Considering he had virtually no revenue generated. Almost all of it most likely went to legal fees ((not cheap)), his salary, his staff's salary, and an array of other stuff.
Also has to keep additional revenue because as he stated in the paper, "This could continue all of next year too." <-- not actual quote, rough summary.
This means that if he just yolos it into another big risk instead of holding it for daily/monthly expense he would go completely bankrupt within a month or two. That's how businesses work lol. They work on very thin margins, and even thinner when you're making almost no money and there's no foreseeable end to Covid.
Bruce himself makes anywhere from 1-10% from the total money generated. The rest is pure expenses. Looking at what happened . . . what he usually makes was absolutely destroyed and his expenses went under. If he took a pay check it wasn't a very big one, and he definitely lost money in legal fees, etc with the merger. So, I imagine the rest went to making sure he doesn't go out of business by April ((The rough time line I expect Hestia to pick up the pieces.))
This is just my opinion, so don't take it as literal fact. However, this is the exact play I would make if I were in his situation, and I and several other business owners were/are in his position all of last year and this year.
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