RE:I am waiting for an answer from you.Notwrong these simple steps should help you understand the latest WEF secondary offering currently underway.
Step 1 - open the News link for WEF - this is the one just above Western Forest Products
Step 2 - open the actual WEF news release from 8 days ago - January 13, 2014
Step 3 - slowly read the news release - especially all of the first paragraph
Step 4 - come to the understanding that this secondary offering by a Brookfield subsiduary was a bought deal which means that the named brokers have agreed to buy all of the remaining non-voting shares plus 949,403 common shares from Brookfield for $1.98 each, with another 6 million shares available to the named brokers if they want to buy them too.
Step 5 - note that all of the non-voting shares, once bought and paid for by the named brokers, will be converted into voting shares - which the brokers then have already sold to their many valued customers - I was offered the opportunity to buy some of these shares by ScotiaItrade the same evening the news release was made.
Step 6 - finally realize please once and for all that this secondary offering was NOT a buy back by WEF as not only did the total WEF share count NOT drop but also it was clearly the named brokers who bought the shares from the Brookfield subsiduary.