Member Info for Maffa

As stated in the Company's announcement released at 7.00 a.m. on 28 March 2025, as a result of the disruption the Company faced last year, there have been delays in gaining access to the FY 2024 accounts and as a result the preparatory work for the 2024 audit was behind schedule and certain accounting records were not up to date. Since this time, preparation of the Company's financial statements for FY 2024 has been ongoing and management has been working tirelessly to get this completed on an urgent basis. Notwithstanding this, despite the best efforts of all parties, the auditors require more time to complete their audit due to the delay with finalizing the FY 2024 accounts for the reasons mentioned above.

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.

Delay on starting the accounts could have been around the fundraising March time, coupled with simplifying the audit process. Think reason why CR exited - this was on his watch and effectively responsible. SP got hammered it was never going to be a couple of weeks in suspension. This will be back trading by September IMO. What is the general time frame of suspension due to the delay of publishing FY accounts? Couple of months I would think.

Temporarily... obviously RNS's can be posted. Delisted not so of course. This is temporarily suspended as the FY accounts have not been submitted by the end of June hence as AIM rules has to be suspended until those accounts are in the public domain and afterwards restarting trading on AIM. Hence why CR has gone.. Pushed IMO as although not solely responsible for the FY accounts published on time he was the Chairman. Working tirelessly doesn't cut it as SP at all time lows at 60 per cent of the fundraising price. Before 5th June RNS SP was 0.0712 on the 4th June with strong volume. I do think it may be 6 or 7 weeks in suspension but time will tell.

Likely so Dash, re reorganise the structure but it wouldn't surprise me if there are a few more weeks before the FY accounts are submitted and trading resumes. Although the Chairman doesn't have sole responsibilty to submit the FY accounts before the deadline, they are the main Kingpin to ensure what in all honesty should not be an issue. So the departure the Chairman was not a surprise.

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. From RNS.

How many do they need on the board? Delay in accounts although not uncommon on AIM, decimated the share price from the 5 June RNS until suspension on the 1st July. Stakeholders and those particpating in the fundraising at 0.05 will not be impressed at all. From 0.0712 SP on the 4th June to the suspended price we are at. I suspect that is why.

Meaning was only going to be 'temporary'

Scenario 2 - for sure.

Suspended at 0.03 because of the above. Fundraise at 0.05. SP price 4th June 0.072 with strong volume. Prior to FY accounts expected by the end of the month before 5th June RNS. We sit at 60 per cent of the fundraise. I fully expect no doubt IMHO when back trading for this to gap up markedly from the 8am bell. The weakness and time to buy was prior to the suspension. Massively oversold. Yes a multibagger x3 perhaps 0.09 short term. However this is constrained with the warrants at 0.12. Have to state talk of even 0.5 pence will never happen. 1 to 2 pence is pie in sky. Even at 0.2 doubt it very much.

Amazing how Valsen posted lol. I deal with facts and Share Price/Volume ratio and relative news and probable outcome. It is suspended matters not at all... Sorry but not Trolls and derampers. I give a fair assessment at where it was prior to RNS maybe some downside.... At the level it is NO. Time will tell....

No doubt that WBI are during the Dry Season are working at a considerable pace. The information are in the RNS's. Going into the full year accounts with strong volume assuming the accounts were to be submitted by the end of June the Share Price was - 4th June 0.072. The RNS lacked detail but all positive soundbites apart from the suspension of trading as the FY accounts were behind schedule. Therefore it would be suspended 1st July until the FY accounts were completed and submitted to the public domain and resumption on trading on AIM will follow. Temporary suspension. Not unusual on AIM and under the circumstances with WBI understandable but an RNS with the strongest sell. We are at the lowest ever SP because of that. Far below when it looked like they were going to the wall. Bearing in mind fundraising at 0.05 our suspended price is 60 per cent of that. They have indicated increased revenue and the rest all positive but obviously lacking detail. Personally I think they were way behind the audited accounts. I expect at least 6 weeks in suspension. From resumption in trading I expect the SP to move up rapidly and also other positive RNS prior to that resumption of trading. If fact would not surprise me if 0.05 was the Ask - 8am when this trades again.

There has been positive soundbites in the 5th June RNS. Lacking detail but work ongoing to simply the accounts and audit process. Which needs to be done, and the simplication should have been acted many years before. Revenue increase et al. When you had the small punt at 0. 07 I was already out. Certainly the warrants constrain this. A fair attainable target from this level is 3 times the current suspended level. Indeed the SP on the 4th June was 0.072 and good volume going a few weeks away from full year accounts... Which they couldn't manage - hence suspension and 0.03. I thought prior to the fundraising this could be admin and delist. That delist repeat continuing post Sarah has for many months since fundraising just makes you like you have an agenda or moronic or both. Guessing lost money on this share... Very easy to do or AIM in general. Which I do understand vast majority are losers however its the price you buy at and sell at that matters....profit. Accumulating around 0.04 and selling 0.07. This time around waiting for it to fall and buying around weakness as going into temporary suspension.

Value will win out and coming out of suspension with FY accounts in the public domain. Plus other expected positive news in the interim will see us trading 0.07 to 0.08 quickly IMHO. Wouldn't surprise me if starts back trading mid to late August. They are simplifying the accounting and audit process from the RNS and likely playing catch up.

5th June RNS landed. Lacking any detail but positive soundbites and suspension due to delay in starting the FY accounts so therefore not been completed by the end of June. SP went to all time lows. Going towards FY accounts share price was more than double with decent volume. Delay and suspension of trading has made the market cap where it is now based on the suspension price of 0.03. Happens on AIM of course but very poor from those running the company. Those who took part in the fundraising at 0.05 plus the additional amount raised are going to be far from impressed. But v

0.0725 - and just shy of 163 million traded. If the FY 2024 accounts were on time before the deadline. At that share price more than double where it was at the all time previous lows prior. Positive soundbites but no real detail in the RNS. But suspension and a delay in the accounts before the deadline. Share price has been to all time lows on the Ask. Wide spread most of the time.

It rose quickly and ended at the day highs on many trading days. The derampers ceased posting during the rise.. no surprise there. A suspension likely a few weeks IMO. I believe all things been equal it is very likely to get back to the 0.075 trading range when trading resumes and really quick, fast sustainable gap up. With the backing of the accounts in the public domain joining the other news Dash et al has posted numerous times. The constant delist message from Sarah - either a paid de-ramper, lost money on WBI prior. The SP performance really has been shocking - just look at the year high. Is quite honestly moronic. If it was suspended straight away at that share price level - would expect possible downside just using that as an example at the level it is only upside and significant at this level is my honest opinion.

Indeed so agree. It was obviously a sell last RNS and buy back at these levels towards a temporary suspension. AIM does what it does and overshoots massively - both ways. Final year accounts will detail where WBI are and actually provide a solid foundation. Facts to actually build from. For those buying in after suspension on the way up IMHO will be buying back in at around where it was before the RNS.

Interesting.

Very wide spread way more than Ask at '0.04' anything over £8,000 on a buy is quoted at 0.0415. Small amounts are at 0.0375.

The large spread at times today is insane has not put buyers off today. Certainly did not go down with selling pressure that's for sure. Buys mainly at 0.04 and near. Last step down. Nearly all buys. MM holding this down widen the spread drop the BID trying to hover up sells. Not worked of course. Have seen this go up recently on much less buying

Lowest sell at 0.04 for just £2,400 worth. 20 per cent less than the 0.05 new investor price. Maybe taken private - price action since the last RNS could suggest this? Paying 0.075 on the Ask only a few trading days ago. Did exit my last post. How quickly it turns on AIM. Quite shocked at the quick decline. Makes me wonder what lurks in those accounts from the previous Management tenture?

Has to be Institutional circa £15 million changed hands yesterday of shares mainly around the low of the day 33 to 33.5

Bought in 4 trades well below the 0.05 placing price and sold all yesterday. Large percentage profit and amount made. Albeit closed at the highs Wednesday and Thursday was pleasantly surprised didn't think the buying volume justfied that in all honesty. Yesterday there was really decent volume and 7 per cent up. MM did play with the spread yesterday and was down to 0.062 BID for a time. Spread of 4 to 5 per cent didn't seem to put off the buyers coupled with up 30 per cent in two days prior. Those who bought in around placing price and lower. Great profit and quick profit. Those Institutions bought and backed the placing are now in decent profit and could crystalise that. Warrants at 0.12 excercisable within two years. First time trade in WBI, the fall has been phenomenally woeful in the extreme. I remember the move up to nearly 9 pence from around 4 pence. 0.04 to 0.07 on the Ask yesterday. Time to buy was around the 0.04 level. Those wanting their money back with huge paper losses should have bought around then of course in hindsight but understand the sentiment of not putting anymore in WBI. It really was in danger of delisting and admin. That obviously disappeared with the fundraising at 0.05.

Closing at the day high again. Impending news tomorrow before Bank Holiday weekend to digest...at an educated guess. Looking at the cash to Market Capital ratio this is crazy undervalued. Market catching up