Member Info for Valsen

It is also very unusual Guido did not file a complaint in Switzerland, and especially in the United Kingdom where WBI headquarters is located... Clearly, Guido is scared of Sebastiaan, so he does not dare to overdo it, but still tries to cover himself and in the process, pass himself off as a victim of his nasty employer. LOL, just incredible Guido!

You’ll also note that "BreakingNew" mentions agitation and protests by Aminata Anselle Drame, a Franco-Congolese woman whom Guido had chosen for her profile and promoted to DG Gabon at the beginning of her mandate. This little social climber (insolent and aggressive with employees, who "forgot" to pay her bills) even allowed herself the luxury of returning to denounce the bad practices of her employers to the local administration, hoping of receiving a bonus. Only Guido knows this detail and mention it on the chat…

To summarize the current situation, Mr. Guido Theuns (alias BreakingNew) is trying to exonerate himself from shareholders he has fooled for a year. To do this, he puts his deposition online which serves as his moral passport. It’s not badly played, but a little too twisted to get us out of handkerchiefs.

I wonder what it would be like if someone filed a complaint against these crooks before British courts? Some former employees in London have done so, and Guido was directly and personally targeted.

So, Guido/BreakingNew, thank you for your valuable contribution, but it’s been a long time since we understood who we were really dealing with. There’s absolutely nothing new under the sun. The company is bankrupt, thanks in particular to your chaotic management. And your latest arguments in no way exonerate you from your responsibilities in this disaster, which are huge.

Nykredit has been asking WBI to regularize the situation for many months now, because the institution no longer has confidence in their ability to honor their financial commitments.

Guido has superbly ignored the reminders by burying his head in the sand like an ostrich.

The same is true with a tax adjustment required by the Gabonese administration, for an amount slightly higher than 9 million euros. The company "forgot" to pay its taxes, duties and social security contributions. Its managers were not quick to inform shareholders, but this debt is not going to evaporate because a new CEO has been appointed.

As for the so-called high orders for wood for the coming months (to be taken with a pinch of salt, because WB's reputation is very bad), they are not about to be realized so much is the operational part degraded.

I come to wonder if non-executive directors are informed of the real situation of the company, because it's unbelievable (I'm talking about the production tool in Gabon and its administrative, fiscal, salary and economic environment, characterized by a staggering debt).

You're absolutely right to say that there is local expertise. However, Henriquet (who's

really competent and experienced, but more in logistics) is positioned in Libreville, at company's office. On the other hand, the operational site in Mouila, (located about 6 hours away by car) is no longer managed seriously and equipment is in a disastrous state.

So Henriquet, with all his best skills, cannot achieve results without a consistent cash flow (debts are colossal, taxes require a huge regularization, etc.) and a relaunch of activity on the operational site (with again a lot of money and qualified management staff, which does not exist at the moment).

The few remaining containers to be chartered are old orders already paid for by customers. So it's true it can only improve, but one must not dream and feed on incantations, because reality is there and facts are rather stubborn.

What I share is not hateful, I only wish for a rebirth of this company that I've known for a long time (I've worked in Gabon for more than 20 years...). But I repeat, the damage is such that a return to revenues exceeding the abyss of losses in a reasonable time horizon is highly improbable. No realistic operator would take the risk of positioning itself, except to acquire what remains of the company almost for free.

In the end, shareholders will have been well and truly taken for a ride by Guido's gang. We'll see what happens, but all I wish for you is to earn back a little money in the hope that SP goes up as much as possible.

Multibagger shares are issued by companies with strong growth potential and demonstrating solid management and production techniques.

If you objectively believe Woodbois belongs to this category of particularly successful companies, tell that to a wooden horse, it'll kick you...

This company is already bankrupt, because the amount of its debts is just appalling. The critical point of a possible return to a vague financial balance has long been passed. It's over.

Stock market alone will not work miracles, there must be consistency with real activity, which has not been the case at all for many months now.

As for carbon credits, this is also a figment of imagination, because the company would have had to comply with specific commitments on the ground, rather than leaving a field of fiscal, social and operational ruins. Don't imagine that Gabonese will agree to let thugs who don't respect any rules earn a lot of money, they're not crazy.

The objective of 50 TC exported per month is unthinkable before a period much longer than 3 months, for the following reasons:

It is already necessary to cut wood, take it out of the forest, prepare it, then cut and dry it. This takes time, especially when rains slow down activity. And it’s also necessary to have equipment in good condition. However, the equipment is dilapidated. It must therefore be repaired (budget) and put back into operation.

It’ll also be necessary to consider paying logging and traffic taxes to have the right to cut, but also to drive with the trucks that transport logs. Not to mention paying the rental to the leasing company, and perhaps settle some debts on this part...

Then it takes time to transport processed quantities to the port. It will also be necessary to wait to ship, because of customs formalities (not free) to complete.

I’ll stop the list of conditions to be met there, but what I am stating is very concrete. So, beware of too optimistic announcements, not to say fanciful. Everyone wants this company to recover, but incantations will not do the job. It’ll take time and cash, without forgetting the main thing: real expertise in forestry sector.

And to finish on the realistic side, speculation on carbon credits sometimes mentioned by some is a pure scam. Gabonese will not allow it. That's how it is.

Here’s some recent information for shareholders who’re need real facts. RNS just give false stories to encourage you not to leave a sinking ship due to incompetence, stubbornness and arrogance of captain Guido (his specialty is rather campsite’s management in France). So, this post is not aimed at regulars who play with full knowledge of the facts.

One detail must be kept in mind: Guido is an employee, a front for his Dutch friends who took over from the British staff a year ago. And this year was mainly based on stock market speculation. Over the months, we’ve observed a progressive, but above all excessive gap between volume of shares and real assets. Any analyst would find it abnormal that for a workforce of a hundred employees (not 300 as RNS claim) and a reduced activity, we end up with more than 5 billion shares. But if you don't know what this company really looks like on the ground, you can be convinced that everything’s fine. However, the financial and stock market trajectory should alarm the most enlightened, especially with RNS that are clearly dubious.

Guido, like a good crook, discreetly flew away at a time when no one was paying attention. Major shareholders he represented knew full well the deal was going badly. They therefore took care to anticipate during summer to protect their own assets from a crash. To cover up, they anesthetized you with beautiful promises, as they’ve done since beginning.

I’m back from Gabon where I observed live last (feverish) weeks of "Guido era". The "technical" criteria mentioned by some are fanciful:

Forestry activity has stopped. They’re just trying to get out already cut logs to process them, but they’re not in good condition and with the rains, it’s complicated, they’ve to create tracks (muddy…) in the forest.

Warehouses are not full. There were a few pallets of veneer left, which were repackaged to be delivered to a customer who has been waiting for them for a long time. A video shows this, but it’s not at all part of the current activity. It will not make the company any money.

The lumber yard has no real stock to process, it’s miserable. They even bought a few logs from other forestry companies. Surreal.

At the port, there are a couple of containers ready for export, but this is old news and since the freight forwarders and carriers are not paid, they’ll go anywhere.

There are less than 100 employees, the other 200 mentioned by Guido only had short-term contracts, they were not renewed and workforce has therefore returned to less than 100 for several months.

Processing lines are not operational, because equipment have not been maintained, so machines are dangerous to use or inoperable.

Log transport trucks are in process of being seized by banking credit institution (Finatra, a subsidiary of BGFI Bank). And of the initial fleet of machines (14), only 6 are still running.

The head of Mouila exploitation site fled about two weeks ago after having diverted what he could from a meager local activity.

Woodbois' reputation in Gabon is a nightmare. Absolutely no one trusts them at all. By constantly swindling administration, suppliers, service providers, subcontractors and employees, you would have to be a magician (particularly rich and especially generous...) to reverse the trend. With a lot of money and a management team of serious, competent and motivated guys (task is immense), well paid, it could be relaunched after a year. So, don't dream about "increasing" productivity (it can't drop any further) and a return to balance or substantial profits in 2025, it's a pure mirage.

As for carbon credits story, it's all hot air. We’re in a pattern of shareholder manipulation when we talk about this great prospect.

This is the situation at the end of the year.

I’m a simple field observer who liked this company for having worked with some of its managers in the past. Woodbois is made up of managers and employees who work hard to extract and process wood for export purposes and make money for the company and shareholders who support it in a win-win way. If this mechanism is broken, disaster is assured. I'm not even talking about respect for those who work on the ground, whom Guido clearly did not take the trouble to inform of his departure. In any case, he has always despised the employees he claimed to lead to success...

There is no easy money, except for crooks obviously. As for the unconditional supporters of this gang, they got fooled like all those who could not discern reality. Because Guido also despised them...

I hope the company will be saved by an honest team, because it really deserves to be supported (but by avoiding such lamentable practices).

If you're reading this, Valsen, I hope you've boarded the Guidobus like the rest of us as we honk and honk all the way 🚆🚂

Good evening Dashboom,

and now, what d'ya think of my information and warnings about dubious profile of Mr. Guido, the champion of manipulation? Still off topic?

Merry Christmas

Guido is a hell of a magician!

I think current Nomad was convinced by the prospect of growth based on carbon credits. However, in reality, Gabonese authorities will absolutely not allow this company to speculate on this segment of business under any circumstances, I repeat, under any circumstances, especially because of all the failures noted in terms of non-payment of taxes, charges, salaries, debts of all kinds by service providers, subcontractors and suppliers.

Woobois is blacklisted in Libreville. His reputation is execrable.

The gang of crooks who sell you mirages with arguments for six-year-olds have managed to get into their pockets at your expense.

Be objective and look at the fluctuations in share prices : it is just crazy to still believe in Santa Claus by studying twisted RNS that have absolutely no tangible results to present, nothing but hazy promises.

Finally, analyze the parameters realistically : a company with less than 300 people that manages to issue more than 4 billion shares on AIM market is just abnormal. There’s a huge gap between assets (which are in total disrepair, contrary to what some believe, because the sums released go into the pockets of major investors, never into the company or to the shareholders who serve as manna for these talented smooth-talkers) and the real cash flow which is in the dark red. Don't forget that they also owe money to a Danish bank, in addition to their train of skeletons in Gabon.

So, on a personal note, I wish you happy and fruitful end-of-year celebrations with Woodbois. Guido and his friends will drink champagne for free after selling you wind for almost a year!

Hi Matthiew,

The problems with employees for the past 8 months are the result of contemptuous and chaotic management by the CEO and his Congolese bimbo, as well as the girl acting as HR manager in Libreville. For instance, a guy from London office was even fired instantly because he dared to criticize Aminata (the Congolese girl) during a mission in Libreville.

Another example: Guido appointed the night watchman of a work site near Mouila (a Malian) as sawmill manager. Very soon after, the boiler of the wood dryer exploded because no one had thought to put water in it or check anything.

The video on Youtube mentioned by Dashboom clearly mentions Woodbois. It's one of the subcontractors who was not paid. They are in Nkok where part of wood is processed before being put into containers. Nkok is a special economic zone (tax free).

There is no shortage of examples of management-caused calamities, there is almost enough to write a book. Africa, employees or political climate are really not to blame. They are ruining themselves (and shareholders...) without assistance!

But when I say that, people say I've a bad mind... LOL

‘’I do believe that this company has good intentions.

Especially with carbon credits we should all invest in saving our planet.

Come on woodbois I know you can succeed.’’

DmckillOOPS, your argument is just pathetic.

Do you really believe shareholders are stupid enough to swallow your carbon plan story?

Even an 8-year-old child would not be convinced by your RNS’s and your little shenanigans in order trying to save appearances.

You’ve suffocated your own company by siphoning off all the money you could, managing like brutes and firing experienced executives

Guido does not have Donald Trump's talent. The only thing he shares with Trump is the excesses and caricatured management of a white man who knows nothing about Africa and who does not care much about what happens when he makes stupid decisions. In fact, he has no real talent, he’s just Sebastiaan's lapdog.

As for a Nomad, there’ll be none. It's over. On the other hand, one expect you’re going to organize a takeover of the company, at a low price and between friends, with a new flag. It’ll be difficult to return to stock market, you will be burned.

On the other hand, you’ll no longer be able to do what you want in Gabon, even by hiding behind new people and a new company's name.

In the meantime, stay at home in Monaco or elsewhere, and try to be forgotten. You’ve caused enough damage as it is.

They certainly lined their pockets. But Guido, through his ego and stubbornness, destroyed the company's ability to earn money. Before taking control of this company on behalf of his mentors, Guido did not do seriously the due diligence. He is therefore in no way a wise businessman.

Furthermore, Guido embezzled the money due to subcontractor, suppliers and service providers. He never paid his charges in Gabon, while strutting around in ministerial lounges or sponsoring a golf tournament, while employees waited for their salaries. He stole shareholders and did nothing but liyng in his RNS's.

So, in conclusion, without any ambiguity and in light of facts, we can affirm that Guido is a big liar, a crook. And on the business level, he’s just a lame duck, not to say a loser. In no way he’s a victim, but just a big sly one.

hi dashboom,

one should not dream too much about a nomad. due dil on this file are so explosive that, unless beeing an accomplice (and paid for it), no serious trader will risk his reputation to serve a gang of madoff or ponzi-style crooks. this would also amount to consciously trampling on interests of shareholders.

same causes produce same effects. believing things’ll change by continuing with same leaders and same methods is to be totally out of touch with reality.

it just was managers who caused discord and financial losses in this company, who disgusted salespeople and competent staff (who left when they could or were simply fired like **** by the charming guido).

we can easily understand frustration of ripped-off shareholders, we are here in a process of mourning. after revolt, there’s no other choice than accept reality, which will always be stronger than speeches and hopes.

Hi Sam, thank you for your words. I’m honored.

I hope that other shareholders will have been able to extract themselves from this downward spiral.

It revolted me seeing directly in Gabon (where I’m presently) results of such a dishonest management.

So, it was as easy as important helping independent shareholders to take the measure of those very high risks on their investments, providing ground information - - verifiable by themselves - -.

Dear Rathunter, you seem to be targeting the wrong people.

What you’re expressing is just an opinion. You just speak like Guido or Thetinyfish.

But, as gentlemen we are, we let you an opportunity to give us factual, and above all verifiable, real elements, to proove us we’re wrong to be pessimistic, because everything’s going very well at Woodbois.

It can be seen everywhere, can’t it ?.

hi dashboom,

reread my last 10 posts, you'll have enough details to answer your questions.

and nothing is moving here, it's still blocked. no serious activity likely to earn a little money. it's dead. it's only in rns that one could believe **** can be arranged.

but it's really too late, bull**** festival is over.

The phone number is Guido's in France (he is the administrator of a campsite with his wife).

Your last comments are particularly wise and fair. You precisely summarise what led me to alert you 5 months ago, because I’ve known this company for years and I could clearly see that it was going to collapse due to the arrogant stance of its current management. It was obvious. It is not complicated for me, coz I often work in Gabon and I directly observe the results of this waste.

On this subject, it’s not Africa that is to be blamed, it’s only the stupid and stubborn attitude of someone who thinks he knows better than others, because he is used to fool everyone with his accomplices. But reality was stronger than him. Before the arrival of this madman, the company was functioning and making some profit. When it had difficulties, it was the direct consequence of inappropriate managerial behavior. That's all. For my part, I’ve been working in Africa as an independent operator for over twenty years and I earn a good living, even if I have missed out on deals, but no more than in Europe.

I’m sincerely sorry for you, who are collateral victims of this bunch of imposters. Damages to employees and their families are a catastrophe, because it was their livelihood. They lose everything. As for subcontractors, suppliers and service providers, they are disgusted to be duped and robbed by Westerners who claim to work according to principles of good governance, transparency and respect for commitments, and blah blah blah...

As they say in Africa: Guido was born before shame!

Rereading thetinyfish’s posts, I realize that they’re the pure emanation of CEO's manipulating thought. You’ll better understand what we’re talking about and how he tries to fool you.

I know that his investor friends were fooled by previous team (who manipulated company's accounts in 2023), but that’s no reason to scam subcontractors, small investors and employees, in addition to completely disorganizing the only business unit that was more or less functioning.

Sounds like a mixture of pure dishonesty and lack of discernment, unworthy of people who claim to act on basis of high ethical and governance values.

They’re just in fact a bunch of crooks, and they can no longer hide it.

But they’ll surely find a scam to buy back the company (through a screen) and continue to act in background.

And the farce probably will go on, cause some investors will think they can recover part of their losses, poor’em…

well, i think that with these twisted people, there might be possibilities to ride a rebound.

but the risk seems really high and in any case, this farce will inevitably have to end.

and for those who believe that by holding on for a long time, one could hit the jackpot with carbon credits, even if it makes you fantasize, it's absolute bull****.