United Development Funding IV fka UDFI

[56Chevy]

It was all I could do to resist saying 'somebody knows something' when posting earlier re: todays' stunningly high volume.

Turns out somebody did know something...and they knew it before the closing bell...and hours before the 8-k was released. Imagine that!

As you say perhaps this will light a fire under Greenlaw.

2 weeks ago I called the IR asking what the holdup was on getting the financials out and I was told that "the auditing had stopped during the SEC investigation ..but now that it was over UDF could resume work [on the financials] again". In other words they were putting the blame squarely on the shoulders of the SEC.

In light of this action taken today by the SEC I can't help but think they got wind that they were being blamed and took exception to it. ?? It wouldn't surprise me in the least.

Lets' hope this jolts Greenlaw & Co into action.