful and amateur that contact details for company are out of date and broken.

Wish I'd never invested here to begin with. But then again I'd have missed out on all the entertainment. "better than EastEnders" as one user once said.

Surely we must be due an RNS imminently? I keep logging in every morning like Pavlov's dogs salivating at the mouth hoping for an RNS. No doubt I will get a dopamine hit similar to crack when I see an RNS has arrived - probably followed by a bout of depression when I see it is more negative news.

What do you all expect? Any guesstimate on times ?

Best wishes. Do your own research.

What the hell went wrong with this company.

If you go back to summer 2023 there was a solid competent board in place, regular updates, regular video presentations, good contacts. Also extremely positive news for example Gabonese government giving rights to land for 40 years to develop carbon credits. 40 years - in it for the long haul.

Are the main problems down to the absolute geopolitical and economic turmoil which occurred due to the Gabon military coup ? Was Guido really as bad and as incompetent as we all think or were local circumstances beyond his control ?

There were also high profile meetings between Gabonese government officials and Woodbois even travelled to cop26 in the past. It's clear the Gabonese government saw Woodbois as an important part of local economy - jobs creation and international development.

Is there still cause for optimism ? One might think having the likes of Emmanuel Henriquet overseeing operations is an extremely positive sign.

I guess we just need to sit right and await further RNS updates. As painful as it may be and as frustrating as it may be given how long it is taking.

Gla. Dyor.

He does seem rather 'uncouth' and bohemian. Not the traditional corporate professional type. A bit of a blagger and a charlatan I'd say. All talk and no substance.

Regardless. Another Monday morning and still no news from Woodbois. Very poor show. I guess we're waiting another week now... And another one .. and another one.

Starting to just get cynical now. Possible that they're all just dragging this out to keep the salaries coming in.

No news isn't always good news.

I half expect some RNS 3 months down the line 'we have tried our best efforts working tirelessly but despite our best efforts certain challenges could not be overcome and so it is with regret..."

Live long and prosper.

Do your own research.

I've actually had a thought. Perhaps the reason they're delaying the FY 2024 audited accounts is they wish to release them alongside the 2025 half year results.

We all know the 2024 accounts are going to be absolutely horrific if they ever do get released. Production was halted, gross negligence from management and massive losses and labour issues this time last year.

However as alluded to in earlier RNS releases - production is resumed and stock is being shipped. Perhaps 2025 is indeed looking alot more positive and so they wish to release these so the market and shareholders don't get completely spooked by no doubt appalling 2024 figures.

2024 audited accounts will probably show multi millions of dollars worth of losses. It's naive to think otherwise. They're probably crisis managing.

I do think the communication and smoke and mirrors of the ever elusive CEO and this company in general has been at best in incompetent and at worst disgraceful no matter what happens.

Wouldn't be so hard for them to periodically release reassurances that work is continuing.

I do think I have spotted the only public glimpse of Mr Kanme for those interested. See the latest Woodbois post on linkedin of Emmanuel Henriquet's visit to the factory In Mouila. There is accompanying him in official attire a serious looking bald chap with Dutch features in the main photo. Maybe our phantom CEO does exist after all.

Good luck all and do your own research.

@maffa here is in the evidence you requested of Roberts accepting shares instead of cash for his work. Shackleton took 25 grand cash as well as shares.

In the “Proposed fundraising and other matters” announcement on 28 March 2025, Woodbois Limited states:

“Clive Roberts has been offered 150,000,000 new Ordinary Shares at the Issue Price in lieu of cash in respect of the substantial additional work undertaken by him …”

That is pretty promising. But then why has he suddenly walked and no explanation ? Here you can see it was very much intended for him to become chairman permanently. What happened in the audit and suspension period that caused him to run a mile asap ? Very worrying imo. Perhaps it was merely personal circumstances and woodbois was no longer a priority for him but nevertheless it's a potential red flag. Here's evidence his position was intended to become permanent.

From the March 28, 2025 RNS titled “Proposed fundraising and other matters”:

“Clive Roberts, who is currently a non-executive director will become interim non-executive Chairman with immediate effect. … It is anticipated that this position will become permanent in due course.”

@latest poster, I think the Dubai folks investing a few million it's pocket change to them. They just throw lots of darts around hoping some hit the bullseye. One of the richest men in Scotland is listed as a significant shareholder on the woodbois website too. I'm pretty sure he won't lose sleep if a small investment in woodbois were to fail. I doubt we can read too much into it.

Good luck all. Do your own research. I'm just hoping they're keeping completely quiet so as not to fk anything up and get the house in order.