Yeah, a lot of companies that enter bankruptcy end up with wiped shareholders and new owners in the shape of it's creditors. It's not really news.
Then if some idiots think it's not the case, and there is value, let them bet if they so want, they obviously know better than Hertz. Hertz only decided to issue shares when their share price went over the roof, driven by those same speculators.
As long as things are correctly disclosed ("our stock is worthless, but buy it if you want"), caveat emptor.
Then if some idiots think it's not the case, and there is value, let them bet if they so want, they obviously know better than Hertz. Hertz only decided to issue shares when their share price went over the roof, driven by those same speculators.
As long as things are correctly disclosed ("our stock is worthless, but buy it if you want"), caveat emptor.