United Development Funding IV fka UDFI

[56Chevy]

Also, I would guess the fund is paying the bills on this lawsuit. I doubt Hollis and Company are taking the risk. The benefits of using other peoples money…

Absolutely true...which leads into a host of remedial steps freddie put forth back in Feb. when he posted this;

New Director / Buybacks

Shareholders need to make a push for an outside director with clout eg Highland. Also, silly to spend all of your cash making developer loans at 13% when stock is trading .20-.50 book value or so.

Management comp based on assets needs to be changed as well.

These are spot on suggestions when the first opportunity to carry them out arises.

Marker:
United Development F (UDFI)
$3.21 up 0.01 (0.31%)
Volume: 24,804