Excellon Resources Inc T.EXN

RE: RE: RE: More Insider Buying

[dsel]

4. Why do Marker (TSX Insider Trade Summary) reports sometimes not match the list of SEDI insider transactions?

There are times when marker trades will not show up in SEDI. To the best of our knowledge, this may be due to the following:

• The trade was mistakenly marked; this can happen in a basket trade of stocks by one large player
• The trade was made by a former insider but has been mistakenly marked as a current insider
• The trade was made by an institution that reports on SEDAR using the Alternative Monthly Reporting system under National Instrument 62-103 (Part 4) and marked as an insider
• The insider has not filed the trade on SEDI yet (see FAQ#2)

There are also a number times when SEDI insider activity will not show up on marker lists:

• The insider trades were not made on the TSX or Venture Exchanges
• The transactions were executed off an exchange such as through option exercises or private placements
• The insider trade was missed through the marker data collection process

There may be other reasons for the discrepancies. As such, extreme caution should be used when looking at marker data.

For a case study discussing the differences between marker and SEDI information, please read our September 13, 2010 Morning INK.

https://www.canadianinsider.com/node/12