Member Info for Maffa

What I got out of Allenby Capital I posted on here. See previous posts. 2 phone conversations and an email to pass onto WBI from their nominated broker. On holiday atm Golden Sands Bulgaria. I would have thought out of suspension by now and some communication however the other three shares suspended same day are still suspended. With only Caspian updating the market and staying on the Russell index. If this gets out of suspension I do expect a massive gap up jump on the SP when trading. See previous posts. It is a poor showing from WBI for sure - what is the cost of an RNS updating the market. There is great value upside here all we can do is wait. Increase in US listing volume and massive price increase maybe an indicator but only small in comparision to AIM listing.

Dash - I have spoke to the Director - PD and another person who potentially is dealing with WBI as the Director was on holiday second time I phoned. Phoned the number which brings you through to reception, stated I was a Shareholder in WBI and gave my name and asked to be put through to whomever is dealing with WBI. I have also expressed concerns and sent an email in addition to info@allenbycapital.com stating that can this be forwarded to whomever is dealing with WBI at Allenby and can this be passed onto the Woodbois management. Because they will have contact email, telephone as they are WBI nominated Advisor

I have written to Allenby Capital via email to ask them to pass on my concerns to WBI. The usual, the FY accounts? Timescale? Lack of communication since and particularly the two days - Wednesday and Thursday last week and subsequent movement off Russell Index for lack of communication. Generally what is the situation of WBI... Lowest ever SP and shareholders / stakeholders particularly backing the fundraising at 0.05. Not going to be impressed - accounts delayed.... Here we are not far off three months from the 5th June RNS. What is the issue exactly? Communication would be desirable...

Trading Update

Further to the Company's announcement on 28 March 2025 regarding the trading conditions in Gabon, we are pleased to report that production has resumed as planned.

Year to date, significant volumes of wood have been repatriated under forestry concessions, with a notable increase in activity during May 2025. Production has similarly been active, reflecting increased utilization of available material.

A substantial volume of wood remains to be repatriated from the forest under current forestry concessions, aligning with the onset of the dry season, which facilitates transportation.

The entire stock of veneer held at the end of last year has now been sold. A major portion has already been shipped, delivered, and paid for, while the remainder is at the port undergoing customs processes, with shipment and payment expected shortly. Additional veneer is currently under production and is set to be exported in the near term.

Participation by management in international trade shows in Dubai and Cologne recently led to a boost in sawn timber sales, with exports completed and further contracts signed, now pending final steps in production and agreement finalization.

Several negotiations are underway for the sale of existing sawn timber stock and for future production.

Gabon's ongoing economic recovery and infrastructure development have opened new opportunities for domestic log sales. Woodbois Gabon has already secured its first local customers for this market.

Revenue for June 2025 is projected to increase based on current contracts, production levels, and both export and local sales activity.

We look forward to updating the market with more detail in due course.

All positive apart from the accounts delayed 🙄.

Prior to the fundraising when they effectively ran out of cash. I would say very much a possibility then. But not since the fundraising and if it is the case in the details of the FY accounts when submitted that hopefully makes the company a viable business and concern. They are not bankrupt unless the fundraising has evaporated or gone. Raising the cash was a great victory and doubt very much it would have been so successful as they invested at such low levels.. Indeed there are great assets. A dismal decline from the year high even. Where we are at 0.03 - is a dismal performance SP wise - here for the delay in accounts which have got to be issued soon. I think because there has been no RNS Wednesday and Thursday last week. Certainly in fairness it has annoyed me. But news soon hopefully.....

However it is 0.03 was prior to the 5th June RNS with decent volume 0.072...FACT going into FY accounts.

He said will provide feedback to WBI. Director on annual leave who I spoke to previously. Email or phone Allenby Capital with your concerns. Stipulate it is WBI and send email - I was assured by the receptionist it will be directed to who is dealing with WBI. Spoke to two people will send an email also over the weekend. My feedback has been directed to WBI, certainly the last voice call said they will.

3 out of 4 didn't update the market with an RNS. Only Caspian Sunrise did update some figures and still be a few weeks before FY accounts will be submitted. They are still in the Russell index. Why didn't WBI do something similar? Cannot imagine any Stakeholders will be content with the situation, those who took part in the fundraising and the Institutional shareholders. Agree the customer London number just rings! I have left feedback at who is dealing with WBI in the absence of the Director who is on annual leave yesterday. Asking why no RNS durung the last two days and concern over the lack of communication to Stakeholders. I have been informed they are still working on the FY accounts and as soon as available be submitted to the market and are in production as in 5th June RNS. I have asked my concerns to be passed onto WBI from Allenby Capital.

I concur. I have done the same. Research into this also using the other shares mentioned. Basically giving WBI two days to communicate.

'Company need to announce or communicate plans that show it is a going concern before 7am on 29th August or it will indeed be delisted.'

Most likely scenario I agree.

So RNS Wed or Thurs almost certainly expected.

Reckon your best post Dash. As for a private takeover, perhaps. Too much value here. Extremely undervalued.

No more than 40 is how I read it. After 40 business Days it is what they have to do hence the RNS. Some indication from WBI of when FY accounts will be submitted is required. FTSE Russell has had no information from WBI of when.

Suspended companies*

If FTSE Russell becomes aware that a constituent is suspended, index treatment will be determined

as follows:

– If a constituent is declared bankrupt without any indication of compensation to shareholders, the last

traded price will be adjusted down to zero value and it will subsequently be removed from the index with

appropriate notice (typically T+2).

– In all other cases, the constituent will continue to be included in the index for a period of up to 20

business days at its last traded price.

– If the constituent continues to be suspended at the end of that period (the suspension period), it will be

subject to review. FTSE Russell will take into account the stated reasons for the suspension. These

reasons may include announcements made by the company regarding a pending acquisition or

restructuring, and any stated intentions regarding a date for the resumption of trading. If following review,

a decision is taken to remove the constituent, FTSE Russell will provide notice (via an Informative Notice

for those index series which are supported by the index notice service*) of 20 business days (the notice

period) that it intends to remove the constituent, at zero value, at the conclusion of the notice period**. If

the security has not resumed trading at the conclusion of the notice period, it will be removed with two

days’ notice.

*For the avoidance of doubt, constituents of those index series not supported by the index notice service

will be removed at the conclusion of 40 business days, with two days’ notice.

**If during the notice period further details are disclosed as to the reason for a company’s suspension,

those reasons (and any possible resumption of trade date) will be taken into account when determining if

the company should remain on notice.

– If a suspended constituent resumes trading on or before the last business day of the notice period, the

deletion notice will be rescinded and the constituent will be retained in the index. However, where the

constituent resumes trading after the 40th business day of suspension, the constituent will continue to be

removed from the index as previously announced but in these circumstances the deletion will instead be

implemented at market value unless there are barriers that render a market value irreplicable. In this

event, the company will continue to be removed at zero.

– If the notice period expires in the week preceding an index review, the company will be removed in

conjunction with the index review.

Could be a multibagger if you will be able to invest at 0.03p after an RNS. Do think this will gap up significantly when this resumes trading. Share value whilst in suspension is of course at 0.03. Hence all shareholders are underwater at this time and obviously cannot trade. Still have ownership of course. A treble is at 0.09. Shares going into suspension get hammered WBI is no exception. There will be many who held into suspension. Obviously the strongest sell following June 5th RNS.

They got the funding at 0.05 level. Figures are the FY accounts of course. That will be submitted and WBI trading again. Was at 0.072 prior to the 5th June RNS. Going into the FY figures been submitted to the market at the end of the month. Which obviously did not happen. Market Cap is not far off the total of the fundraises at 0.05. Figures will be definitive going forward. Backing a multibagger from this lowest ever suspended level of 0.03. Assuming figures are what the market expects. May even surprise to the upside. At say 0.075 perhaps downside? At this level doubt it very much. Justification.. it did double in SP with strong volume.

John Depasquale

Director Allenby Capital

Is who I spoke to on Wednesday last week. Explained I was a Private Investor / Shareholder in WBI. Receptionist put me through to who is dealing with WBI. Information he gave was simply yes they are working on the accounts. Effectively it takes as long as it takes. Once finished they will inform the London Stock Exchange and be trading again. Sure that is immediate the trading. RNS clearly states they are working on the FY accounts. The Auditors when they sign them off will want to ensure accuracy and a true reflection of the accounts. WBI stated they were late getting hold of the accounts. In addition the streamlining of the process going forward. Guesswork but think by this month is out - be then 3 months from 5th June RNS. We only know what's in the public domain the rest is superstition, interpretation of what makes logical sense and the gut feeling.

10 weeks since that annonucement on the 5th June but understand the sentiment. But hopefully before this month is out. The wording of that RNS implied it was towards the end of the audit process but will not be completed in time by the end of June hence temporary suspension from 1st July.

Nominated Advisor this week who is dealing with WBI. Of course they are working on the FY accounts. When I mentioned CR departing and whether that would impact on when the accounts are made public he didn't seem fazed. Was more focused that the auditors will ensure the job will be done comprehensively and streamlining of the process going forward. Of course once in public domain will be back trading suspect not much longer.....

Got suspended the same day as WBI and is still suspended. Post from Brunello 1st July.

Whilst the audit process is significantly advanced, additional time is required to finalise it. We therefore now anticipate that the audited annual accounts will be released no later than during August 2025.

From their RNS. Certainly more detail the WBI.

Point is suspended same day as WBI and still is as an example so for that share sometime in August presumably perhaps 2 month if at the end of August. Perhaps ring the number posted for the nominated advisor? Couple of months seems fairly usual.

Trading on AIM for the under-mentioned securities has been temporarily suspended from 01/07/2025 7:30am, pending publication of the Company's annual audited accounts. If you have any queries relating to the above, please contact the company's nominated adviser on +44 (0)20 3328 5656. 30 Jun 2025

Obvious error there Dash. Not 6 Months. 6 weeks in suspension. Audited accounts will take time. Seems likely to me they got their hands on the accounts perhaps around March time fundraising time late March. Pure guess work. They did state they were late getting hold of the accounts. Coupled with the simplification process.

From Sam's RNS

The Company announces that its audited annual report and accounts for the year ended 31 December 2024 ("FY 2024") will not be finalised ahead of the deadline of 30 June 2025

Note the word finalised. This presumes that the bulk of the work has already been done. One would assume that. Economicial with the truth suspect yes. How long is the average suspension due to delayed FY accounts? Genuine question 2 or 3 months any examples that anyone can quote? I would assume they would publish the FY accounts and ask for trading to resume on a near future date. Without going back through many posts sure someone suggested those auditing the FY accounts were one of the top organisations.

Only what you get from the RNS's should and would be facts and not substantiated opinions. The Private Investor works on what is in the public domain - research and general gut feeling buying on weakness and selling into strength. Positive soundbites don't cut it as having to temporarily suspend due to delay in publishing FY accounts although not uncommon in AIM. It is a poor showing as should be bread and butter compliance. However the FY figures will be released I am sure and may surprise to the upside as although lacking detail - positive soundbites. The detail will be in the FY figures. Personally I wouldn't be impressed if suspension was only a few weeks as the SP got thrashed from 5th June RNS. I do hope the Board do read this LSE chat, it has been an abysmal experience on this just holding from the year high. I come late to this following fundraising and profited from this and hold a position from the latter days going into suspension. WBI certainly need to give more consideration to Shareholders and those from the recent fundraising at 0.05. A further update even before FY accounts would be expected following the departure of CR.