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There’s a good moneystuff on this, the sale was also stopped by the SEC even though it wasn’t really illegal (mostly just in poor taste). Hertz’s job in bankru
by fossuser 6y ago
There’s a good moneystuff on this, the sale was also stopped by the SEC even though it wasn’t really illegal (mostly just in poor taste).
Hertz’s job in bankruptcy is to try and pay creditors, if a bunch of dummies want to give you money even though you tell them you’re bankrupt and their investment will likely be worth nothing then how is that Hertz’s fault? Arguably Hertz even has a responsibility to sell shares if they're able to raise money to pay creditors.
The dummies are speculatively buying swings, or more likely just seeing the stock advertised as high traffic in Robinhood.