Posted on: June 12, 2020 Posted by: Darren Belgrave Comments: 0
Hertz Plans To Sell 1 Billion Worth of Potentially Worthless Shares

This should be a title from The Onion.

Just our of bankruptcy court, a judge is now allowing the failing car renter to offer 1 billion worth of shares on the market. The car rental company’s request was to increase its stock by almost 10 x. In short, Hertz Global wants in on that Fed money. Eventually, there are going to be countless retail investors holding a heft bag after this “bull run” rears its bullish head.

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