United Development Funding IV fka UDFI

[Jh5142]

The SEC has thoroughly reviewed all of the books of all of the UDF funds. They know what the value that is in each fund. As I have shared previously, I believe if there were significant impairments or fraud the settlement would have looked much different. Also, if there was fraud I believe the DOJ would’ve acted by now. So I continue to believe there is considerable value left in the portfolio.

If the SEC forces de-registration, it isn’t that big of a deal in my opinion, because once the financials are filed they can re-register and then try and re-list on a major exchange.

I do agree that this is the SEC’s way of sending a message that it’s time for management to get the financials filed. If the SPC forces the registration, it isn’t that big of a deal in my opinion, because once the financials are filed they can re-register and then try and re-list on a major exchange.

I do agree that this is the SEC’s way of sending a message that it’s time for management to get the financials filed.

The problem is is that de-registering doesn’t hurt Hollis and the other management. It hurts the shareholders of each of the funds.