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Randy,

I appricate your well thoughtout post. Thank you for sharing your ideas and conclusions. I too feel that EBIX has been manipulated. However, I plan to hold my position(300 shares)which where purchased at $17.12 per share on 11/7/11.

As an investor, as opposed to being a trader, I intend to hold for at least 3-5 years. But I will not hold blindly if circumstances change.

Once again great your due diligence has proven very insightful.

Respectfully, Mike
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