United Development Funding IV fka UDFI

[Phaedrus77]

Can’t vote if no annual meeting is held. Can’t hold an annual meeting without financials (at least according to UDF mgmt). Meanwhile, they keep on collecting their mgmt fees.

I have no doubt the audit would have been completed if Greenlaw, etc had been replaced years ago. Auditors need to rely on management representations. It’s hard to rely on those representations when the mgmt lied to the prior auditors and also agreed to pay millions in fines.