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Bullboard - Stock Discussion Forum 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... see more

TSX:WEF - Post Discussion

Western Forest Products Inc > Clarification of Demons frustration post requested-
View:
Post by astutein on Mar 28, 2021 4:35pm

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.

Comment by Coopsvw92 on Mar 28, 2021 8:37pm
Are you the opinion police?  Kick rocks
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