United Development Funding IV fka UDFI

[ofirm]

if Nexpoint were serious - they would have showed a plan to:
1. pending independent analysis -
a. get cancellation of the existing udfi management agreement and
b. combine the assets with one of their public funds at an equal
discount to nav as the public fund trades at.
2. keep sufficient monies for Bass legal action on the side while
reserving 100% of the resulting funds to be distributed to legacy
unit holders. if they have an issue with the Bass legal action -
please disclose full conflict of interests.
3. someone (Nexpoint?) needs to provide for legal fees schedule as it
is pretty clear that IV was funding legal fees of all entities,
which puts it in a position to gain the most even if some of the
action is fruitfull. without that data - it should be clear that
Nexpoint has different motives than they stated.

My belief is that IV has tens of millions in legal fees here that are
not on the books (as they are sunk cost with unknown results at this
time) and that it could result in a lot more than mere damages to the
trust by Bass if won in court.

Why would unitholders not just invite other (more successfull over time
than Nexpoint) to bid for the potential contract? they are just a
large unitholder and no more after all.