depends how the loans worked.
I was assuming his majority shares of X (ex Twitter) collateral.
And that that he could just go “yeah, go on, collect on your collateral, I don’t mind”, because it’s not worth anything anymore.
But admittedly I have no Idea how the contracts were drawn up, if this is possible and if his other money would be available to collect on.
How does that get him out of the loans?
The lenders lawyer arrives at the Twitter office:
depends how the loans worked.
I was assuming his majority shares of X (ex Twitter) collateral.
And that that he could just go “yeah, go on, collect on your collateral, I don’t mind”, because it’s not worth anything anymore.
But admittedly I have no Idea how the contracts were drawn up, if this is possible and if his other money would be available to collect on.