Comment Trying to understand (Score 1) 14
So the current owners of Wework are upset at this as its causing problems trying to get rid of bad lease agreements? It sounds like they don't really want to be sold, but to emerge from bankruptcy without bad leases that were probably signed pre covid. They might be able to get back into those same buildings at a much lower rate. But if they have bidders trying to buy them now with the bad leases, that shows the lease holders that others think they can come out of bankruptcy even with these leases? So are they upset because they want to reject the bid and emerge as is whiteout the bad leases? Or because they know the bid is unrealistic and won't succeed, but make bargaining more difficult? Or do they really not want the company sold for a such a low sum?