Hertz granted approval to sell up to $1 billion in shares

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Hertz was granted approval Friday by the U.S. Bankruptcy Court for the District of Delaware to sell up to $1 billion in shares of the bankrupt car rental company.

Signage for Hertz Global Holdings Inc. stands at a rental location in Berkeley, California, U.S., on Tuesday, May 5, 2020.was granted approval Friday by the U.S. Bankruptcy Court for the District of Delaware to sell up to $1 billion in shares of the bankrupt car rental company.

 

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🤮

What's Ican going to do now after he sold his stake when it was below a buck

Should have closed hertz doors. The reopen/ipo a new car company call Herts.

What a scam

Whattttt!!!!......

why they don’t issue bond instead of stocks if they are serious of their business model? That’s the reason some companies need to die. Because they want to use the stock money to buy villas instead of saving the company

ThinkTankCharts Chorros

Lol 😆 gotta make cash somehow. Anyone holding this investment should be long gone right now. Shit went from $20 to 30 cents. Those currently buying it are traders taking advantage of the volatility that’s it.

That’s the best! Fucking lol

How can they get approval

Biggest short sale in history coming soon

Lmao- can’t make this garbage up- it is like the Dummycrats giving the rioters who destroy businesses a pass! GARBAGE IN, Garbage OUT 💩

what is that means for shareholders?

ThinkTankCharts HIGHWAY ROBBERY

Demand and supply.

How?!

WTF

Bloomberg reported it more accurately.

Lol if my company was going tits up and people were buying up my shares, I'd issue as much as I possibly could.

Y tho?

not my money

Amaze balls.

Translation: Lots of dumb people out there to buy them

A sucker is born everyday

😂...😀...😳...🙆🏻‍♂️...🤦🏻‍♂️

Market manipulation?

FED flooded the market with so much money. People don't know what to do with all the cash.

jimcramer , what does this mean?

Who cares? they wouldn't rent me a car because I had a speeding ticket two and a half years before I wanted to rent the car. Strolled over to the Budget kiosk and drove away and never looked back. I have been a customer of theirs ever since.

Yes!!! This should make it easier for my crowd offering to raise millions. Anyone want to buy shares in my cat sweater business?

No one wants to drive a car that could be a virus. Nest

What was promised in the Bible has finally arrived Follow this

Maybe they’ll kill Uber finally

What a time to be alive

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Bankrupt Hertz Wants to Sell Up to $1 Billion in New SharesRental-car company Hertz Global Holdings wants to capitalize on the rally in its stock seen earlier this week by selling up to $1 billion in shares, despite a bankruptcy that threatens to wipe them out. oversubscribed no doubt🤪 OttButcher Only in America! I recall General Motors has been declared bankrupt several times. American company names never dies, but the ignorant investors does. This is an immoral capitalist sham and scam.
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Hertz stock price soars 68% on plan to sell $1 billion in new shares - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. This is retarded. Lol like I have no words to describe this stupidity BREAKING WHO says coronavirus situation 'worsening' worldwide COVID19.,
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Hertz is looking to raise $1 billion in a share sale to capitalise on its almost 1000% market rally in the days since filing for bankruptcy | Markets InsiderHertz is looking to raise $1 billion in a share sale after its bankruptcy, the Wall Street Journal reported Thursday. The car rental company is ... Nuts!
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