United Development Funding IV fka UDFI

[actofwill]

To come back to your earlier post about whether one should be defending management.

The facts have emerged that Bass did something wrong independently of what management could have done wrong (and perhaps the FBI/SEC/Edelman as well)

Management is average at best and does the normal holdco hollow out. Every REIT/BDC has the same conflict issue and hence should trade at a discount.

Objectively, then there is no reason why Bass and UDF could end up in jail together. Which is, ironically, perhaps a great catalyst to unlock value from the stock, which is the only real concern here.