United Development Funding IV fka UDFI

[Phaedrus77]

If there was an issue with the prior work, they would need to issue an 8-k stating that they are restating prior financials and/or those financials shouldn’t be relied on.

According to IR, the ‘15 financials were almost done when the SEC issued the Wells notices and all work (supposedly) stopped.

That being said, they’ll probably announce tonight that they have to restate prior financials. I’ve learned to always expect the worst with these clowns. ;)