United Development Funding IV fka UDFI

[Jh5142]

The stock was driven down to less than $2 from $17 when, it appears, the asset value is above $10 per share.

There's a reason www.udfexposed.com website was taken down around the time that UDF published audited financials that countered the 'UDF IV is a worthless Ponzi like scheme' thesis.

Seems to me like a potential problem for those who profited by the decline well below asset value. Much of the info contained in udfexposed appears to have been incorrect. And, based on some court filings, that info was aggressively marketed.