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Ebix Inc. Message Board

  • stuart60611 stuart60611 Jun 20, 2013 11:58 AM Flag

    Very Happy Merger Is Dead!

    This merger was such a bad deal for the shareholders and am so glad Goldman has bailed. Raina needs to be fired immediately! He has grossly mismanaged this company over the last few years and literally tried to line his own wallets at the expense of the shareholders. He cannot be trusted and has taken an otherwise good company and destroyed a lot of investor confidence. He could not figure out how to respond to a bunch of short sellers who made up false and often silly allegations which were easily proven false had the company made the effort to do so and which caused the stock to unnecessarily languish for years because of Raina's ineptitude. He then decided to breach his fiduciary duty to shareholders and take the company private for a ridiculously undervalued price so that he could gain even more equity in company for a very low cost while causing all the other shareholders to have to sell out at the low price of $20. I agree that the stock is now way oversold in reaction to the news today and should recover, especially if Raina is removed. Ebix's business model and business execution is solid. We now just need management who are competent and actually adhere to their legal duties to act in the best interest of company shareholders and do not view this public company as their personal bank account. This stock should recover over time and make new highs once new management is in place. I hope Raina gets hit with very large judgments for the intentional and reprehensible misconduct he has engaged during the last few years as CEO.

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