Not exactly, it's way more interesting than that (to me anyway)... Hertz actually did sell new shares into the price spike. They went to the bankruptcy judge a

Not exactly, it's way more interesting than that (to me anyway)... Hertz actually did sell new shares into the price spike. They went to the bankruptcy judge and got permission to sell new shares to help pay off the creditors. Shortly after they started selling the SEC essentially said "lol no" and told them to stop.