Hertz to the moon, best comeback ever on the way. Just kidding, actually the current people buying are just bailing out the bond holders. That’s why they wanted to issue another 1 billion in shares. I’m not sure if the people buying know that in bankruptcy the bond holders get paid first and from what I can see in Hertz case there likely won’t be anything left for the shareholders.
I even said in the post that the people buying unless they sell first will lose their money to bond holders