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Monday, August 07, 2006

Udachu Now Completely Private

Both Udachu Fund and Udachu Invest have recently closed their doors to further applications and are now both completely private operations. This privatisation came as a shock to most with little to no notice from the Udachu administration and meant that a number of boarder-line investors subsequently missed out on the opportunity.

Seemingly in accordance with the nature of this Udachu operation, the reason for this sudden privatisation is not well known. It may be due to managerial problems, it may be that the administration , who knows? Again, it is something that we can only speculate about.

Some suggest that the enterprise's going private may be indicative of the operations legitimacy in some way, however, I still see Udachu as some what ambiguous. It remains a shot in the dark.

If you were someone who was interested in joining and missed out on opening an account before the operations went private, don't worry about it too much. There are programs with much more potential and transparency still open. Udachu, as it stood, was not a first or best option by any means.