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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Woodbois Limited | WBI | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -0.01 | -4.44% | 0.215 | 08:13:23 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.225 | 0.215 | 0.225 | 0.225 |
| Industry Sector |
|---|
| FORESTRY & PAPER |
| Top Posts |
|---|
Posted at 12/11/2024 17:18 by odillon btw I believe that your first post on this site regarding WBI appeared far more recently than a 90% drop in price. But do refer me to any earlier post from your good self than when the NOMAD resigned as I may be mistaken. |
Posted at 12/11/2024 17:10 by odillon I fear that may be an imaginary friend you refer to. But I view you as an ally as your continued kind attention to WBI with your one life gives me the impression that you see an upside for this share. |
Posted at 12/11/2024 00:11 by odillon It is good to see the company trading again on AIM and with a new NOMAD in place.There will have been some scooping further the pooping going on during the first day back trading and in the near future.(The poop and scoop is the practice of bashing a share in the hope of encouraging others to sell so that it can be picked up at a low price). This share has previously been affected by the pump and dump and more recently the poop and scoop. (New faces appearing on WBI boards, including this one, who have never taken any interest in WBI before and are suddenly spending their one life making scathing remarks about it). Owning this share has been a bumpy ride in the last few years. (I hope to get a part in "Woodbois the movie" when it comes out). Here's hoping for a period of calm and steady growth. |
Posted at 14/10/2024 11:51 by odillon Sorry JK you were referring to the NOMAD resignation not the director's.What you suggest is a possible scenario. But I remain open-minded. If there was a serious breach of AIM rules by WBI why have Canacoord not said what it is or at least that there has been such a breach and why were WBI looking for a new NOMAD before they resigned? |
Posted at 14/10/2024 10:10 by odillon The shares are suspended and so nothing posted on forums can affect the price. We are waiting to see what happens next.We do not know what has happened. No reason has been given for Canacoord resigning. Some have assumed that there has been fault on the part of WBI. I have merely conjectured that there may be other reasons for the NOMAD resignation other than WBI being at fault, such as a conflict of interest having arisen or a planned change of NOMAD. There is no desperation in my posts. I am simply remaining open-minded. As the shares are suspended there is nothing to be gained from any attempt to "distract attention". But there is venom and unpleasantness in the responses from Fenners66. Is this a 54 years of hurt phenomenon? The first thing I checked today was to see if the other two brokers had resigned. As far as I can see they have not. |
Posted at 12/10/2024 23:37 by fenners66 JakNife as I said in post 1347 , Odillion seemed to be desperate to distract attention from WBI suggesting that the Nomad would resign with immediate effect just because they thought they would be replaced in the future.Why would anyone who may have shares in WBI want to suggest that ? Shares suspended , director removed with immediate effect , loses money , had its bank effectively resign previously why would anyone even dream of gambling their hard earned here , let alone try to defend the company and blame the nomad ? |
Posted at 12/10/2024 13:10 by fenners66 OdillonYou raised this - "Odillon 11 Oct '24 - 16:32 - 1343 of 1348 Another possibility may be that following the recent global reorganisation of WBI's business, it was more administratively convenient to appoint a different advisor and Canaccord jumped before they were ousted?" The key part (and you know well) is they "jumped befoe being ousted" So you know full well you are suggesting the reason could be they would just as nomad leave WBI in the lurch. You now may want to back track when I spell out the implications of what you are suggesting there as it would damage their reputation and that is why its unthinkable for a nomad. Perhaps you now do see your suggestion was BS. |
Posted at 12/10/2024 11:01 by odillon I think it is you that is suggesting that the NOMAD is not to be trusted. I have not said that, you have raised this.If the resignation stems from a conflict of interest they cannot represent WBI. So they would be doing the right thing by resigning. Why are you interpreting that to mean that the NOMAD cannot be trusted? If they believe that WBI have fallen foul of AIM's regulations and they are unable to assist WBI to address this, then again they have done the right thing by resigning. But that does not appear to be consistent with WBI being in the process of appointing a new NOMAD. That is what makes me think that it may be something other than a breach of AIM rules. The RNS makes it clear that WBI knew that Canacoord were going to resign. WBI were therefore on notice of the resignation. So the advisors say they are going to resign and then they do. How is that being untrustworthy? WBI know they are going to resign (and presumably know why) and are in the process of appointing a new NOMAD. As they were on notice they had a head start on the usual time period for appointing an alternative adviser. Looking through other examples of where a NOMAD has resigned there is generally a clear reason given in the RNS, which generally appears to be that a company has filed to go into administration. There is no indication of this with WBI. Also, in other examples, when the NOMAD resigns so do all company brokers. Canaccord have resigned both as advisors and brokers, but, as matters stand, the other two brokers have not resigned. We do not know what has happened to cause Canaccord to resign. At this stage I am not attributing blame to either the company or the NOMAD. Can you say the same? |
Posted at 11/10/2024 22:42 by odillon If it is a conflict of interest they would have no choice and if WBI were jumping horses it may not be unreasonable.We are told that the WBI director resigned, but if you check the articles of incorporation the provision cited is the one where the resignation is triggered by the written requirement of the other directors. So it is a forced resignation. We have no idea why Canaccord resigned. But if it was as a consequence of wrongdoing by WBI - why have Canaccord not said this? We are told that WBI are in the process appointing new advisers. How could they be doing so if there was an AIM's Rules impediment to their seeking new representation? btw - mind your language. You can disagree without disrespect. |
Posted at 11/10/2024 13:27 by odillon We have no idea why Canaccord resigned. But on the day they resigned as WBI advisors they also appointed a new CFO Nadine Ahn.Could it be that Canaccord had to resign as the appointment created some conflict of interest? Could it also be that the WBI director then had to resign as they could not appoint the alternative advisors with him in place without creating another conflict of interest? Other sites say he had only been with the company for 9 days. That is not correct, he had been with the company since late June in another capacity. |
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