I see zero problems with Hertz being allowed to do that. You either forbid stock markets, or you let people sell what other people want to buy. But in the hind

I see zero problems with Hertz being allowed to do that. You either forbid stock markets, or you let people sell what other people want to buy. But in the hindsight, I don't really understand why Hertz wanted to do that. It's obviously good for bankruptcy court, that's clear. It might be good for WSB, for some independent speculators. But what does Hertz as a company gain from that? How can it benefit any of decision-makers? They are going bankrupt anyway, whatever they raise is not their money anymore. Surely they didn't hope selling stock would save them from bankruptcy? So why even bother doing something so sketchy?