Replies to post #1444 on United Development Funding IV fka UDFI

[Phaedrus77]

It’s even worse than that. The distributions in 2021 were all “return of capital,” which means UDF lost money last year.

Of course, we have no idea how much money was paid to attorneys last year…although the criminal proceedings didn’t kick into high gear until this year.

I find it funny that they are touting the new CEO’s capabilities. He’s been an exec since 2016. Shareholders have been treated like absolute garbage during his time with the company. So, either he agreed with the way we were treated, or he remained in a job for 6+ years while his input was ignored.

[Phantom Phlyer]

If we end up with less than the NexPoint offer, I'm gonna feel very foolish (even more foolish than I already do) about this "investment".