These are just my opinions and nothing i post should be considered to be investment advice or solicitation
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*United Development Funding IV Recommends Shareholders Reject Hedge Fund NexPoint’s Hostile Tender Offer
https://www.streetinsider.com/Globe+Newswire/United+Development+Funding+IV+Recommends+Shareholders+Reject+Hedge+Fund+NexPoint%E2%80%99s+Hostile+Tender+Offer/17732525.html
"Shareholders who tender their Shares pursuant to the unsolicited tender offer may be deprived of the potential opportunity to realize the long-term value of their investment in the Trust, as well as restitution from Bass/Hayman."
"The Board believes that the tender offer price of $1.10 per share represents a substantial discount to the current value of the Trust. In fact, the Offeror acknowledges in its Offer to Purchase that the tender offer price may not be reasonable.
The Board has serious concerns that NexPoint/Dondero’s principal interests in taking over the Trust may be to protect the participants in the illegal short and distort fraud scheme perpetrated against the Trust."
$1 billion not *my* number, but look Texaco-Pennzoil
https://www.washingtonpost.com/archive/politics/1985/11/20/jury-awards-1053-billion-to-pennzoil-in-texaco-case/7d3d352f-816a-416c-95a9-19cc116db240/
tortious interference
Havent looked at it closely, not a lawyer, time will tell
Think UDFI looking $1 billion from Bass, no settlement
Stock prob worth $5-10 on its own
I bet Nexpoint would buy $1.10 even without financials
Sure they know *exactly* what assets are worth, detailed knowledge of local RE markets
Co may make announcement re Nexpoint joke Tender
Bitcoin HODLS: FRMO and WELX
Contingent deal - 0% prob unless waive conditions
Stupid stunt
Contura Energy and warrants are on the move...
$MUDSU trading...
ORDER: For the reasons set forth in Plaintiffs’ Motion and supporting documents, the Court finds that the Plaintiffs have made prima facie showing of contemplated crime or fraud by the Defendants (Bass et al) , which Defendants knew or reasonably should have known to be crime or fraud. "
https://courtsportal.dallascounty.org/DALLASPROD/DocumentViewer/Embedded/oYIdTYeKXSq5C3KZ9B3DkdJVFIyodjWE9joyVfN-EmqmsXUilNDUEKTxQ7tgU5UI2lW5JyQoeRtY86ET15liDQ2?p=0
Same activist MG Capital in Contura
I own stock and boatload warrants
I bought bunch, oversubscribed
FRMO Corp: Murray Stahl is "Bitcoin Moses"
https://www.frmocorp.com/_content/letters/2020.pdf
Murray Stahl is "Bitcoin Moses"
low-balling it
If court denies, is stock worthless?
Hycroft lost $29 million - warrants prob worthless
https://www.prnewswire.com/news-releases/hycroft-mining-announces-third-quarter-2020-results-301168363.html
John Boland calls warrantholders fools - good enough 4me
I bought HYMC $9s - research says s/b $30s
HYMCW would be ka-ching there too
Payout was a few pennies
Pre-BK shares were cancelled
Stock has little to no value - bankrupt again?
all cash w prob go to interest on debt and capex for at least next couple years unless there is significant turnaround in business.
Maybe be better sell this and go w UVV
Hycroft Mine’s new technique working out
https://elkodaily.com/mining/hycroft-mine-s-new-technique-working-out/article_41f794a5-a00d-585c-a35e-6e076cc393a0.html
I can prob step in or find someone if nexxus gets cold feet
Possibility of new delays?
9/14/20 deadline is just around the corner...
Not so simple to "sell" NOLs
NexPoint Provides Update on United Development Funding IV
http://pdf.reuters.com/htmlnews/htmlnews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20200813:nPnbM7dN1a
Stock halted?
Mudrick backed gold miner SPAC HYMC
http://www.hycroftmining.com/wp-content/uploads/Hycroft-Presentation-Sprott-July-2020-SMJ.pdf
This looks like great board - thanks for invite