United Development Funding IV fka UDFI

[ofirm]

I have said it before and will say it again: this is a fight between
two predators on a prey. I think its easy to figure out what unitholders
are.
Greenlaw etc. recruited money based on a promise there will be a stable
cash flow that will allow a constant income. the reality was that the
value is there, but the cash flow is not a consistant stream but a
multiple future liquidity events. does that makes them a ponzi like?
no. does it make them worthy of punishment? yes.
Mr Bass is not vindicated by this and there is still a question about
the sec settling and then another arm of the government suing for the
same actions.
For me, I think unitholders should think about starting something to
separate the fund from its current manager. knowing that this never
ending saga just moved a phase makes me think that while there is a
claim for separating from the manager, we should think about using it
or get a new deal with the manager.