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I agree the next two weeks are crucial. If the first subscription completes and the April 22 vote passes, it gives WB a lifeline. But surviving and turning around are two very different things.

I’m still holding too, but after last year’s collapse, I’m watching this next phase with cautious optimism, and a few key questions I'll be looking for answers from the shareholder meeting.

1. Who ends up with real control if all the warrants are exercised?

2. Will key assets be protected, or could we see them sold off quietly as a way to avoid the debt and minimise loss, leaving shareholders with nothing but a shell?

3. Are we getting a clear turnaround plan with named responsibilities and targets?

4. Why were retail investors excluded from the raise?

5. Are any insiders or connected parties benefiting behind the scenes?

We’ve seen too many AIM plays where assets are stripped, and shareholders are left holding dust. If the board are sincere and wants to rebuild trust, these questions need answering at or after the EGM.

Nice spot on the Akira warrants. Pricing them at 0.125p, when the current share price is around 0.045p, definitely raises an eyebrow. You don’t set warrants that far above market unless there’s a belief the company has serious upside.

It could be a show of confidence — or at least an attempt to align long-term incentives with shareholders. After all, those warrants are only worth anything if Woodbois actually delivers.

That said, they’re still just options — not commitments. If nothing changes, they expire worthless, and we’re back to square one. The dilution is real, the pressure from creditors is real, and the turnaround still has to be proven, not promised.

That said... something does feel a bit different this time. If the team executes post-April — and hopefully this isn’t an April Fools — then there could be real movement ahead.

As of late March 2025, Woodbois has raised £2.7M through a share subscription, with plans to raise another £650K. It buys them short-term breathing space and stop the bleeding— but let’s be clear: this is the last card, from up the sleeve, on the table.

The financial picture is dire: BGFI Bank is pursuing €790K through the courts, and the share price has collapsed 94% in the past year. There’s no more room for missteps. Any future funding would likely come at even worse terms — or not at all.

To paraphrase Trump: “You have no more cards to play.”

I assume — and hope — this isn’t just a last-minute cash grab before management walks. If there’s a sincere plan, it needs to start now and be trasnparent.

If it were my best-case playbook:

0–3 months: Financial discipline and creditor negotiations to survive.

3–9 months: Rebrand around ESG, cut costs, regain investor confidence.

9–24 months: Strategic growth, meaningful partnerships, and a start to return to credibility.

Worst-Case Reality

A short-lived PR push. Hype around ESG or vague partnerships. A share price spike. Appeal to retail. Insiders sell into it. Dilution follows. Leadership walks — wealthier and intact. Retail investors lose.

What I Think Needs to Happen Now:

Public commitment: no insider selling during the turnaround.

A detailed plan: timelines, targets, and named leadership responsibility.

External oversight: bring in an independent turnaround advisor, if banks haven't insisted anyway.

Align pay to performance — no market-rate salaries for leadership until recovery is proven.

For Me:

Frankly, it's with sheer morbid curiosity that I'm allowing myself this freak show to continue.

I’ve already averaged down to a fraction of a penny, despite my better judgment. It’s always tempting to throw in more when promise is in the air — especially for the underdog.

For reasons unknown, it's become somewhat of a love interest, this one — as I’m sure it has for many of you. Maybe it's the drama. WB is the Peter Pan of investments: the child who has great potential, but can’t ever seem to grow up. Meanwhile, the crocodile circles below - its clock ticking louder by the day.

I’ve hovered over the buy button on more than one occasion, thinking they might finally show us that the company can be something. But I won’t. That’s just wasteful gambling, and I have better things to buy, like new socks.

So the best I’ll do is mentally write off the money and keep a weather eye on it over the next two years. (If they last that long.)

However, if they pull off the impossible, champagne will fall from the heavens and velvet curtains will part.

If not? At least I knew the odds.

And Sarah can finally say — "I told you so - All the best, many thanks".

The most common reason for objecting to a strike off is usually by creditors for outstanding debts or liabilities, legal disputes, bounce back loans etc. The other common reason would be employee or stakeholder objection - unpaid wages, pensions, debts etc. The owners can only object if they are going to file missing documents, pay any fees, resolve the previous mentioned issues of debt, or if the strike off was originally voluntary.

You're right, there is something to smell. The stench of desperate bottom-feeding from someone who's default attitude is tetchy.

Perhaps that is why you've settled so comfortably into the role of a classic keyboard warrior —big talk, relentless attacks, and zero substance. You're not a woman, just a common bully with cheap and cynical thinking. A mouthy troll from the shadows.

You're not disturbing anyone, I'm highlighting that it's time to stop feeding your ego by projecting your narcissism onto others. Save your obsession problem for the playground.

atb/mt

Sarah, your personal campaign against of character assassination and slander against Amy is losing its sportsmanship and becoming tiresome. Critiquing ideas and predictions is one thing, but repeatedly targeting someone starts to feel less like discussion and more like bullying. Let’s keep this forum a respectful space for sharing insights and opinions without daily personal attacks. It reflects better on all of us. No doubt you'll justify it you'll with a smart ass response, which will prove my point.

I came for the shares and stayed for the comments.

Patience is key with WBI—it’s clearly not a quick win, but rather a high-risk, long-term play. The company needs time to stabilize, sort out its debts, and prove itself through solid trading results and shareholder communication that aligns with reality over the next year or two. Constructive feedback is always welcome, but constant ‘I told you so’ comments don’t add value. The real game here is for those willing to ride out the volatility and wait for the company to rebuild its foundations over the coming years, but if that doesn't happen, simply don't put more in than you're willing to lose.

Interesting timing with Woodbois’ new CEO appointment followed by the loan repayment demand. It seems likely this was already on the radar and is part of a broader strategic plan to manage their financial situation. Let’s see how the leadership handles this next step!

@Valsen. As you rightly point out, real expertise in the forestry sector is essential. Achieving operational goals will depend on realistic planning, experienced leadership What is the basis for your comment on the Gabonese Government not allowing the selling of Carbon Credits? As I understand it, Gabon has been actively involved in carbon credit programs under international frameworks like REDD+. Was the Gabonese Sovereign Wealth Fund not setup to facilitate just this?

https://www.fgis-gabon.com/news/carbon-credits-fgis-appointed-exclusive-agent-for-the-sale

https://www.afrik21.africa/en/gabon-the-country-obtains-carbon-credit-certification-from-the-unfccc

Additionally, according to Final Times, Woodbois is going through their accreditation process. The first carbon credits from this initiative are anticipated to be issued in 2028, following a mandatory minimum five-year accreditation period as per carbon registry rules.

Incorrect link

Let's give them a call next week and enquire about their intentions with Woodbois.

https://www.rhinovc.com/

Your concerns about Woodbois’ debt, government relations, and local workforce challenges are valid, however we must separate fact from speculation. While Valsens posts paints a dire picture, many of the claims, such as halted operations and unpaid freight forwarders, remain unverifiable even through local news or independent sources - such as: L’Union Gabon, Gabon Review, Le Nouveau Gabon, Gabonese Ministry of Forests, CNAT (National Land Use Commission), local business associations, Global Forestry Watch, WWF, Greenpeace, freight and logistics companies, social media reports from Gabon, local employee or community testimonies. Nothing seems to turn up directly to these issues.

The lack of corroboration underscores the need for caution when interpreting such accounts. What’s clear, however, is that the company faces significant hurdles that must be addressed for any meaningful recovery.

While the path forward for Woodbois is undoubtedly challenging, Rhino’s influence and potential for strategic leadership could offer a lifeline. Resolving debt issues, rebuilding trust, and focusing on high-potential revenue streams like carbon credits are crucial steps. The land, infrastructure, and operational facilities are already in place—valuable assets that are not easy to establish. The key question now is whether they will fully develop these resources or strip them. While insight from those like Valsen could be valuable, there is always more to the story, and no one can verify it. Besides, who cares about old management and. If they are gone then opportunities knock, the situation can be turned around - and that's the gamble we're taking. I for one will be remaining steadfast amid any potential backlash from disgruntled workers stemming from previous mismanagement. We shall see what happens.

I agree unlikely to hear much until next week at least. The share price did at least remain within a narrow range, showing decent liquidity despite significant selling pressure. Large sell-offs, including the 11 million trade, dominated today’s activity. This could trigger more sell-offs in the coming days as some investors panic and jump ship, or minimise losses. A further dip in value wouldn’t be surprising before any structural changes take hold.

The trading seems normal considering the situation and reflects the ongoing uncertainty, likely linked to leadership changes and the lack of a clear strategy. However, as long as optimism persists among us buyers banking on strategic updates and a potential recovery, there’s still hope for stability and growth. Steady as she goes.

A very interesting day on today’s Woodbois trading shows mixed signals. Heavy selling dominated, but the share price stayed stable, suggesting the market is absorbing pressure. Notably, these two massive buys (10.75M shares each at ~0.20p) hint at confidence from big players betting on a recovery. While caution always remains due to leadership uncertainty, the stability and large buys could signal longer-term optimism. This anticipation of patience and watching for updates on strategy and management is the fun of the game. I'm tempted to put a few more quid in.. Thoughts?

I get where you're coming from—it's undeniable that Woodbois has faced serious challenges, with the share price down 97.5% and multiple CEO departures shaking confidence. It’s been one of the worst-performing shares in recent years, no question. But the reality is that turnarounds don’t happen overnight, especially for a small-cap company like this.

The recent moves—Rhino stepping up as the largest voting shareholder, restructuring efforts, and the potential focus on carbon credits—suggest that the company is finally laying the groundwork for a recovery. Whether they’ll execute effectively remains to be seen, but the pieces seem to be falling into place.

No one’s asking anyone to ignore the past or blindly trust the future, but sometimes these situations do set the stage for outsized gains, especially after a period of heavy losses. Skepticism is healthy, and time will tell if they can truly turn things around. For those with patience and risk tolerance, there could be strong opportunities here. I am one of those people not in a rush to make a few quid on this. If you're out, then you're out. Patience is a virtue. If it doesn't pay off, then that's just the name of the game.

I'm inclined to agree—this scenario seems plausible based on the information provided. Rhino, as the largest voting shareholder, clearly has a vested interest in stabilizing and growing Woodbois.

The future looks optimistic, but real success will depend on how effectively new management and strategies are implemented. Key factors like funding for growth, operational efficiency, and market conditions will ultimately shape the outcome.

From my experience working with various companies over the years, there are always voices from the ranks claiming the organization is falling apart due to leadership blind spots, or inability. In reality, these periods of upheaval are often just transitions, paving the way for new directions and growth. They are just not privy to the strategy, or want to see it fail so they can claim, I told you so.

If Rhino is actively driving this shift, it’s a positive signal for shareholders. Let’s stay alert for concrete updates on leadership and strategy. Patience is key when significant changes are underway.

Here’s to a successful and prosperous 2025 for Woodbois!

The recent changes reflecting changes to its share structure ensures transparency and informs shareholders about their voting power. Key for investor confidence and governance. It most likely is a link to the CEO’s recent resignation, aligning shareholder influence during leadership transition and potential strategic shift.

For shareholders, this could mean greater alignment of governance during a critical leadership transition. It might also signal preparations for strategic decisions requiring shareholder approval, such as restructuring, new appointments, or capital-raising activities. Shareholders should monitor for further updates, as this could impact voting power and future company direction.