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Phaedrus77

07/23/20 7:54 AM

#793 RE: Enterprising Investor #792

Absolutely pathetic.

Mgmt continues to take no responsibility for the situation the company is in. Bass wasn’t responsible for hard-workin’ Holly’s SEC settlement, the fudged loan docs for Buffington, the intercompany loans, etc.

It’s been nearly 5 f@*!ing years with not only no financials, but also no updates save for the debt level.

Why not put out a release giving gross loan balances and their status (accrual, non-accrual)? Why not let us know the level of realized losses on loans sold? How about a cash balance? How about the amount of loans that have been repaid?

The only thing we can be sure of is that Holly is working hard.

Jh5142

07/23/20 7:55 AM

#794 RE: Enterprising Investor #792

It looks like they classified the board and figured out a way to make Nexpoint a non-qualified shareholder- Which means they took away Nexpoint's voting rights. If I read it correctly.

Both are entrenchment strategies.



Jh5142

07/28/20 10:29 AM

#798 RE: Enterprising Investor #792

Lots of new discovery posted on the UDF website.

Hayman seems to have not factored in the value of the reimbursements collateral. They are substantial.

Land Advisors made them aware of the substantial value.