Replies to post #438 on United Development Funding IV fka UDFI

[Phaedrus77]

More detail on that is contained in paragraph 38 of the SEC complaint.

https://www.sec.gov/litigation/complaints/2018/comp24185.pdf

[56Chevy]

Apparently Thompson & Knight LLP wasnt let in on the dirty little secret...which only served to mislead investors all the more.

Is the SEC our friends??... or foes?? Im having a hard time differentiating.

[Phaedrus77]

I wonder why the SEC wouldn’t allow Whitley Penn to ask UDF about the discrepancies between the 2 projections.

I think UDF needs to liquidate or get a new mgmt team. I can’t see this trading at BV if these clowns are still running the show.