I don't know what it is. It's an investment, it carries risks with it. That said, if I were one of the Sandy Hook families, turning Infowars into a gun safety site would hold more value than any money you could pay me. Classic case of "maximising shareholder value" not being the same as "maximising revenue".

What that is realistically is irrelevant to the value to the bankruptcy estate - the value to the estate is the amount of debt those creditors are willing to forgive in return for those risks.