United Development Funding IV fka UDFI

[REITInvestor58]

You are correct. The broker non-votes count toward a quorum. Then, under plurality voting, theoretically one FOR vote would elect Kenney (although that would certainly fuel more fire). Question is whether brokers will vote given fact company is no longer public and has had such a seedy past. Maybe if they hear from their clients “don’t submit proxies” they won’t submit proxies.