Hertz was in bankruptcy because it couldnt pay its debts, a capital injection might have raised enough cash to pay off its debts and exit the bankruptcy proceedings.
They disclosed the low likelyhood of such a thing happening but its not the law or the SECs job to make everyone take wise financial decisions.
Hertz was in bankruptcy because it couldnt pay its debts, a capital injection might have raised enough cash to pay off its debts and exit the bankruptcy proceedings.
They disclosed the low likelyhood of such a thing happening but its not the law or the SECs job to make everyone take wise financial decisions.