Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Western Forest Products Inc T.WEF

Alternate Symbol(s):  WFSTF

Western Forest Products Inc. is a Canada-based integrated forest products company building a margin-focused log and lumber business to compete in global softwood markets. The Company’s primary business is the sale of lumber and logs, which includes timber harvesting, sawmilling logs into specialty lumber, value-added lumber and glulam remanufacturing, and wholesaling purchased lumber. It has a lumber capacity of approximately 885 million board feet from six sawmills, as well as operates four remanufacturing facilities and two glulam manufacturing facilities. The Company's product categories include outdoor living, exterior appearance, LIFESTYLE CEDAR, interior living, structural, industrial and WFP engineered products. Its outdoor living products include decking, timbers and fencing products. Its LIFESTYLE CEDAR products include LIFESTYLE CEDAR Decking and LIFESTYLE CEDAR Fencing. Its WFP Engineered Products include curved and arched glulams, straight glulams, and fabricated trusses.


TSX:WEF - Post by User

Post by astuteinon Mar 28, 2021 4:35pm
265 Views
Post# 32895609

Clarification of Demons frustration post requested-

Clarification of Demons frustration post requested-

Coopsvw92-  Your post of  Demons sellings reflects a negative view of inside selling.

I would like to clarify the following facts re Donald Demons selling of of such a minute portion of his shares.

Feb18/2021 Donald was granted 363,903 PERFORMANCESHARES  to hold a total of  1,399,674

Feb 26         Exercise for cash       224,000            to hold total of   1,186,072

HOLDINGS OF DONALD DEMONS

845,000 COMMON SHARES

260.393  Deferred

9,219,048 Options

1,186,072  Performanceshares

241,935 Restricted shares

My comment in view of the above facts.

Donald Demons has been with company for over ten years (I believe 2009) and has seen the good and bad times and has been guiding force for company.  He has been granted  performance shares for his lead of company in amount of 1,186,072 shares. Don is in process of  making us shareholders a lot of money so he should not be singled out for his insignifcant sale of performance shares.  In addition when he sees fit he has 9,219,048 of options.

IN SUMMARY - THE SALE OF INSIGNIFICANT SHARES OF WHICH HE IS ENTITLED SHOULD NOT HAVE BEEN RPORTED BY BOARD MEMBER AS FRUSTRATION.

WEF IS ON RISE FOR NEXT PERIOD AND HOPEFULLY NEXT YEAR. LETS ENJOYTHE RIDE AND EVERBODY WILL BE HAPPY AND DEMONS CAN HAVE HIS PERFORMANCE PAY.

<< Previous
Bullboard Posts
Next >>