Ebix shares are worth no more than $5.00/share, & approach $0.00 as the event risks unfold.
I lost a great deal of money due to a stock swindle in the years 1999 and 2000 and never recovered from it. The SEC did nothing just like they are doing on this stock. The company lied right down to the last day before they went BK and never reported a loss for any quarter.
I researched EBIX some time ago and did not buy it because red flags were flying and still are. There are many thousands of good stocks to put your money in. I am surprised that the price of EBIX is holding up. This is a good time to sell it before it drops like a rock. People who perpetuate scams do not go to jail and they know they won't. They will pay less than 10 cents on the dollar when the law suites are settled and you will feel like you were raped.
This is the last time that I will be posting on this board. Since my big loss, I follow stocks that my research indicates that it could be a scam. The reason is that I am learning very well how to recognize window dressing and red flags. I am a much better trader now because of it.
Could you provide one thing you are concerned about instead of throwing out innuendo? Your problem is that you don't know the first thing about accounting. Investing isn't for you stock_animal. Why don't you try painting or something like that?
You really have to appreciate those trading geniuses that take time out to make a post about a stock they aren't invested in just to benefit us foolish people who invest in it. I don't post on boards where I have no skin in the game, and I keep my mouth shut when I think a stock is going south, just get out and move on.
Well, this is a new approach for a low life short seller. I just read some of your other posts, and for such a great trader, you don't seem to like any company on the exchange! Good luck spreading your manure.