Replies to post #1680 on United Development Funding IV fka UDFI

[Phaedrus77]

They may "take time", but I think 8 years is a little much.

This isn't that complex of a business...they only have 39 loans for crying out loud.

According to the latest shareholder letter, they amended the Centurion loans effective 12/31/20 and retroactive to 1/1/17....so they should have agreed on the loan balances at the end of 2020.

Funny enough, Hollis' last letter to the shareholders was in August 2021 and he didn't mention the loan modification. I guess he had to mislead shareholders one last time before he was hauled off to prison.

[Phaedrus77]

"overly complex nature of the business"

Is that code for ponzi scheme? :)