What the company is doing is punishing loyal shareholders - 1:5?- How about 1:2 - this would give the company 140MM shares outstanding - quite respectable -

Lets tell the truth --if Excellon wants increased visibility and a higher SP, they need to do something every other company does, but they are unwilling to do- come up with a RESERVE ESTIMATE (NI 43-101)!

Call into Excellon's offices - let them know how you feel - if mgmt wants 1:5, then we should vote against the stock option plan - let them go on the open market and purchase their shares.

WB