Well don't forget MacKenzie Capital is still out there.
They were looking for 1.55MM which is just shy of the legal REIT limit of 10% ownership and only picked up 38,662 in their tender offer.
I highly doubt they threw in the towel. If they can pick up 5,000 @ day it's long slog towards 1.55MM but every little bit helps. In 10 days they could get more than their tender offer.
Something is better than nothing. If possible they may pick up the pace as time goes by...and perhaps that could mean another round of tender offer(s) are in the future.
If so they'll have to do better than $3.
Marker:
United Development F (UDFI)
$3.00 up 0.09 (3.09%)
Volume: 7,083
Nothing in my hand I bring...simply to thy cross I cling --- Engraving on Hawaiian Missionary headstone mid-1800's.