Bass is expecting a restatement, but UDF hasn’t filed anything stating that its prior financials can’t be relied on (which I think it’d have to do if it was in the process of restating old financials).
Bass says “headed for bankruptcy” but that doesn’t seem likely since debt is under $10 million and there are basically no other liabilities.
It seems this has gotten (or always has been) personal between Bass and Greenlaw.
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