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As just one former EbixCash executive explained to us, the pace of acquisitions was unlike nearly anything he had Formerly noticed, describing Chairman & CEO Robin Raina’s acquisition style as lacking formal due-diligence:
EbixCash has claimed to have an enormous retail distribution network of 650,000 physical distribution outlets in India, ostensibly giving it a major competitive gain in its effort to sell cards directly to consumers.
Generally, if white chooses not to play the bishop to c4, he will prefer to fianchetto the bishop to g2.
The same former EbixCash executive explained Raina as “self centered” and also a “control freak”, adding that his style resulted in Indian acquisitions that at the moment are all struggling:
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In that case, White would also develop the knight with five. Nf3, and at some point play d4 to reveal the dark-squared bishop’s attack on Black’s weak f4 pawn.
2017 (November): We wrote an article about Pershing Gold (NASDAQ:PGLC) and recognized a vital individual powering a series of irregular company disclosures. That individual was later charged because of the SEC because the “primary strategist” of the group alleged to have operate multiple pump and dump schemes.
BlackRock purchased Vanguard Renewables, a company that makes use of a combination of farm and food waste to supply renewable natural gasoline, for $seven hundred million on Wednesday.
Local communities could also be significantly impacted by this trend. Corporate ownership might change the community culture, presumably eroding neighborhood bonds and community cohesion.
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Only 40 distributors (seven% of People that picked up) informed us they do sell EbixCash/Itzcash cards. When questioned whether growth has increased since the pandemic, as Ebix has continuously claimed, most said sales have actually declined.
For instance, a need for legislative measures prioritizing first-time homebuyers may emerge, or approaches to cap the volume of residential properties that these large corporations can acquire within check it out specific localities or cities.
BlackRock could ultimately spend more than $1 billion to fuel the expansion of Vanguard Renewables, company sources advised The Wall Street Journal. That growth contains plans to build more than 100 anaerobic digesters that would generate renewable natural gas across the country by 2026.
2022 (June): We wrote about Ebix, Inc., a fintech company that we alleged displayed hallmarks of fake revenue at its key subsidiary, EbixCash. We also wrote about the company’s huge debt load and predicted it would face insolvency risks in roughly a year.
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