Member Info for Maffa

Read the posts onwards from 8 Jan 2026 17:01 Dashbooms post. Write to the Guernsey register and join the Discord group my advice

Messaged enquiries@guernseyregistry.com. Following your advice in your penultimate post. Joined Discord. Suggest all WBI Shareholders do the same GLA

Have looked into the subject. It does fit for sure. So what does that mean for us Shareholders then? Will it force their hand to pay for our shares versus massive cost in litigation? While ever we exist on the Guernsey register we are safe as owners/shareholders. Realistically what can we hope / expect for our shares or in a proven case of this nature or any compensation from regulatory bodies from a proven fraud? How will this unfold do you think regarding getting our Shareholder value is my primary concern like us all. Directors personally liable et al I understand that.

However I raised a "cause to the contrary" objection to the Guernsey registry with my evidence and the strike off has been suspended indefinitely. So safe and they cannot change this on some technicality? Do not trust this shower at all. Seriously Dash just tell us what we need to do - uncharted territory for me and guess many on here. Presume it will be updated on the Guernsey registry what you have actioned. May prompt them into making an offer for the other shares. They would lose their investment in dissolution too, so must be worth it for them if that was their plan to buy the assets from the Guernsey crown cheap having already lost the £3.3 million investment. Look forward to the updates..

However I raised a "cause to the contrary" objection to the Guernsey registry with my evidence and the strike off has been suspended indefinitely.

You obviously have evidence so the strike off has been suspended indefinitely. So presume now we are safe from dissolution and wipeout? Rest of us don't have that evidence or I would and sure others on here will follow. Has it changed to suspended indefinitely? So safe.

If this went to dissolution all Shareholders would be wiped out so the fundraising exclusive club would lose the £3.3 million they collectively put in and hope to buy from the Guernsey Crown the assets on the cheap. Wouldn't they more likely to back their investment and make an offer for the remaining shares they do not hold?

'Despite this I have confirmation from a woodbois director that woodbois still exports and a management/shareholder governance still exists in November and December 2025.' Which WBI director? Are the exclusive 0.05 club and BOD running WBI as the RNS's have stated? Those in the club, don't think their intention was to stay on AIM. Don't think Littlejohn are the Auditors of WBI. Will phone again tomorrow suspect WBI terminated the arrangement. Knew they was more to this...

Is it just the small shareholders they are trying to shaft or all Shareholders.. Majority institution owned. This plan by design... Taking assets to new Dubai hub? Anything to do with the fundraising investors? Swiss and Dubai et al. Are they trying to take this private on the cheap?

I possess many revealing documents and screenshots. I intend to setup a discord group where we small shareholders can organise and fight this. Dash just set one up if you will. Time is running out. Any sign of the accounts?

The reason for the strike off on Guernsey registry is "ineffective registered office". Would it still be dissolution in a month?

'I have lodged an objection with the Guernsey registry to halt the strike off.' What is the course of action with this?

VC's indeed are not known for losing money. They have around 58 per cent of the Shares in circulation for £3.3 million.... That is a majority holding hence if anything is to come regarding Corporate action it will come from them IMO. I bought before suspension having traded prior and it is not life changing money in my case and have other investments which have more than made up for this even at a total loss here. I just cannot see them writing this off to experience unless the situation really is that dire as Valsen has stated. It does not make sense the way it has gone BOD RNS's v reality.. Whatever that is and the salient point is there has been no distress RNS's deviating from what the Board has claimed fundraising onwards newsflow. Unless that is blantant lies that does make them culpable as Directors current and previous. I am pleased they have been reported to AIM regulation. For me it is the fundraising onwards that I find the most interesting and frustrating at the same time. It was destroyed SP wise on an epic scale prior but always seems during the previous suspensions to stay listed on AIM. Even when the Nomad walked away let alone asked to cease by WBI. And no tried but to no avail RNS prior to suspension which is very rare.

So where is the CEO? Dubai perhaps. Remember you mentioning zero balance on 2nd Dec, how can you know that unless really close to WBI?Maybe the figurehead CEO? So BOD have done nothing operationally and production since the fundraising and no money left of the £3.3 million raised. Lied in the RNS's total mis-information. I think even you like many thought they would get the accounts signed off and remain listed. Why do you think they didn't - if they represent a true and fair view and complete no matter how bad they are. Seems to be in your opinion this is just total fraud. Have you actually seen the CEO? All the equipment on the website that was mentioned very recently by Styxfan 31 Dec with detailed information with pictures detailing massive investment over recent years - assume that it true and real? Or it that lies and a total shell? Can you explain how they got the fundraising away when they had literally ran out of money - to raise that in Venture Capital is impressive. Do you think those fundraisers want to take this private all along or just simply duped and fundraising conditional on those appointments who by your opinion have done nothing and took all they could.. No money left. This simply does make sense unless total fraud. Will the fundraising shareholders just walk away from this? What an abysmal investment if they do for the holders and clients...

For me it is simple... As Shareholders we collectively own the company.. if the accounts are not submitted by two months from 9th December. Dissolution will occur and Shareholders will highly likely get nothing back. Email and ring the Institutional Investors - in fairness on MASS as PI's.. concentrating on those who own the majority of the total shares... see my previous posts..ie. Those who partipated in the March/April fundraising and state the concerns we collectively have as Shareholders and the lack of news. Ask have/are they wanting to find out the situation - are you in communication with the BOD? Are they going to walk away from their investment or back it... Look to take it private? Maybe looking to list on the Aquis exchange? They will have the power to find out and we are looking at around a MONTH left - it is very much time critical. Writing to the CEO expressing concern will likely get you nowhere. CEO is in Gabon not London or Guernsey. WhatsApp groups perhaps if this goes to dissolution - see what AIM regulation state and do about this debacle.... if indeed it is..likely. Maybe ring the Gabon number on WhatApp? Woodbois in Gabon are: (as far as I can find)

+241 66 18 13 01 (for the Libreville office)

+241 74 97 69 89 (for WOODBOIS GABON)

BOD work for the Shareholders. They should be forced and hopefully have already massive pressure to relay the situation to their Shareholders (Institutional). This really is a disgrace and unusual to state the least. Maybe a low ball offer to take it private may have been on the agenda all along? Us PI's are far from happy and totally understandable. Not heard anything from the March/April fundraisers offically as yet - will they be impressed with this? Will they be a Corporate action? ACTIVE not passive we have a month... if we lose out as Shareholders - overall not a large loss overall for me. But how this has played out is certainly annoying.. those responsible past and present need to be brought to account and dealt with. As the owners collectively.. we have been treated with contempt and totally unacceptable

What I have done is sent an email for the attention of the CEO. In addition emails sent to those who hold shares in the March/April fundraising. Clients of Hobart Capital around 26 per cent - HC themselves just hold the warrants. Triaxis 22 per cent. The Dubai two organisations who partipated in the extra funding about 10.5 per cent holding. Also sent an email and to our largest shareholder prior to fundraising according to the Website. Got around a month or all Stakeholders will lose out, only the I. I. will likely be granted an audience. Email and/or ring perhaps? Have spoke to Hobart Capital. We need to be as PI's pro-active in this IMO. So many questions to answer... Shareholders do not know the situation can only summise and with the silence look on the bleak side. Which maybe the situation however there have been no distress emails/RNS's financial or otherwise from the BOD or Nomad before delisting - how difficult can it be to get the accounts signed off? Indicated 5th June RNS that wasn't going to be too long but not before 1st July...🙄. Ring and email - perhaps registered letter but active....

I am prepared to take this further. Compare BOD version to possible reality of the situation...

"Finally, there’s absolutely no timber production in Mouila, nor any particular wood processing activity. Nothing at all. The record production levels are pure fabrication, blah blah lies, as usual. "

"It's been over a year since the company’s logging division has produced anything; it's no longer even authorized to cut timber. And there's no chance of it restarting now."

If that is true. Lies and total misinformation from the BOD - how they got the fundraising away is beyond me. Over a year ffs..

Sounds very impressive for sure.. Over the recent years they have had massive investment in plant and machinery - question I have - is this the same company to what some on here purport it to be in during the last say... 5/6 month? Again poles apart - doesn't make sense. What we as Shareholders and owners need is clarity as to the actual situation on many fronts. Institutional Investors would expect them to push for accounts and answers. As a minnow PI but collectively the PI's still hold a real chunk of this...we have just over a month...

There are many salient points to question - it is poles apart to what is in the public domain from BOD to that some posters are commenting on here. Was CEO appointed in January 2025 but was involved in the fundraising prior to the announcement as I understand and central to lead the company as CEO going forward. As far accounts are concerned shareholders have two months from 9th December - struck off from the Guernsey register for not filing accounts to come forward and protect their investment or likely dissolution and wipe out. So it is certainly time sensitive. If they had stated prior before delisting - BOD or Nomad that there are for example financial issues both were duty bound to report this prior to delisting and had many months from suspension. Opaque certainly. I did hear the rumour that they were looking to join the Aquis exchange which delving into that certainly seems plausible. Fundraising institutional investors will no doubt have more knowledge of the situation than us minnow PI's and the resources. To take this private would not cost much. Any offer will likely be low ball 0.03 to maybe 0.06 but unless it lists on an exchange again.. perhaps it is the best we can hope for?

You may be correct? How did they manage to raise so much in the March/April fundraising £3.3 million if the business was a shell with outdated equipment and effectively producing.. not much? Why were there no RNS's contrary to the 5th June RNS? All seemed positive apart from the delay in accounts. Why on condition of the fundraise did they put those in charge? Why did the Nomad not state any concerns during their tenture? What is so difficult in getting the accounts signed off as long as the accounts are complete and represent a true and fair view? I do agree it is a smaller business concentrating on operations in Gabon and offices in Dubai. They ran out of cash in March... why not let it fold then? From what those in charge on the Board were stating to your take on the situation are totally poles apart. How can the Board simply get away with their contribution of effectively nothing and alleged total lies and ommisions? We do not know the actual situation financial and on a number of fronts. Institutional Investors may just write it off - do they know the actual situation? They are so used to out of funds and a cash call throughout their history would have expected an RNS.... but nothing. If it is as you say no viable business how did the venture capitalists raise the funds if it was such. Getting cash of that magnitude for an AIM minnow with it's history is not an easy feat. Market cap is abit less than cash raised in March. Won't take much money to take it private assuming it is any kind of business at all. From what you are stating it seems nothing short of fraud. Contributions of course welcome from other posters and holders...We are all in the same boat as Shareholders ec

Pi's likely represent around 26 ish per cent collectively. For my part I have emailed those who took part in the fundraising who will be able to be granted an audience with the BOD if they haven't already. Simply expressing concern - they will be more than aware I am sure. The five from the website to my mind are just battered down shareholders who after fundraising probably own 14 per cent of the share capital collectively. Of them RS is certainly wealthy and did increase his shareholding in Jan. The two top shareholders at the time of the previous fundraise at 0.2 did not participate as I understand from news online. The lack of anything from the BOD is to my mind unusual to state the least. WBI have never had an issue to state out of funds and another proposed fundraising. WBI and Allenby prior to delisting via RNS could have easily put out a number of RNS's if the situation has changed from the 5th June RNS. They are duty bound to. If the resultant situation which has been indicated as such is the operations in Gabon and the offices in Dubai does it really need the cost of an AIM listing? I have also contacted via email WBI. The bad news in that RNS was the 'working tirelessly' indicating not long in suspension but not going to be finalised by the end of June. Rest although certainly lacking detail was positive soundbites at least. If there is anything it will come from the fundraise exclusive club in March/April who put those in the positions on conditional of the funding. Two months from 9th December or dissolution and likely total wipeout for shareholders. Fundraise shareholders own circa 58 per cent and have deep pockets - conditional fundraise on those people in charge... do they just walk away and write it off? Or act in a corporate action to aquire the entity, taking it private....

Only the BOD's know the actual situation. Perhaps Institutional Investors may already know the situation as they will be granted an audience with the Board. The fundraising in March was dependent on CEO and CFO in those positions... No reports of financial stress RNS or from the Nomad. Allenby was asked to leave - implied another lined up then silence. Delisted - struck off Guersney Register 9th December. Shareholders have two months from that date or dissolution. Still silence. If there is a corporate action from Institutions it will come from those who were involved in the Fundraising IMO. Triaxis owns 22 per cent of shares. The two Dubai investors own over 10 per cent with the clients of Hobart Capital owning the rest, totalling around 58 per cent of the Share Capital. Fairly sure in the fundraising in March the existing shareholders was not aware of it - only the 'exclusive' club. Now if the accounts are complete and represent a true and fair view of the financials they would have been signed off by the Nomad... no matter the actual financial situation. Because not signed off implied financial distress on Ai. CFO resigned with mutual agreement with the Board indicating that accounts were complete presume - prior to delisting... likely half paid in shares like others previously. Did hear a rumour that they were looking to list on the Aquis Exchange but that was before the Guernsey strike off. We know this has been reported to AIM regulation by samthe spaniel. This just seems so bizarre to me. If they were/are in financial stress the Nomad and BOD should have stated so... Duty bound. Invariably they red flag this a number of times prior to delisting. The suspended 0.03 pence price valued the company at a little above Cash raised in April. Wouldn't take much more investment to take private, maybe through the 'smoke and mirrors' the intention all along?

Given the complexity, it's wise for significant shareholders to get professional advice on their rights and potential avenues to protect their investment before the deadline.

This is a critical period, and prompt action is essential to avoid losing their investment entirely as the company moves towards formal closure.

Guernsey Registry struck Woodbois off for failing to submit audited accounts. 2 month window from that date. The Institutional Investors will be active in this and then us Private Investors... any suggestions for us PI's combined will be a decent percentage of shares in circulation?

Have they prepared the accounts? Are they still trying to get them signed off? What is the actual situation? Many questions in all aspects of this 'business' . Will the major shareholders know or in the process of finding out, still think this is over 73 per cent Institution owned. Are they going to just take the loss or perhaps make an offer for the Shares they do not own and take it private? Or in the process of dissolution voluntary or involuntary? Annual validation not due until Feburary 2026.

I am personally more concerned in timeline from the fundraising in March/April who placed around £3.3 million in the coffers for working capital only on the stipulation that those people in the RNS in March were in the positions they insisted on... or the fundraising simply would not go ahead. They did their due diligence and raising venture capital when they were simply out of money was really a result. Market cap on suspension slightly above what they raised in cash in April. No RNS sales reckon they own 58 per cent of the shares. Cheap way to buy into WBI. No RNS from company prior to delisting which is very rare 'tried but to no avail'....sorry Shareholders. Makes me wonder if they were actually bothered about the AIM listing - they are costly to maintain - wanted to simplify the accounting process and indicating that only Operations in Gabon and offices in Dubai is what they want to downsize and concentrate on. Maybe the Institutions in the fundraising one of which is in Dubai may want to take this private by offering to buy shares be inexpensive to do that and indeed have deep pockets could certainly be a possibility? Perhaps looking at a much cheaper, listing somewhere with less regulation allowing Shares to be traded? It is about whatever share value is left here. Allenby didn't report any red flags as Nomad. Still think it is circa 72 per cent Institution owned. Those will be wanting to know or know the actual situation at WBI no doubt about that. Financial, Operational, Sales, increased revenues et al. Only 3 weeks from delisting..

Those venture capitalists insisted on those in the positions from the late March RNS otherwise no funding that's why I think there is more to this. Cheap way of getting equity. Business circa 20 years. In fairness it will be down to the Shareholders to gain control. Or simply walk away. What the actual position is personally not sure. Deep pockets and not known to lose IMO