United Development Funding IV fka UDFI

[Jh5142]

I wish I knew when they planned on publishing the financials. Its possible that the class action slowed that process. It won't be final approved until February. I hope they aren't waiting for that.

Another piece of info will be if there will be any dividend paid in UDF IV this year. There were none for either UDF III or IV last year or this year YTD.

UDF V paid a dividend earlier this year.

In my view, there are 3 main people that UDF wants to 'settle up' with.

1. SEC/FBI
2. Investors in the funds
3. Bass/Hayman

The SEC is now settled. I assume the FBI is not going to act. The company is using the auditors as an excuse as to why they are not publishing financials.

And the Bass issue won't be resolved for a long time. UDF won the first round and now we need to see if the lawsuit holds up on Bass' appeal.

UDF IV has done 8-K's over the last 3 years communicating with investors via letters. It seems like they could do that, at least. They've already said that debt has been paid down to minimal levels.

Greenlaw stated in his affidavit that loan assets were just under $900 million near the end of 2016. We don't have fund level breakout, nor do know how many assets were sold at a loss or needed to be written down.