Replies to post #819 on United Development Funding IV fka UDFI

[ofirm]

look at what happened to the former auditors. you think anyone else
wants to go that route? what you do not know is the conditions
before they paid their debts. how much should have been recognized
as potential loss provisions (even if reversed later) and those
things have huge implications on the financial conditions. what
were supposed to be the disclosures etc.? its not rocket science,
but its safe to assume that much ammunition would have been
provided to mr Bass if a proper annual would have been done.