Member Info for Samthespaniel

Follow the RNS's from 24 May 2017 onwards, and note the RNS of 27 July 2020 which shows that Rhino Ventures Ltd hadover 26m convertible bonds, 123m Ordinary shares and over 951m non-voting shares.

This collosal holding shows who was an influential shareholder.

Much of this holding appears to have been sold into the market where the likes of Dashboom and myself were buyers.

Was WBI ever a company with a future? Or was it a vehicle to rinse the public on behalf of the shareholders to whom vast numbers of shares had been vested by Obtala? What was the role of Miles Pelham CEO of Obtala, and how many shares did he hold in WBI? Its there in the records.

I am amazed that Nykredit and others saw WBI as a worthwhile company to which they should lend money or take shares in lieu of cash.

The 'game' is nearly over. The cat's had all the cream. A lesson to steer clear of AIM companies if you want to sleep at night.

dear dash,

you won't move the price with your tiny holding and your constant barrage of chat. i've lost the same as you, but i'm realistic enough to concentrate on the 'actualite' and expect to lose all my investment in this company, but be delighted if it is not delisted and i can sell my remaining shares for better than 0.07p.

my '*****' with you is that any new and ignorant investors may see your constant promotion of this company and assume that there is big money to be made, which is why i believe that sarah provides he necessary countereight to your chats, as much as they are tedious to some. have you no conscience that you may have lured people into this share with every chance that they will lose all their money?

wait for the next rns (if we ever get one) and then give your opinion.

DASH - from your previous posts I believe you have about £600 worth of shares. Why expose yourself to all this ridicule for this paltry amount?

At best you may get back a few £hundred more if the shares come back to market and you sell quickly.

This WBI comedy meanders on.

Anyone ever see the 1967 movie starring the great Walter Matthau called "A guide for the Married Man". The quote "Deny, Deny, Deny!" is a memorable line from the film which explores the complexities of marriage and infidelity.

Our 'marriage'with WBI is so like this film. Their infidelities in their RNS's that say we should not believe what we just saw happen to the share price as anything of note and that we should accept that all will turn out fine.

In the opening sequence of the movie Walter Matthau is caught in bed with a lady and is harangued by the husband. Walter Matthau leaps out of bed naked (compare with WBI - no collateral) and immediately puts on his clothes claiming that the husband must have been mistaken that he was in bed naked. In the end he managed to totally confuse the husband and get away with his infidelity. A great farce well-played by the lugubrious Walter Matthau.

But its no fun watching WBI getting away with it.

Hand in the till? There's nothing to pinch!

Dashboom wrote," I asked questions verifying the June 5th 2025 RNS - production is happening as of now. The company is still operating."

As a shareholder for 3 years I have read upbeat RNS's as the company sank from 6p to 0.03p. The authors of these RNS's deserve an honours degree in writing bulls**t.

Valsen says that production machinery cannot be operating at adequate levls.

I have followed Valsen for years. He has tried to portray the local situation with honesty. His warnings have been pertinent whilst the RNS's have consistently failed to give an honest account of the siuation on the ground.

It will be a miracle if the accounts show that the company is viable.

Just read BCFC's total contribution to this forum.

"PERFECT time to jump aboard" didn't seem good advice back in 2024.

From dashboom:-

"it's clear to me now there are some posters and actors with a specific agenda here to encourage as many people to sell as possible via various misleading scare tactics".

I am not one of those dashboom! I'll recount the history of WBI for you.

Having invested £1,000 initially on 06/07/2022 at 5.54p in what I thought was an environmentally worthwhile company, I reinvested many times until 11/12/2023 when my holding averaged 1.0p, close to the share price. Should have got out then but was encouraged to stay in with the RNS of 08 February 2024 but saw the price drop to 0.5p when I sold. Thereafter the SP crashed to 0.04, lifted t0 o.07p and fell back to 0.03, which is where we are now.

I did buy back in at 0.07p recently for a small punt.

Having read the RNS's back to 29 May 2008 it is clear that Obtala Resources Ltd made profitable acquisitions in mining and agriculture. Then bought forestry interests in Mozambique followed by further forestry interests with Woodbois International ApS in May 2017 when company revenue appeared to be about $10m pa. In 2020 Covid struck and this appears to have hit production. There appears to be other problems, not fully explained in the RNS's of 2024, causing revenue to drop to $7.9m with losses of $4.6m.

This very small company has one production unit in Gabon, having divested itself of interests in Mozambique.

It is hard to see how it can ever raise production to pre-Covid levels sufficient to generate enough profit to service debts, bearing in mind that Valsen has reported the plant to be in poor condition.

Sarah probably has it right that the company will not recover. It is tedious to see dashboom flying his kite incessantly with no justification for the ultra-positive views he espouses. You keep trundling out your views and can only expect the same reply from Sarah1234.

The share base has been diluted considerably such that the levels of 1p and above will not be seen again, in my humble opinion. Not being de-listed would be a bonus for recent investors. We just have to wait for the auditors!

The quote "The definition of insanity is doing the same thing over and over again and expecting different results" is often misattributed to Albert Einstein, but there is no evidence he actually said it.

The phrase has been widely circulated and is commonly used to emphasize the futility of repeating ineffective actions. However, it first appeared in a 1981 pamphlet by Narcotics Anonymous, which stated, "Insanity is repeating the same mistakes and expecting different results".

Sarah v Dashboom - now we can see their problem

Re:

2) company managed to raise £2.5m recently in share subscription. No one is investing that kind of money without proper due dilligence and confidence/reassurances.

3) bgfi bank have already been paid 150k and terms have been agreed until end of 2026.

You are deluding yourself that the banks have any other choice but to accept the lack of repayment whilst there is a remote possibility that they may get paid back. Like shareholders who are down 98% but will not sell their two'pennorth of shares, the banks will not give up on their loan agreement (as currently negotiated) in the hope that things may turn around.

You cannot read any more into it than that.

The banks have loaned this company money but are not being paid as agreed. They are in much the same boat as many of the ordinary shareholders who are down 98%. Some money has been raised to keep tthe company afloat.

Valsen has said that the plant is in poor condition.

Us small shareholders know so little, except that banks will only get their money back from the future PROFITS of the company. The turnover will have to be substantial to generate enough profit to pay the banks, the CEO and all the other paid employees, plus the auditors and others due money.

It is ludicrous for Dashboom to make his inflated claims, having no knowledge of the financial facts, when the company is staring bankruptcy in the face, plant is in poor condition, the shareholder base will be expanded and the shareholders have no clue what the audit will reveal.

From dashboom;

"Monday and Tuesday are the crunch days. The moment we have all been waiting for."

STILL WAITING!

"...if the worst does happen and we do end up kaput then at least we will have a good story to tell our mates down the pub in typical self-deprecating British humour about how we did our dosh on a dodgy Gabonese wood company.

Win win either way."

If we end up kaput, it is not a win! You are deluded dashboom.

dodgy Gabonese wood company sums it up.

This was copied from the internet:-

Woodbois Ltd

Price (GBX)

0.035

Today's Change

0.003 / 7.69%

Shares traded

25.65m

1 Year change

-91.46%

Data delayed at least 20 minutes, as of Jun 27 2025 16:29 BST.

Share price forecast

The one analyst offering a 12 month price target expects Woodbois Ltd share price to rise to 2.92 in the next year from the last price of 0.035.

Is this analyst you DASHBOOM?

"In earlier posts you made it clear that production had stopped and that "Machines are out of order or very dangerous due to lack of maintenance (we're in a humid tropical zone)". Now you tell us that the company "has facilities that are virtually out of commission". These statements are not compatable."

YES THEY ARE!!! HE IS SAYING VIRTUALLY THE SAME THING.

The crux of the matter is whether the company are producing sawn timber and veneer at maximum production rates and for which they have contracts. Without production there is no income or profit to service the wages or debts. Those of us who have been invested since 2022 have heard so many platitudes and lies plus optimistic and soothing words but precious little detail. Valsen has always tried to give a picture of what is happening on the ground.

People are punting both ways on the company with very little information - some are making short-term profit - but what is the long-term future for Woodbois? At the moment it is looking dire and Sarah may prove to be right and the company may delist or go under. I have got back in with a small stake but I am not too hopeful having lost half of my re-investment on paper. Every day, there are dopes investing less than £10 worth of shares. This share is not going to fly! Be grateful if you double your money in a year.

"trading in the Company's ordinary shares on AIM will be suspended with effect from 7:30 a.m. on 1 July 2025 and will remain suspended until the publication of its audited FY 2024 annual accounts."

Anyone like to hazard a guess as to when the next RNS, detailing the finanancial situation, could be.

You troll everybody Sarah1234. Yoou are filtered.

To clarify,

Having sold my original investment, I re-invested a modest amont after the latest RNS - an amount I can afford to lose. I was not quick enough to get in at 0.04p and get out at 0.07p so I have let the bet ride.

I sounded off yesterday as I am sceptical about the veracity of the comments in the RNS in view of Valsen's previous remarks. We punters appear to be desperately short of an independent voice about the state of the plant and the true amount of production/orders/sales taking place. (Anything to offer Valsen?). You could be right Sarah that we will be shafted one more time and the company will be delisted. We shall see in a few weeks time.

I'm postng because I have shares again in WBI and this entitles me to a voice on this chatline.

This was Valsen in early May 2025:-

Sale of additional warehouse inventory, generating additional income.

Stock of what? Logs? Processed wood? There is no stock in the warehouse. This is a huge lie! There's been no activity on site for many, many months now. And even less stock. The last 3 CTs shipped contained veneer offcuts (i.e. residues) from production dating back to 2023. Very low market value (and we'd need more than 30 a month quality wood to start making some money).

+ Resumption of large-scale production.

It's just not possible. The processing plant has been out of action for over 8 months. Machines are out of order or very dangerous due to lack of maintenance (we're in a humid tropical zone). What's more, there's been no logging for almost a year now.

The latest RNS of early June 2025 paints a positive picture. of production steaming ahead.

Whom do you believe?

WBI CEO's have always painted a sunny picture even when the company was going down the tubes (and while they were selling off their shares). Pump and dump.

Small punters till buying the shares. More money than sense!

Imran Ahmed, CEO of the Centre for Countering Digital Hate (CCDH), an NGO that has produced a practical guide for public figures dealing with trolls called Don’t Feed the Trolls, said there are two main types of troll.

The other type of trolls are people who exhibit a psychological trait known as 'negative social potency' - this means they enjoy causing harm to others:

“These trolls get pleasure from upsetting those they target with abuse, so if their victim responds it only encourages them to continue,” said Imran.

When my investment in WBI began to crash I was optimistic like Dashboom. SARAH & VALSEN (particularly) convinced me that WBI were heading for the rocks so I bailed out at 50% and did not wait until 98% of my money was lost. Thank you both.

There have been malign rampers over the last couple of years. Shame on you all. But dashboom seems to be a super-optimist.

If you don't want to see SARAH's posts, do as Mr. Ahmed says and block her. However repetitive she is, she is providing a pubic service in countering rampers and super-optimists.

Latterday investors at 0.04p have made some money playing the stock short term. If they are holding the stock, whether THEY will see a massive rally remains to be seen. As ever, only gamble with what you can afford to lose.