Member Info for Maffa

Appreciate your response. For me made circa 50 percent average about 4.5 pence during the ramping of the Carbon Credit. Many years ago. Got involved again during the fundraising for working capital in March sold in decent profit quite near the spike. Then got involved again going into suspension. Thought it may be 3 months as streamlining the process in addition. Anyway relative short termer. Getting fundraising for working capital circa 3.2 million was quite honestly amazing... From UK, German, Swiss and Dubai investors who as no Sales RNS must hold around 58 per cent of the shares. Why the website is not updated since January is beyond me. Volume from 5th June RNS was not massive dropped the price from 0.072 to 0.034 lowest to buy and 0.03 suspension price and latter days the sell price. Reckon 72 per cent institution owned. They must be livid or perhaps a cheap way to gain that 58 percent ownership. Sam the Spaniel looking for potential untruths 5th June RNS does spring to mind and if the situation is how you state it is Valsen there are many questions as to where has the money gone. Shipping, production ramping up, sales, expected revenue to increase and the rest. Bearing in mind the market cap on suspension was not far off the cash raised in April. What exactly is the value of the business?Shareholder value.... Why did it raise working capital in March .....venture capital not known for losing. Many questions Institutions raising venture capital will not be impressed at all.. What a miserable short ride they have had

There certainly has been no Institutional sales RNS since the fundraising. RS increased his shareholding in Jan. The 5 Institutions owning over 3 per cent having not taken part in the fundraising as exclusive.. own a total of around 16 per cent of the issued share capital. So it is plausible that circa 73 percent is held by Institutional Investors. 58 per cent owned from the fundraising in March. Directors past and present holdings plus perhaps Institutions holding less than 1 per cent. Rest is PI's.

'As of December 2nd, WB Gabon's company account at BGFI Bank has a zero balance. This isn't new, but it's what the statement shows.'

How close are you to WBI purport to know this? Not something anyone would know outside the Bank and private information of course and Board of WBI would know? Also do you think the Shareholders who funded the fundraising were duped or just trying to take it private on the cheap? Is anyone actually employed on site and actually doing anything and getting paid? How the recent fundraisers.. March / April stumped up over 3 million supposedly having done due diligence is beyond me. Insisting the fundraising is conditional upon those appointments and remit of the March RNS and takes us to where we are now and still no news and updates. Doubt the UK, Swiss and Dubai fundraisers will be impressed with this... Unless there is more to this?

Valsen's posts certainly seem to be the total opposite of the RNS's from the company. So allegedly are the Board past and present RNS's truthful? No RNS prior to delisting which is very rare and in all honesty we do not know the actual situation. The fundraising in March was made conditional on those people in charge and responsible. Reckon ended up cicra 58 per cent of the share capital. Supposed to have done their due diligence in addition. So have they been instrumental in the position that we are in? Perhaps looking to take it private on the cheap? Or just another rinsed capital raising? Again we do not know the cash position or much at all. I have emailed those involved in the fundraising and the major shareholder whether it got to the right place or not they were sent. So are we collectively looking as a Class Action or waiting for news from Institutional investors and perhaps and change of corporate governence news via our Brokers? I have gained but looking at an overall loss here. Know PI's some of which are in deep and it is all relative. Still reckon it is over 70 per cent Institution owed. Think this site will stay up. St Ives still up from 2022.

Indeed so. My Broker has said just wait and see what transpires. Read my last post. They put those in charge conditional on the fundraising going ahead. More to this than... It's over and finished - it maybe. But over 3 million raised... Why not let it go bankrupt then... It did simply ran out of cash earlier this year. Exclusive club at 0.05 pence circa 58 per cent of share capital.

Lucas Kanmé CEO, Cobus van der Merwe - working on auditing accounts backlog and streamlining and simplifying the accounting process with Emmanuel Henriquet (on LinkedIn) as MD CFO. They were brought into their positions or the proposed fundraising late March would not go ahead. It was conditional by those who supported the fundraising at 0.05 in the 'exclusive club'. They dictated that and put them in place. Gaining circa 58 per cent of the shares. CR 5th June RNS then stepped down as interim non-executive Chairman RNS 22nd July. Now have the 'exclusive' club made a gross error insisting on these appointments and remit and absolutely spitting nails or there is some other reason behind this? To state looking for another Nomad - dismissing current one then not even commenting via RNS..prior to delist well certainly would expect an RNS. Perhaps the 'group' intend to take it private and make a Tender Offer? Or paid out over £3 million for a short ride of misery and loss.

Yes, it is usual and, in fact, required under AIM Rules for a company to issue a Regulatory News Service (RNS) announcement to explain why it has not secured a new Nominated Adviser (NOMAD) within the one-month deadline.

Probably still on the hunt for a new Nomad... 🙄. No explanation RNS prior to delisting from AIM. Those involved were those people put in place as a requirement for the Fundraising to go ahead in March/April. Does not make sense to me. So many questions that I am sure every shareholder wants to know. Gained when it spiked and sold - likely lost out now the Shareholding I had prior to suspension. To me as I would put guesstimate of over 70 per cent Institutional ownership as no sales RNS since the fundraising. RS actually bought in January to add to his holding. Would expect the I. I. particularly those in the March/April fundraising to get involved in the future of the company. Those companies have very deep pockets and an abundence of wealth. Kaiser Investments LLC. Alcazar Investment LLC, Hobart Capital. Akira GmBH and Triaxis SA. No red flags from Allenby as is their duty during their tenure. Could be taken private, a possibility it could relist.. but doubt that, perhaps another company in the industry may make an offer for WBI. Are the FY accounts complete with the Director leaving, brought in to sort those accounts. What state are the finances, cash position et al we simply do not know and that's my point. Shareholders still own the company. Think there will be a change of governance which will need Shareholder approval. Wonder if that was their plan all along certainly got 58 per cent of the share capital resulting from the Fundraising... That is massive influence re Shareholders versus whatever position WBI is in on all aspects...

The statement is incorrect; a Guernsey company like Woodbois is obligated to produce accounts, but there may be an exemption from public publishing and auditing if the shareholders pass a waiver resolution. While Woodbois is a Guernsey company, the statement that it has no obligation to file or publish accounts is misleading. Conclusion

While a Guernsey company is not required to publish its financial statements to the public register, it still has legal obligations to prepare and report them to its shareholders and fulfill annual filing requirements with the registry.

Yes, a delisted company like Woodbois still has a legal obligation to produce and publish its accounts to its shareholders and relevant regulatory bodies. While trading on the AIM exchange was canceled, the company remains a legal entity and must continue to meet its ongoing financial reporting obligations, including the publication of audited financial statements.

Delisting and reporting

Delisting vs. Legal Obligation: Woodbois Limited's shares were delisted from the AIM exchange in November 2025, but this does not absolve it of its duty to produce financial accounts.

Reporting to Shareholders: The company is still required to publish its annual audited accounts to its shareholders, who still own their shares, albeit without a public exchange to trade them on.

Regulatory Compliance: Woodbois must adhere to the reporting requirements set by the relevant authorities, even after delisting.

Impact on Trading: The delisting means the shares can no longer be traded on a major exchange, and they may trade on an over-the-counter (OTC) market, which can affect liquidity and transparency for shareholders.

The Subscription (which will comprise a firm and a conditional element which will be subject to shareholder approval) is being made available to certain UK brokers and Triaxis SA, a regulated Swiss asset manager, but is not available to the public. From 28th March RNS. 5,199,179,349 31st December 2024 12,339,797,530 1st May 2025..latest. So these I assume hold 57.8 per cent of the shares. There certainly has been no Institutional sales RNS since the fundraising. It was a move down from 5th June RNS 0.072 with the buy at lowest 0.032 and sell 0.03 prior to 1st July and suspension. The 6 Institutions owning over 3 per cent having not taken part in the fundraising as exclusive.. own a total of around 16 per cent of the issued share capital. So it is plausible that circa 73 percent is held by Institutional Investors. It is a great way to get a majority shareholding as if there is any change of Corporate Governance it obviously requires a Shareholder vote. Fundraising was conditional on placing their own people in WBI. Plus whatever Directors still hold past and present and those who got half paid in shares for their services. Rest is PI's. Guesstimate. Shareholders versus what the reality actually is at WBI. Only a few know that. Institutions will want to know the actual situation on many fronts as to the actual state of play. Everything going as detailed in the RNS's because of course they are duty bound to report any material changes that deviates from what they outlined in the March 28th RNS for example.... Outlook, Sales, Shipping et al. Think the most poignant ask is why let Allenby go with the intention to change the Nomad - assume they would have lined one with the wording in the RNS and ended up delisting.... and no RNS from them.

Would expect from the Institutional Investors some action, particularly those from the fundraising. The company line is all pretty positive. Allenby hasn't flagged up any concerns to the market as their remit. A few posters on here always negative on this stock and in fairness I totally understand that... Shambolic investment. Taken from the fundraising to this current situation they simply may be correct, this should not be happening. Have they still got most if the money? Only those involved over there Board et al and to a lesser extent employees are in the know. The Stakeholders will certainly want to know. My Broker advised me to sit tight and see what unfolds and expect some corporate governance some time in the future, watch for updates from the company and Stakeholders. With 12.32 Billion shares in issue Shareholders own the business that doesn't change until a proposed change of governence approved by shareholders or winding up.. Bankruptcy. Could this be the plan to take it private? It certainly doesn't need a listing and would be better functioning as a Private Business those who stumped up over 3 Million combined have very deep pockets

No delisted as no new Nomad found within a month even though they asked Allenby to go as they wanted to change Nomads. From that you would suspect they had a company lined up... End of play Thursday was a month - 20th November. No RNS from WBI, just the one from LSE.

6th Jan 25 from Website - 6 own more than 38 per cent of the share capital. Then the fundraising £2.65 million (before expenses) plus £650k in March/April raised the share count to over 12bn. Regardless of delisting those shares are held largely by institutions particularly those who were behind the fundraising this March. Why there is not an up to date list is beyond me. Those institutions who supported the fundraising in March put.. Lucas Kanmé and Cobus van der Merwe in place. No stakeholders will be happy with the situation at present. Us Pi's are just minnows few grand here and there generally. Institutional shareholders will want to know just exactly what is going on. No RNS from CEO just the LSE. Very poor indeed and unacceptable. Likely plan all along was to take it private? Still listed in US and Frankfurt I believe.

All Stakeholders, Institutional Investors, those who put millions in the fundraising via Allenby Capital would have expected an RNS by the close of play.. Now yesterday. It is strange the RNS dismissing Allenby wanting a new Nomad must have had had at least one lined up in preparation? An RNS is expected maybe delayed in certain circumstances.. Hopefully but I would expect some communication as WBI as instigated the move from the current Nomad knowing a month deadline from the RNS. I would - and the RNS states exactly that despite the FY 2024 accounts delayed in addition.

Not the RNS I was hoping for - however far too long for FY accounts so perhaps a change is due. Prior a few weeks if it is not working. Have to have another Nomad but how much longer?

New Nomad may be the way forward. Someone lined up reckon so. Time will tell got a month from today's RNS. In the History do tend to find another Nomad.... Time will tell - overdue from the 5th June RNS. Working tirelessly! ... Has gone....

Agree with that post Dash..

'The Company is implementing a complete simplification of its corporate structure which will both make operations more efficient and simplify future accounting and audit processes.'

Getting on with what they have stated in the RNS. Update and accounts soon would be appreciated. Point is.. this it is happening in the background. Presumably the investors at 0.05 know more than us and are content as a result. They must have done due diligence and see real value in the shares at the level they bought in at. This will be back trading, hopefully with figures and a simplied structure to make this a real long term sustainable business.. From the 0.03 level and current market cap at this suspended level when back trading be much higher. Time will tell of course.

Has to be taken in context to the share price decline over 2024. Which has been massive. At the point of value of 0.05 fundraise price level. We are 60 per cent of that in suspension. It was more than double where we are now before the 5th June RNS. Whether they are delaying to coincide with 2025 Half Year results very difficult to prove of course but when they are ready WBI are duty bound to release FY accounts as we all know. Maybe next week eh? Got half payment in shares. This will be back trading soon hopefully🙄. I did send Allenby another email to pass on to WBI Board

All four of those suspended with WBI included are still suspended now. Only one of them is still on the Russell index by issuing an RNS. Caspian. What we know from the 5th June RNS is lacking detail but certainly was overall positive apart from the FY accounts aspect. I understand Caspian - third year in a row they were late submitting FY accounts. CR not sure he was going to be a permanent fixture. You stated he took compensation in shares not sure where you got that information from - but do remember you posting that? So on that basis it is reasonable to assume WBI will be trading again. The FY accounts will be published - we have heard nothing to the contrary. Assume nothing has changed WBI has to inform the market. Production resumed months ago, sold and been paid et al in the RNS's. Not optimistic myself. Customer number just keeps ringing. Rang a couple of times myself. It is really poor showing that no FY accounts at this juncture. I did think it would be back trading from the beginning of the month. Communication is poor - so many on AIM are like this.

'The Company is implementing a complete simplification of its corporate structure which will both make operations more efficient and simplify future accounting and audit processes.'

It is very poor the lack of communication. Allenby did a great job in raising the funding. Not a holder then but doubted they would. An updated since January list of Shareholders would be useful. Those who took part in the fundraising at 0.05 would have done their due diligence. There is great value here... Whether the Shareholders get that value remains to be seen. FY accounts this month surely...they will be those on the inside track who know the situation. The Shareholders Institutional Investors plus those who took part in 0.05 fundraising. As PI's we are the last to know.