Member Info for Valsen

Goodbye Sam, and good luck with your other investments.

It was a pleasure reading your posts, full of common sense and pragmatism, as well as valuable insights into the intricacies of stock market operations,

a subject on which I am not an expert.

I am not at all close to current management of WBI. However, I know several people who have connections within Gabonese branch (government offices, banks, customs, freightforwarder, tax authorities, etc.). The reason I've been alerting to this sordid situation is that some of my friends and acquaintances are former managers, employees, and contractors of this company. These people were all mistreated or fired by Guido and his Congolese bimbo. Technical staff in Mouila and management team in Libreville were, however, competent and efficient when the company came under Dutch control. High-performance equipment had been installed to ensure profitability for logging and wood processing, which was focused on exports.

But Guido completely destroyed the system. He believed he could dominate, through his intransigence and determination (which were nothing more than blindness and stubbornness), a system deeply embedded in local realities he willfully ignored: the context of Central Africa, a forested region with a harsh climate and challenging working conditions due to rainy seasons, remoteness of port facilities, and significant constraints related to the maintenance of machinery, equipment, and installations. He attempted to restructure the system in a completely inappropriate manner, based on personal attacks against the existing team’s key personnel.

Only money and profit mattered, disregarding expenses, taxes, salaries, invoices, and payments to service providers and subcontractors. Everything was conducted on a purely speculative and financial level, with total disregard for what was happening on the ground. Production facilities quickly deteriorated and could no longer generate sufficient revenue for the company to remain viable.

This led to a series of fundraising rounds and a frenzied issuance of shares, all against a backdrop of disputes between majority shareholders. PI's were largely kept in the dark, receiving only a few dubious, highly technical, and, most importantly, vague reports that offered no real insight into the company's true situation. Perhaps main shareholders hoped to turn the company around, but given how things have unfolded, this seems highly unlikely. Personally, I dont have precise information on the current board or on financial machinations. But I’m convinced that management is deeply dishonest and situation appears to confirm this. In any case, it’s absolutely impossible for what remains of Woodbois in Gabon to become profitable again.

''The CEO is in Gabon, not London or Guernsey.''

FYI an to be clear: the CEO isn't actually in Gabon. Mr. Henriquet is a figurehead CEO.

In reality, he only holds the position of manager for Gabon. He has no influence on the course of events.

He no longer receives any money from the board. Bank accounts in Gabon are empty.

The only thing he can do is survive by engaging in marginal activities, such as subletting vehicles that are still in working order, and bartering local timber (in exchange for lending trucks), which is then sawn and resold locally to individuals (to provide some income for the remaining employees).

Note that the fleet of logging equipment is for sale (bulldozers, forklifts, etc.).

In short, the debacle has finally become apparent to PI's.

A few clarifications:

The change of head of state in Gabon occurred without violence or casualties. It simply was a clean sweep to remove an excessively predatory family. It had absolutely no impact on country’s functioning or its economy and was experienced by Gabonese people as a "liberation." This argument, repeatedly used by the board, was nothing more than a flimsy pretext to mask the financial debacle. I denounced it on several occasions.

Guido Theuns was rigid, stubborn, accompanied by a Congolese bimbo who was more of a low-rent influencer than a wise woman. She despised the employees, behaving like an insolent social climber. She lounged around her hotel, didn't pay her bills and threatened or fired staff at the slightest remark.

For his part, Guido didn't hesitate to seize the profits of a subcontractor working on a contract with the Gabonese government. He simply stole the benefit of his work, taunting and threatening him. He thought he was above the law.

And I personally know a prominent business owner who worked for WB and was swindled by these crooks, and who was threatened by someone close to Sebastiaan from Dubai.

@ Maffa

FYI and as I've already explained, I'm very close to several former managers and employees, contractors, and correspondents of the company, both in private and public sectors. I've been working in Gabon for over 20 years and have numerous contacts in government agencies, banks, and among economic players. It's easy for me to gather certain information; it's much simpler than in the UK…

I don't know the details of the board's machinations, but I do know that there was a major disagreement in the first half of 2024 between the two largest shareholders. The dispute was resolved in the fall with the withdrawal of one of them. The transaction volumes and share issuances during that period attest to this. Guido himself explained it quite well in a recent post (BreakingNew). Some doubted what he wrote (Dashboom…), but it is indeed the truth.

To answer your question about employees, I’ll find out the exact number, but there’re still some. They are owed three months' back pay. Management occasionally gives them "advances" (from the amount received from subletting the leased trucks) and supplements this by allowing them to resell small quantities of timber brought in by locals to be sawn on-site at a price of 30,000 XAF per cubic meter (approximately 40 pounds).

Deciphering what is happening behind the scenes is not easy, due to the absolute opacity of those in charge (who are few), as evidenced by the more or less triumphant (but completely distorting) RNS reports from the Guido era, which initiated the downward spiral of the small shareholders not connected to this gang of crooks.

Additional Information

As of December 2nd, WB Gabon's company account at BGFI Bank has a zero balance. This isn't new, but it's what the statement shows.

The leased log trucks have been rented for a long time because it brings in some money for Mr. Henriquet and his pals (but not for shareholders).

Regarding the "directors," executive or otherwise, you can imagine all sorts of possibilities, but rest assured that you’ll never see even a fraction of your money again. This company is a shell company, purely speculative; what you see is merely a reflection of an ongoing scam. It hasn't corresponded to anything concrete in "real life" for a long time.

No one will go to Gabon to claim the money earned from the equipment's sale. Note that these transactions are conducted in local currency (XAF); there will be no transfers to Europe, so don't get your hopes up. These funds will simply vanish locally, at best resulting in a small compensation for employees that won't even cover what they are owed.

Furthermore, no WBI representative has any incentive to show up on site, as they would be targeted by tax authorities, banks, even police, etc.

It's truly disheartening to see, but taking action against this core group of swindlers is difficult for the shareholders. Only organizations like Nykredit can consider it, but they won't have anyone to apprehend unless they send a special team to Dubai or some other remote location...

Best

Hi Sam,

just checked the chat, and FYI things are happening in Mouila.

They've just put their non-leased equipment up for sale, namely:

1 Yale 15-ton forklift with 72-inch forks

3 Komatsu D85ESS-2 bulldozers, one with SU-blades

3 Shantui 3.5-ton forklifts with forks

1 Shantui 5-ton forklift with forks

1 Caterpillar 4-ton forklift with forks

1 Caterpillar 528 skidder with winch

Their contact number is +241 77 94 56 05

This equipment was used in the forest for extracting logs and leveling tracks (but it hasn't been used for a long time), or at the processing site (which hasn't been operational for a long time).

I'll let everyone form their own opinion, but it clearly shows that it's a complete rout.

I’m deeply unhappy about what’s happening to WB's employees and investors; it’s a very sad day. However, this is not a surprise.

For so long, management and its representatives, including those in Gabon, have been telling you stories and lying without the slightest hesitation.

Many of you stubbornly refused to believe reality that I was striving to share with you, in a purely factual manner. Some considered me a manipulator or even a liar.

The result is now before you; it’s called reality. The reality I’ve been presenting for the past year and a half, because I was witnessing firsthand the catastrophic consequences of an arrogant management entirely focused on the systematic siphoning off of company's cash reserves.

Good luck to you all, and sorry for those who’ve lost money in this damn scam, whose perpetrators will certainly never be prosecuted or held accountable.

And thank you again, dear Dash, for your columns. To reassure you, you might want to call Mr. Henriquet, who may be able to explain that the company is producing at maximum capacity and that everything is going very well at Woodbois. There might still be some hope, who knows, by doing some ‘’research’’ on Facebook, LinkedIn, and other sources that provide "reliable" information…

Ite missa est.

Hi Dash.

My post contains absolutely NO contradictions. Your comment certainly is biased by your blindness, which far surpasses Stockholm syndrome, or by the conviction you can reverse events‘s course through a domino effect with your ‘’research’’.

I'm telling you what I observe in Gabon, where I am. There’s no particular hostility towards you in my messages; I'm simply trying to open investors's eyes to what is actually happening in Gabon, the details you can't obtain but which make all the difference and should make you wary of a core group of white-collar liars who never show their faces.

The shippers' council did indeed ask WB (without harassing them, just to comply properly) to pay their dues; I verified this with them. You pay your dues, they publish your service offerings.

The few TC exported to Greece or Libya contained previous year’s leftover timber. A little wood was purchased locally for processing, but WB is no longer cutting anything on its plots.

You'll notice that there hasn't been any concrete activity from WB for a long time; the last "proof of life" dates back to February of this year, and even then, it doesn't really resemble industrial-scale activity. Just a bit of smoke and mirrors to maintain credibility. Since then: nothing.

Do you know the date Clive Roberts' photos were taken? And if everything is as good as you claim, why aren't we inundated with recent photos showing industrial-scale activity? Ask yourself the right questions!

The anecdote about giving employees scrap wood, which they then resell to compensate for difficulty in paying wages, is entirely true. It may surprise you, but understand that in Africa, the way of life is quite different from ours. Small-scale schemes and informal sector represent a significant part of local economy.

What remains of this company in Gabon will end up in liquidation. As for what's happening at AIM, you can keep dreaming; I have no concrete information to offer for discussion. I’ll note, however, that RNS don't help us see things clearly, because they’re incomplete, misleading, technical, bland, and largely useless. They don't reflect reality: that of unpublished accounts, industrial activity that has been at a standstill for a long time, opaque management, and power struggles to siphon off the money you invested in this masquerade.

Https://m.facebook.com/story.php?story_fbid=1251532453678244&id=100064645037428

The phone number listed on this notice from the Shippers' Council belongs to a Woodbois manager who resigned a long time ago.

Furthermore, the Gabonese Shippers' Council recently tried to contact Henriquet because Woodbois isn't even paying it the modest membership fee.

Dash informs us that « the company has been operating and producing at record levels … during the summer, meanwhile restructuring the organisation. »

Finally, there’s absolutely no timber production in Mouila, nor any particular wood processing activity. Nothing at all. The record production levels are pure fabrication, blah blah lies, as usual. Dash is completely crazy if he believes an ounce of what he publishes.

It's been over a year since the company’s logging division has produced anything; it's no longer even authorized to cut timber. And there's no chance of it restarting now.

I think this is going to end in bankruptcy proceedings, and none of the shareholders will see a single penny again. Financial assets have evaporated a long time ago; we need to face reality once and for all.

« There's clearly been some disagreement between Nomad and Management. Perhaps management felt Allenby were being too OCD over certain issues. » Thanks Dash, we suspected it, but it's good to confirm it.

The RNS's information is presented, as usual, in a biased manner. You'll note that there hasn't been the slightest indication of forest production for over a year (and the latest figures didn't bode well for a glorious future).

NomAd must have resigned on its own. This is logical given company's disastrous and opaque situation. If WBI operated by anything other than mass speculation to compensate for a wrecked production facility incapable of generating revenue, Allenby would have continued its mission.

The contortions and lack of transparency of those pulling the strings of this vast scam are blatant. This notably explains the terrible plunge in the SP from £1 to £0.003 in 18 months.

The pretext of restructuring is a smokescreen. It only appeases those who have difficulty understanding the reality. So the Danish subsidiary is not being voluntarily liquidated to streamline the overall organization. This is indeed a step imposed by that country's tax authorities.

The end of this incredible fiction is coming soon. There's no reason for credible and reassuring accounts to be published soon, when they haven't been to date (despite management's hard work – LOL). For Gabon, it's easy to establish: almost nothing has happened there. Except for a pileup of debts. Revenue-wise, it's a disaster. For the record, you need to export 30 containers per month to start making money (starting with the 31st). However, over the past year, a maximum of 4 or 5 TC (uncalibrated leftovers) were shipped about ten months ago. The company is 355 short of running out of resources to avoid running into difficulty. And infinitely more so if we consider reducing debts and getting in line with the tax authorities in particular.

In conclusion, WBI’s going a little better every day. A little better than the next, in fact. Therefore, if you get the feeling that things are getting better after reading the RNS, you’ve made a mistake in judgment.

Dashboom's incredible stubbornness in presenting the results of his "research" as signs of a promising future, especially in this disastrous and opaque context, sounds rather like rhetoric of a major shareholder clinging to his roots as best he can.

"Dash" is in contact with Henriquet (he couldn't have invented the term "kongossa" used in Gabon). However, he underestimates the ability of Gabonese to take advantage of remnants of the structure at their level and behind the back of a management that, in any case, has no control over the situation on the ground, despite the publication of a few attractive images on social media (far removed from an industrial activity level). Henriquet also try to stay afloat. But the shareholders caught up in this downward spiral certainly preferred concrete figures on the volumes of timber extracted, processed, and sold for export. In any case, there aren't any...

Guido Theuns did the same (‘’Thetinyfish’’, then ‘’BreakingNews’’). I confronted him several times and developments in the situation have proven that I was publishing accurate information, unlike him.

Dash's latest posts are surprising, as they seem reflecting calculations of a major shareholder in contact with stock market players and Henriquet. It's interesting to note that Dash avoids mentioning Gabon's fiscal and social security debt. It's enormous. He also forgets that there are three dry seasons without any logging. A chasm in terms of lost revenue.

Henriquet is smart; he gives his boss signs of trust. But he doesn't tell him everything. Perhaps he's gullible enough to believe that Mouila's site can be restarted. Which is utopian, because production facilities are so degraded. And even if the debts are settled, which won't happen any time soon, nothing will seriously restart. It's become too complicated.

In conclusion, there's no point in trying to open Dash's eyes: he knows perfectly well what the situation is. Or, even if I doubt it, he's a completely lost guy.

"Several photos of sawmills and veneer mills in operation, photographs of trucks loaded with containers labeled "woodbois."

No problem with the photos, but you don't know the date they were taken. And the wood you see doesn't necessarily belong to Woodbois. I told you they have a deal with a Gabonese family business in the Mouila region. It's odd, I'm on the ground and I'm giving you the right information, but you prefer to believe staged stories on social media. I understand that you're clinging to the hope of a revival, but right now, it's dead, you'll have to live with it sooner or later.

Ask Mr Henriquet on LinkedIn how much log was cut and removed from forest in 2025, how much log was processed, and how much wood was shipped from the port of Libreville. For my part, I'll check the shipping bills at the port, their number, and the nature of the cargo. I saw three or four from the end of 2024, which contained leftover veneer from the previous year. This didn't generate any budgetary margin.

You're certainly sincere, but you seem to underestimate the talents of our African friends for entertaining the public. I already mentioned to you that Henriquet was making a good impression on social media. That's exactly what's happening. But curiously, this isn't materializing in any triumphant RNS on the management side. Doesn't that bother you?

Dash, Allenby is a reputable company, no doubt about that. But its representatives clearly never set foot in Gabon (where I've worked for 23 years). Nor do you, for that matter, because your angelic vision of Henriquet would greatly amuse any business operator in Libreville. He's just clever, because he manages to scrape by on the company's scraps and share a little with the few remaining employees so they'll leave him alone (no strikes, violent protests, or vandalism, as happened a little over a year ago with the burning of company equipment). In short, we Gabonese manage. They do it very well.

You'll note in passing that I in no way comment on stock market transactions or the positions of this or that player in Dubai or elsewhere. I don't know their strategy and I don't care about the value of the shares, whether they're up or down. I just know that they're no better than toilet paper today, because they're based on nothing but hot air, with no production anywhere. I'm simply providing you with on-the-ground information on the situation of the Gabonese structure, which is no longer able to finance the company. And other information as I gather it. It's up to you to decide how to speculate in your best interests.

As for Nykredit, I think it really scares them because, unlike in Gabon, this bank can take legal action against subscribers (it's more difficult for Gabonese banks). This seems like a serious possibility to me.

Zid is completely right about Woobois's situation in Gabon.

Indeed, the local manager, Henriquet, is misusing company's few remaining resources. He lends several trucks (on lease) to a local company, which in exchange gives him a little money and some (non-exportable) wood. This wood is distributed to employees to replace unpaid wages. The employees resell it. The processing site is almost out of commission. Only one saw (out of four) is functioning at all.

In concrete terms, Henriquet has subtly managed to appropriate the crumbs of the Gabonese structure, making people believe via social media he’s preserving it for a restart (which will never happen).

There has been no logging in the forest for two years, the company no longer has the right to do so because it has not paid the taxes. It is subject to a significant tax adjustment, which it has not regularized. It is overwhelmed with debts it will never pay off. It has shipped a maximum of six containers of veneer scraps by the end of 2024 (it needs 30 per month to avoid losing money).

To summarize the situation, Woodbois can only make money through two means: massive share issuance and logging. The latter should be forgotten once and for all. The former remains the solution. But whatever happens from now on, shareholders will no longer make money by investing in this company that greedy and dishonest executives have literally destroyed.

You can always hope for a miracle, but be aware this miracle would be on a par with the resurrection of Pope Francis.

FYI

The coup in Gabon is not a serious issue. It's just comparable to a mere reshuffling within the ruling class. This event simply freed Gabonese people from a clique that was plundering the state budget. However, it had absolutely no impact on industrial activities, particularly in the forestry sector.

Woodbois' problems in Gabon stem solely from the disastrous management and greed of its main shareholders. This company will not recover from this disaster, and it is unlikely to ever return to profitability.

Beyond these considerations, the current board's prolonged silence is simply appalling and cannot be considered the stance of a responsible and reassuring management team.

Https://www.proff.dk/firma/woodbois international aps - cvr-nr 26995345 - taastrup - se regnskaber, roller og mere

Here’s the information found on a Danish business directory website.

Since August 21, 2025, Woodbois International ApS has been in bankruptcy proceedings following a decision by Danish Business Authority to dissolve the company for legal reasons (possibly due to late filing of financial statements, lack of registered ownership information, or other reasons). The current shareholders are Argento Limited (67–90%) and Woodbois Services Ltd (20–25%).

The board of Woodbois International ApS is chaired by Emmanuel Henriquet. The CEO is Lucas Marco Kanme, who has held this position since June 5, 2025. The company's address is Spotorno Alle 4, 2630 Høje Taastrup.

For those who're wondering about my motives: I've no hidden agenda. I am simply a friend of this company, whose employees and management I respected when it was operating normally, before unscrupulous speculators came along and plundered it. I’ve met several of its partners, subcontractors, service providers, and employees who were taken advantage of by these people who stole the fruits of their labor. So, I started observing the developments of the situation, which is easy to do from Libreville, and I’ve been warning shareholders about the risks they're taking by putting their trust in a gang of fraudsters.

WOODBOIS INTERNATIONAL ApS - CVR-nr 26995345 - Taastrup - Se Regnskaber, Roller og mere

For over a year now, nothing profitable has been happening on the WBG's exploitation and processing chain. RNS provide blah blah to reassure shareholders, but above all, no quantifiable results in terms of budget. Mouila’s site is stagnating, apart from small local schemes of the representative in Libreville (subletting a few trucks by Mr. Henriquet to a Gabonese forestry company that owns family logging rights).

The industrial site is unable to generate a return on investment for anyone, due to the enormous amount of debt accumulated everywhere. The only ones who have gained are major shareholders who took their profits a year ago, before proceeding with a new massive wave of share issues, which are worth no more than toilet paper.

Until 2023, this company was operating and producing. It had promising prospects for growth. The arrival of a Dutch team after departure of Paul Dolan and his associates resulted in the systematic siphoning off of available cash, with total disregard for employees, expenses, taxes, banking facilities, partners and subcontractors, not to mention small shareholders who were abused. In short: a systematic plundering of everything that could be pocketed without a thought for the future, followed by Guido Theuns's furtive escape at the end of the year.

Some of us mention operating areas in the assets. But the company does not own them. It just has the right to operate them on condition that it pays land taxes, which has not been the case for more than two years (almost 3 years).

And now, today's news: the company is being placed in liquidation (presumably by the Danish administration, DYOR).

In any case, the management has been lying to its shareholders for too long to be considered even remotely credible, even from a purely speculative point of view. So, for those who still dream of multibags and other fantasies about a profitable rebound, good luck!

Hi Maffa,

FYI, WB's not operating at a sustained pace, despite the dry season. Indeed, forestry activity has stopped, and the veneer mill is impossible because the machine has not been reconditioned. There's no real stock and no significant processing. Beware of RNS without any accurate production data and questionable comments from people eager to boost the SP.

In may (13/05) I posted this information :

‘’ You don't restart an activity of this nature with a few snaps of the fingers, especially after such a long interruption, the first consequence of which is to severely deteriorate the state of the equipment, especially that dedicated to processing.

So announcements to the effect that dozens of salaries are at work to produce (we don't know what) is just nonsense, not to say a gross lie if it's deliberate.

For the time being, WB's team in Mouila is trying to patch up one or two plating machines, with the help of a Moroccan technician. But that doesn't mean they're going to work quickly, because the machines are old and it's not easy to find the right parts, or to get them to the site.

But beyond that, in order to produce, you’ve to start by having stock, and to have stock, you’ve to cut wood, which is not really the case, either for stock or for forestry business.

In conclusion, beware of tempting advertisements, common sense is all you need to detect them.’’

For now, there’s no real (on an industrial scale) production at Mouila’s site.''

If you read my previous posts calmly, seriously, and without interpretation, you’ll understand that I am simply stating the truth.

After that, you’re free to criticize me (it’ll not change reality on the ground) and to take risks by betting on a moribund entity whose main shareholders who pull the strings exploit your desire to win by buying their shares.