United Development Funding IV fka UDFI

[actofwill]

Probably more like generating additional discovery for their buddy Kyle Bass (via Jim Dondero). If Nexpoint were never short UDFI they could have answered that question easily and publicly? Fact is they did not. So reasonably they could have been "in" on the "destroy UDFI and buy it back cheap" play.

Or creating a "white knight" image so that people would be pursued to sell in the tender offer at a silly price.

Not saying that UDF are angels. Probably just run-off the mill holdco monks; no alpha.

However, in the latest discovery we ironically see Kyle Bass talking Jim out of the investment. Scrambling in all directions to throw mud at it. Typical sign of a guy that is being boxed in. What happened to "ponzi-like" - no good anymore?

http://www.udfonline.com/wp-content/uploads/2020/12/476_HAYMAN0053535_image.pdf

At least I can cancel my Netflix subscription if the discovery keeps on coming....