United Development Funding IV fka UDFI

[ofirm]

Bass made very specific claims. anything that says the entities are
sustainable makes his claims false. based on preaching those claims
Mr Bass convinced people to sell their units at a reduced price. if
the collateral for the loans made is solid (as he made private claims
to potential investors for a private fund to buy those "bad" loans) -
Bass has a problem. it gets worse for him as the UDF loans deal
mostly with one to two large developers - but they are part of a
cross collateral contract. that means that individual loan value
are less important. what is more important is the solvency of the
borrower (which explains why Bass tried to take Centaurion down -
to cover for its false claims). Bass's interference with financial
borrowing and agreements with lenders (lenders confirm it) based on
what seems as false information while knowing its false is a huge
problem. I think Mr Bass did not know when to cut hisa losses. you
have here multiple UDF entities and each has its own damages, but
the only public one is IV. public entity is a problem for many
reasons. one of them is that the SEC will eventually have to do
something about it.