United Development Funding IV fka UDFI

[ofirm]

I am pretty sure that Mr Bass saying that UDF is basically in
liquidation mode will make the judge laugh out loud. the entire
point of the alleged damages to UDF and its funds is that Mr Bass
took illegal actions that basically prevented them from initiating
new business. over time projects are developed and what was lent
against bare land gets recycled as construction loans for the
development and later on, as bonds get issued, money gets paid for
water infrastructure etc. as projects reach certain sales milestones
things move on, but UDF basically have very little access to outside
capital.