United Development Funding IV fka UDFI

[ofirm]

The problem with everything Bass is claiming is that he can not explain his own
behavior as far as short and distort. if he was coming as an activist and presenting
a case against UDF management in order to take over management (a very
lucrative gig - fyi), he could have been believed. instead he went for forcing the
fund to go under so he could buy the assets on the cheap. you can see why
anything he claims now should be taken with a grain or two of salt. 90% of the
damage he created was to unitholders and to the IV trust. UDF itself is not much
of the damage that is sued by him. UDF doing any purchasing of older loans for
newer funds is being claimed to be a ponzi like behavior. that is a very tangible
claim. please show how the loan is not worth the amount paid for by the new fund.
its a very simple test. show that and you have a chance of proving something that
is not even related to your direct actions that caused most of the damage.