Member Info for Samthespaniel

Stupid gamblers picking rotten fruit off a dead tree.

They obviousl do not read the chat here by Valse & BreakingNew.

With 50m+ shares apparently bought today is this a genuine bear market or has someone decided to try to move the price for a short-term gain. Does someone have inside knowledge of a new investor? Interesting!

If somebody posts 20,102 times since 2011 who are they ramping on behalf of?

Do let us know AmyStake.

The RNS's tell us that they provided Q3 updates in 2021 & 2022, but not 2023 & 2024.

They provided unaudited updates of the previous year in some previous years so I would expect an unaudiited update for 2024 in a matter of days.

Cannot find the RNS announcing the Q3 2024 figures. Am I correct that none have been published?

We usually see them within a month or two.

I was following up from Limpopo's post.

What is interesting is the information on the WOODBOIS SERVICES LIMITED website.

THEUNS, Guido Wilhelmus Petrus Maria

Correspondence address

118 Piccadilly, London, England, W1J 7NW

Role Active

Director

Date of birth

November 1960

Appointed on

5 January 2024

Nature of business (SIC)

82110 - Combined office administrative service activities

Previous company names

Previous company names

Name Period

OBTALA SERVICES LIMITED 29 Sep 2010 - 20 Mar 2019

This seems to be a company that goes back to the Obtala regime and the Woodbois name change.

From the website:-

Accounts overdue

Next accounts made up to 31 December 2023

due by 31 December 2024

Last accounts made up to 31 December 2022

Confirmation statement

Next statement date 8 February 2025

due by 22 February 2025

Last statement dated 8 February 2024

The RNS's tell us that there are c5,200m shares (31 Dec)

Mr. Skyrme bought c234m (6 Jan)

Rhino converted c585m non-voting into voting (19 Dec)

Axis bought c476m for £1m (19 Nov)

Who owns the rest? Rhino had a large holding in 2022 but have they been selling on the open market?.

Who is pulling the strings now among the major shareholders.

Rampers are making no difference to the share price. A buy of 5m shares is a drop in the ocean compared with the number of shares.

What would be the strategy of the major shareholders? Do they see any prospect of saving the company from administration? Would they put in more money with a loan?

The assets of the company comprise mostly forest plus the sawmill. Would there be a buyer if it went into administration?

The minor shareholders are in the dark. Whatever transpires you can bet that they are not going to be the beneficiaries.

If you look at the RNS's back to 2021 the balance sheet looked OK and the possibility of carbon credits was mooted (note The Motley Fool' helpful input). The share price hit 7.8p on 5 May 2022. I saw that Motley Fool article and was 'gulled' into Woodbois on the strength of it.

If you follow the RNS's it appears that there were nearly 3 times the number of non-voting shares as voting shares. (Who knew that when they invested?). Rhino had c861million.

Over the course of the next few months Rhino were allowed to convert their non-voting shares into voting shares, so they sold some of their voting shares (to be legal) at prices between 6p and 2p per share. (Miles Pelham was also a beneficiary). The share price slumped to around 1p per share. The company then sought loans and gradually diluted the company with shares for cash.

Did Rhino and Paul Dolan (CEO) realise at that point that there was no future in the company as the carbon credits would have a long gestation period. Have the big players been selling off their holdings at the best price they can get ever since?

(Would you do the same?) Clearly, the bullish statement on 19 April 2022 helped the share price to peak, at which point Rhino started selling.

Where will they take the company now, having caused thousands of small investors who held on, and also topped up, to lose money ?

Those still betting that 0.11p is a low are very brave. Rhino have seemingly done well out of Woodbois but I cannot see a future for the company. The milch-cow has been drained.

I have asked the FCA to take a look at this company.

Is this person reportable under the chat rules?

"You will not;

post misleading or false statements regarding the share price and performance. Such posts are deemed as market abuse, and may be reported to the appropriate authorities."

Nooooooooooooooooo AmyStake.

It's down today.

You are a big fibber

I asked you this very recently:-

"Look at AmyStake's 19,000+ messages. Exclusive ramping over many companies. Who are you working for as a 'shill' AmyStake?"

200 posts in the last 30 days.

I'll ask you again AmyStake. Who are you working for? Ramping shares for whom?

My HL Global Fund is now returning me 19% on my investment over 2 years of drip-feeding it. The US Smaller Companies Fund is 2.5% up in 4 days. With Trump behind the wheel in the USA this could grow modestly.

I have bred and owned racehorses for 20 years. I bred FITWOOD STAR who won 4 races on the trot.

Others have failed miserably. Even if the bookies offered you 1,000,00 to 1 they couldn't win a race. Sold them cheap ASAP. Some people try to persuade you to join their syndicate for a horse with no chance.

This share is like a run down racehorse that should be retired. If you sell it before it drops dead you may get a few £'s from the knackerman. That is what I recommend whilst you can still get back 10% of your investment.

Amystake and others are keen for people to join their syndicate.

I do not tell lies. I try to help people on this chat.

Love the Amy v Sarah ding dong. Who are you backing?

This is my total ISA holding including Home REIT, another company run by rogues who have cost me at least £1000 from my investment.

HL Select Global is up to 18% profit today. Just invested in Artemis and already on the rise.

HL Stocks & Shares ISA

Total value £34,303.86

Total 34,242.81 30,420.82 3,821.9912.56

Artemis US Smaller Companies

Class I - Accumulation (GBP)

HL Select Global Growth Shares

Class A - Accumulation (GBP)

16,249.994 191.82

31,170.74

26,325.00 4,845.7418.41

Dashboom - on 6 August 2024 when the share was 0.36 you said this:-

Can you give me tangible reasons why i should continue to hold this share ?

Does a price today of 0.11 answer your question?

The answer was SELL on 24 August. You should have taken the hit, licked your wounds and moved onto a safer share, as I did, investing in a Hargreaves Lansdown Fund regularly, giving me a 17% uplift on £35k. Not very glamourous but better than flogging a dead horse.

PS My tip is a US Smaller Companies Fund for the money you will get by selling your WBI.

A helpful thought RachT2.

"The directors will continue to work with Nykredit to secure a satisfactory solution for both parties but there can be no guarantee that an agreement will be reached and Nykredit has reserved its position.

A further announcement will be made in due course."

I sincerely hope that Nykredit can see a future for WBI. At least they appear to be examining all the possibilities. Fundamentally, the company's motives to sell quality timber/veneers and utilise carbon credits were appealing.

Something appears to have gone terribly wrong in the management of the company. Perhaps a look back at the RNS's will offer the answer. Perhaps unlucky.

However, Nykredit will want its pound of flesh if it sees a light at the end of the tunnel. There may be some winners in those taking up shares now, but it does not look good for those who placed their faith in the company prior to 2024.

Yesterday there was up to £100,000 wagered on WBI. The average day is £25,000, say.

In a year (250 trading days, say) there was £6,250,000 wagered (assume 50% is buys and 50% is sells).

If the average spread is 10% the income for the Market Maker is half of that for each share bought then sold.

Therefore the income for the Market Maker is 5% of £6,250,000 = £312,500 in a year.

Clearly, these rock-bottom shares are a great money spinner because of the spread.

If anyone can generate interest in buying these shares (such as a ramper in a chat room on behalf of a Market Maker) with a load of unsubstantiated hopes there is money to be made.

NO

NO

and NO

Everyone into this stock must have thought it was a good punt, possibly because of the possibility of carbon credits. Some may have thought it was an environmental venture worth a small investment. Miles Pelham probably thought it had 'legs' when he first got involved. Has he made money on his shares?

Personally I like a punt and I use Hargreaves Lansdown for my investments. They have made me 20% over 2 years in their managed fund. My punts have been less successful - including Home REIT - a stock intended to help the homeless, but run by some dodgy businessmen and now about to delist.

Valsen, Sarah and myself have tried to add knowledge and wisdom to this chat, particularly Valsen who seems to be the only person contributing facts about the situation on the ground, in the hope that it helps you to make a decision about your interest in WBI. As I have admitted previously I got out at 0.5, realising that my former optimism about WBI being turned around was probably misplaced.

It is hard for those that invested continually over the past 2 years to sell at 0.12. You need a miracle. At this price there may be money to be made for newcomers if the RNS is positive and the price jumps temporarily. I hope you make money.