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Honestly, Hertz selling stock didn't seem that crazy to me. "We need more money, or we're going under." They're basically asking for new investors to make the
by linuxftw 6y ago
Honestly, Hertz selling stock didn't seem that crazy to me. "We need more money, or we're going under." They're basically asking for new investors to make the business solvent. How is this any different than a startup asking for more investors prior to closing shop?
Frankly, not unreasonable either. The entire travel industry was destroyed overnight, so it's entirely possible they could emerge from insolvency with an infusion of capital and be just fine. I'm not putting my money on it, but it's not the most outlandish thing I've heard either.