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http://archive.fast-edgar.com/20180416/A8A3Q222H222N2Z2222A2...

Granted around 5.9 MM Stock Acquisition Rights, with a base value of about $7.95 each to incentivize getting the best deal possible in the event Ebix is acquired. That's the board saying "we think this company is worth a heck of a lot more, and Robin, we want you to make sure that we get everything its worth." I still think that the company would do well to commit to raises to the dividend yearly, but as long as this small cap keeps growing across markets worldwide, I'm with the board in believing they need to incentivize Robin. He's been a guiding force in where the company has gotten to today, and seems to have the vision of where it can get to over the next several decades.

Jim
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