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But they are doing an equity offering? Got it.

• camjohnson26 6y ago
  Their shares irrationally have value on the market, issuing equity allows them to pay off more of their debts. Why shouldn’t they issue, it’s the company’s job to release accurate information, not to force the buyers to make wise decisions. If someone offers you millions of dollars for your totaled car you’d be a fool not to take it, this is no different. Hertz management must be loving this.
  • pbreit 6y ago
    If the company knows stock purchasers are making a bad decision it would be obvious negligence.
    • pmiller2 6y ago
      Only if they don't disclose the serious risks involved, which they do, right up front in the very first few sentences of the filing.
    • RobRivera 6y ago
      no, every broker has a lovely warning about the nature of sec regulations and financial instruments risk of losing value. Negligence is in the investors lack of due diligence. Its why publicly traded companies must publish financials and why cooking the books is illegal and fraudulent