Ebix Inc (EBIXQ)

[DownWithPumpers]

Not only are they buying back 25% of the company stock (at $10/sh), but they denied all the allegations in that PR... EBIX strikes back... I think it easily hits 13 to 14 dollars this week.

The company obviously knows their own financial condition better than anyone. They know that their stock is essentially worthless. Why would they pay real money for it?

All they did was make a non-binding announcement.

The stock market isn't that easy. You just don't look for articles saying a company is a fraud, buy it, and then expect a 50% gain in one week.