Member Info for Samthespaniel

There are 3 types of investors here: the corporates who have put in money to keep the company afloat, the investors who have ridden the horse all the way down from 1-7p (probably Dashboom), and the latterday investors at 0.04p many of whom have made a few bob and quickly got out. Some, like me are holding on.

This is a volatile share and those like Dashboom have been badly let down. That is the penaly of risking the AIM instead of putting your money in safer investments.

The new corporate investors have invested without the benefit of the audit - how were they persuaded that there was money to be made? By talking up the shares like their predecessors then dumping their shares at a big profit? Of course it should be by cutting timber and selling it, thereby making a profit. (I discount the possibility of sellng carbon credits as it is such a long-term possibility).

The chances of Dashboom ever recovering his paper losses appear remote as the share price will struggle to reach 0.1-0.5p in the short time.The chances of shareholders who bought at 0.04 to 0.07p getting their money back or making a profit appear a possibility if the audit is positive and the business plan suggests that the company can sell plenty of timber, profitably, in the next 12 months. Sarah may be proved right of course.

For those of you who were brought up on the Music Hall you will remember Stanley Holloway and hs poem about a naughty boy called Albert who went to the zoo and saw Wallace the lion.

Sarah v Dashboom reminds me of these few lines of the poem.

"Now Albert had heard about lions

How they was ferocious and wild;

To see Wallace lying so peaceful...

Well, it didn't seem right to the child.

So, straightway, the brave little feller,

Not showing a morsel of fear,

Took his stick with the horse's head handle

And shoved it in Wallace's ear.

You could see that the lion didn't like it,

For giving a kind of a roll,

He pulled Albert inside the cage with him

And swallered the little lad whole!

Will it be Sarah or Dashboom who gets swallered?

It was a business necessity for the accounts to be sorted. Not surprised the books were a mess. Having got out at 0.5p and back in at 0.07p I am content to wait for the accounts to be sorted and an AGM to follow. Some have taken quick gains from 0.04 to 0.07p. Nice work 75% in a week.

The asset, the timber, is still there to be harvested so I am prepared to wait for the rebound after the AGM. Work is said to be taking place, some money in the bank. Unlikely to delist in the next couple of months. Lenders seem to think that WBI has a future but delisting is not out of the question.

Sorry for DASHBOOM and others who may not get back their investments from 2018-2024 and have held on in hope although the original share allocation has increased over 6 times.

Back in July 2022 I saw an article by Motley Fool highlightiing WBI - seemed an environmentally friendly company with shares at 5.4p. After doing well on AIM previously I bought £1,000 of shares. The nmber of voting shares at the time (27 June 2022) was 2,077,988,873.

From that time on the management added to the number of shares to raise money. The management were handsomely rewarded - for failure to make money.

Up to June 2024 I bought more shares as the price reduced until my initial holding had grown from 18,050 to 1,095,986 shares.

At this point, taking note of the helpful postings by Valsen I sold with a loss of £3,76.82 with the price at 0.54p. Sensiible move.

Possibly mirrors the story of Dashboom, except that he appears not to have bailed out.

The latest management change means that there are now 12, 339,797,530 voting shares, 6 times when I originally bought. Clearly, anyone who took a punt in May 2025 when the shares were 0.04p may have made a 50%+ profit if they sold last week.

I bought in again at 0.07p hoping to recoup my previous losses but the canny investors at 0.04 sold and knocked the price. I will hope that the price recovers again.

Will Dashboom and people in a similar situation ever recover their losses? With 6 times more shares than in 2022 the upside price is well below the 2022 price that I originally bought at. Probably well less than 1p. With the accrued debts and the costs of getting the plant working to top efficiency perhaps even 0.1p is a big ask, but that would satisfy me over 12 months.

After losing 2k buying WBI from 5p down to 1p and getting out at 0.5p I see this as an opportunity to get back some of my losses.

Probably have to sell before the subscription shares have an impact.

Bearing in mind that the debts are stil there, and that the logging and veneer plant will not reach peak production for some time it will be a race against time before the cash runs out again. Ticklish situation.

Nearer 35k

35 new people appear to have bought shares today. Did they read Sarah, Valsen and Dashboom or previous RNS's to try to decipher the history of this company and form an opinion of whether they were worth a punt? I did bottom fishing to buy WBI shares (as I did successfully with AEGIS about 5 or more years ago). It seemed an environmentally friendly company to support, promoted by Motley Fool. The writing was soon on the wall that the management and original major investors were making more than the gambling public/small investors from remuneration and share sales.

As a racehorse owner I see plenty of mug punters with no inside information being ripped off by those who have full knowledge of the horses. Betting on WBI is another stupid mugs game. I got out of WBI having lost 50% after chasing the price down to 0.5p. With the best of intentions, I tried to warn people off but even today people are throwing money at this share hoping for a FOINAVON moment. Your money! Stick at it with the remaining 1% or so of your original investment, and/or have a fresh punt and be prepared to lose it all. I cannot believe that Sarah is buying shares - if she is, she is the world's worst hypocrite. Valsen appears always to be trying to present a realistic picture of the situation on the ground. Dashboom seems desperate to be proved right like the captain of the TITANIC, if only to prove Sarah wrong. Is it really worth wasting your precious life on this chat for the few quid you still have at stake in this company - but worse, misleading any potential investor that there is any hope of a multibag.

I'm considering getting bck in.

On 2 May Valsen said this:-

Resumption of large-scale production.

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.

On 8 May you say that,"There are over 100 labourers currently active in the sawmill and veneer factory and production is ramping up.

These comments are incompatible. Are these the same labourers that were not paid?

Do I trust the local man or the shareholder hoping for a miracle?

Popped back to see if you had any good news.

So wish you had cut your losses at 0.5, as I advised in July 2024.

Best of luck for the future.

Like Brunello, no point wasting any more time on this company.

Dear Matthewv1948,

You wrote this on 10 November 2024 :-"I really don't want to lose £30,000! And I'm sure all the people that were doing some significant buys in the days just before dontbwant to lose their money either!

The only question to myself is... if they do get back on the LSE, do I just sell or keep the faith I've always had in WBI!?"

Regrettably, you look like losing your money. Your faith in WBI is touching - I had the same sentiment at one time, always looking for a pot of gold at the end of a rainbow, but realised that I should (after 2 years of supporting WBI) take my loss and bail out. Ever since, I have been trying to counter that Ass**le Amystake who constantly ramped this failing stock (for reasons we never got to the bottom of). Also, I've tried to warn people not to get involved - but they are still buying in the hope of making some money - despite the warnings from Sarah & Valsen (and others) that the company has too much debt!

Perhaps it's time to let you and the other people who put their faith in this share suffer the fate coming to them without harping on.

Out of 64 trades today only 3 are for over £100! They must be expecting a miracle.

Dash - look at the February 2021 entries where Rhino sold 210m shares to allow for them to convert 210m non-voting shares into voting shares. Rhino presumably still have a large holding of (virtually worthless) voting shares (and possibly non-voting shares) but this is a company that is not generating cash and has numerous debts.

The next RNS will be interesting. Would RHINO buy out the forest and current assets in a fire sale to start a new company?

Dear Dash,

You need to follow the history of this company back to the OBTALA days in 2017 through the RNS's. The team of 2017 - Dolan, Pelham, Geddes etc appeared to have a competent hand on the company. It is a convoluted tale but properly reported at every stage. Difficult to pinpoint where it all went wrong but the first sign, in my opinion, was the large sales of shares by Rhino which dropped the SP from 6p to 1p. Did Rhino decide to take their profits from shares, seeing a poor future for the company. From there on it was a case of raising funds and diluting the existing shareholders. Guido appears to be a long stop to give the company a veneer of competence but the writing was already on the wall.

I can understand people still trying to make money by buying and selling the shares short term, even at the current price, but I cannot see the company recovering. In the past the RNS's were plentiful and fairly informative. The lack of any information recently is a really bad sign. As Sarah has said, take whatever you can for your shares.

I heard that they are filming a remake of Custer's Last Stand and they need a man to play Custer. Are you up for it Dash?

In case you are female they are also considering a remake of Alien. Sigourney Wever is not available. Chance for you Dash to escape the clutches of the Alien.

From RNS 26 Feb 2021

Following the Conversion and Admission (as defined below), Rhino will hold 341,940,095 Voting Ordinary Shares in the Company, which will represent 20.95% of the enlarged issued Voting Ordinary Shares, as well as 100% of the 750,000,000 Non-Voting Ordinary Shares. The Concert Party holding will then be 25.76% of the enlarged Voting Ordinary Shares in issue.

Note that Rhino's holding of Non-Voting shares was more than double their voting shares. There must have been about 1.5Bn voting shares at the time.

There have been other changes in holdings since that time but Rhino clearly have a large influence on the company. This is possibly the source of shares available to MM's at the moment. As I said recently (also check the RNS's yourself if you do not believe me) Rhino starting selling at about 6.0p and the price has kept on falling ever since. You may feel inclined to try to find how Rhino acquired such a huge and beneficial holding. When Obtala morphed into Woodbois perhaps?

There has been a suggestion that someone might take 5bn shares at 0.025p for £1.25m. That will wipe many people out but is not enoughmoney to get the company back on the logging and pay off debts. It may pay a few executive salaries for a short period.

It may pay for a CEO, Nomad, and a few other leeches for a few months but it may allow someone to sell off a few billion shares to people who still think there is a future for Woodbois.

DASH - 'I never envisioned it being as catastrophic as it became.'

You seem to be a disillusioned investor, as I was.

The fact that Rhino were sitting on a huge number of non-voting shares seems to be a vital clue. The turned many into voting shares, with the agreement of management, selling off their holding of voting shares as required by the rules. The SP dropped like a stone and has continued to drop. It was more profitable to hype the shares and sell them than cut timber. People like AmyStake, constantly hyping the prospects of the shares aided that plot.

People are still buying millions of shares on false propects - so who is selling to the MM's ?

Regrettably, the shareholders who thought this to be good investment which benefited the environment have been seen off by a group of men of dubious ethics. My pal liked the phrase snake ol salesmen.

Rhino had millions of non-voting shares at one time. See past RNS's for their conversion to voting shares.

Cannot believe all these people tday buying penny packets of shares. Lemmings!

In the Post Mortem for this company I hope that some people will recognise that only Valsen & Sarah have been trying to save people from wasting their money. Valsen particularly for being the only souce of the truth about activities at the work site in Gabon. Sarah for, without fail, countering the super-optimism, or is it self-interest, of Amy.

Since 2021 most shareholders have probably lost money, encouraged by the flowery words of the CEO's as they tried to gloss over the problems in the company.

Who gained? Clearly, Rhino who owned a mega number of non-voting shares (unbeknown to most of the little shareholders) which they eventually cashed. Clearly, the overpaid CEO's who took a handy salary for Sweet Fanny Adams in terms of leading the company.

What a great pity that the concept of sustainable forest, use of timber and the income from carbon credits has been so abused.

At Companies House I can find LUCAS MARCO KANME as a director of Woodbois Services Limited. As AmyStake has pointed out in the past this is not WOODBOIS LIMITED.

A search of WOODBOIS LIMITED shows nothing.

Would appreciate some clarity if you have better information.