United Development Funding IV fka UDFI

[ofirm]

The problem is that it seems you have two thieves fighting over a prey.
Nextpoint was claimed by the current udf people to be connected to
Kyle Bass. to that end, Nextpoint only said they were never part of
the short and distort scheme. they never said in that legal letter
they published that they are not connected to Mr. Bass.
I am pretty certain that due to the litigation the management has no
real incentive to go ahead and publish the results. one of the
reasons for that is that any auditor insane enough to stick his/her
head to this matter will need to be ultra conservative in their
approach and that would be in the interest of current managers.
One thing that puzzles me about this entire saga is that nowhere do
the managers here talk about helping a class action lawsuit against
Mr Bass by the unit holders here. they say there were over $500M
of damages created to the value of their units, but they have no
interest in helping such a lawsuit? one might suspect that lawsuit
might go after the managers too at some point and that is the reason
they do nothing about that.
Regarding publicly traded - its still sec supervised and the sec still
has an obligation to enforce the regulations on them.