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kleinbl00 · 1471 days ago · link · · parent · post: WeWork Skips Some Rent Payments as Coronavirus Undermines Revenue
Yeah - but what I'm saying is liquidating WeWork is going to be a grindingly unsatisfying exercise. Even their S1 lists $27b in assets and $24b in liabilities and that doesn't include their $47b in leases due. They go Tango Uniform and there's $47b in leases looking for $3b in remedy of which the big stuff has already been sold off. The fact that their core is well-protected is fundamentally irrelevant if their bank vault is empty anyway.