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
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