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Thanks, Mike! This is extremely helpful as it not only gives us some background, but also some background that's a year and a half old. It's very difficult to really know certain things after time has passed.

I'll report back soon; and while Crystal Equity has something of an apologist's tone toward EBIX, their conclusion that it's best to sit on the sidelines until it shakes out continues to be good advice; as much as the annonymous shorter's piece may be a hatchet job, somebody went through a lot of trouble to get a lot of it right (right facts, not necessarily right conclusions).

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