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Bankrupt Hertz granted approval to sell up to $1 billion in shares https://t.co/X1d6OWnzox pic.twitter.com/tq8l1ISE65
— Phil LeBeau (@Lebeaucarnews) June 12, 2020
レナウンも⁉️もしかして
— コラットにゃんにゃん? (@Gold_invester) June 12, 2020
Hertz granted approval to sell up to $1 billion in shares https://t.co/4365HE1J4H
まじかアホすぎんか？
— くまいろ (@kumairoiro) June 12, 2020
ローンホルダー大勝利の展開？
Hertz granted approval to sell up to $1 billion in shares https://t.co/LYmnBjY7tf
irrational exuberance:)) RThttps://t.co/c5bOxEKUGd
— RVAIDYA2000 (@rvaidya2000) June 13, 2020
I guess this newsletter is trying to catch whatever the opposite of a falling knife is. https://t.co/BACs9RZKKh
— Matt Levine (@matt_levine) June 12, 2020
'Hertz will raise a billion dollars from Robinhood, hand the money directly to its creditors, and tell its new shareholders “all your money vanished immediately, sorry, better luck next time.” Imagine writing the prospectus for this offering.' https://t.co/q7NZ7Yfrab
— Jesse Felder (@jessefelder) June 13, 2020
This $HTZ deal has me thinking about 9/11 https://t.co/zMCO4gFTqb
— Max Keiser (@realmaxkeiser) June 13, 2020
Someone please give @matt_levine the Pulitzer, this Hertz bankruptcy column is an all-timer https://t.co/QGZQhUqmUc pic.twitter.com/gRZCgtGhwk
— Casey Newton (@CaseyNewton) June 12, 2020
Classic @matt_levine: Hertz tried to raise money to get it through the tough times, but it couldn’t, so it filed for bankruptcy. And then a miracle happened? Then it turned out people really do want to give $HTZ a lot of money, for free. via @bopinion? https://t.co/W4casNAZ7S
— Beth Williams Liou (@BWilliLiou) June 12, 2020
This is just generally a very good and funny column.
— Ben Collins (@oneunderscore__) June 12, 2020
As I got older, I assumed the stock market would reveal itself as something other than a game for rich people and more like a responsible adult thing I had to learn. This was hilariously incorrect.https://t.co/91H3qhrlFK pic.twitter.com/Dj4uk4VVOq
Thank you, @matt_levine, for writing up the Hertz bankruptcy fiasco.
— Ben Collins (@oneunderscore__) June 12, 2020
"This theory is that the stock market is a fun casino, and you should buy stocks because they will go up and down in exciting fashion."https://t.co/91H3qhrlFK
This Hertz trading is insane and hilarious and sad all at the same time https://t.co/aCwtL7zwqe pic.twitter.com/qb2Qv1u1Ie
— Alex Fitzpatrick (@AlexJamesFitz) June 13, 2020
As he does with all tricky, sometimes surreal, financial topics @matt_levine decomposes the $HTZ saga into exactly what it is.
— Drew Dickson (@AlbertBridgeCap) June 12, 2020
I also wonder if it is isn't merely retail investors driving the bus, but trend-following machine flows too.https://t.co/rbMy8Ns1iW
파산한 Hertz의 주식을 도박처럼 즐기는 로빈후드 사용자들 덕분에 6월달에 주가가 3배나 상승. 파산했고 상장폐지 통보까지 받은 종목인데 저러다 손해보는 건 전혀 안타깝지않다. https://t.co/lvDwfDTW5C
— 사이버 요정 성치 (@sungchi) June 13, 2020
Not sure who is the bigger as*hole here. Is it $HTZ for having the balls to sell worthless stock to people... or Jefferies - who wants to collect the fees for selling this worthless stock to its clients. https://t.co/FayDcPO8Ee
— Frank Curzio (@FrankCurzio) June 12, 2020
$HTZ Bankrupt Hertz wants to sell up to $1B in new shares after stock spikes https://t.co/ZS4vCF7xuv
— cybercash28 (@MadMraket) June 12, 2020
The shares would have to sell for more than $4 each for Hertz to hit $1 billion.
Tired: Diluting equity should make the stock price go down. The stock shouldn't surge.
— Ryan Hassett (socially distant) (@ryan_hassett) June 12, 2020
Wired: Shares in a bankrupt company already have no expected residual value. There's no reason the stock shouldn't surge because there's no reason to any of this. https://t.co/3REwklX8sd
Hertz shares surge on plan to sell $1 billion in stock that could get wiped out in bankruptcy https://t.co/zA4igXBX9U pic.twitter.com/V1A3fGu6pJ
— Phil LeBeau (@Lebeaucarnews) June 12, 2020
Unheard Of
— Ritholtz Wealth (@RitholtzWealth) June 12, 2020
"Can an army of retail know-nothing pajama traders save a corporation through deliberate indifference to reality?"https://t.co/DyGr1mnxwm
by @ReformedBroker pic.twitter.com/hZxAc8ZKOn
Why bankrupt Hertz stock may be the 'definitive story of this market moment.' ? - @reformedbroker https://t.co/AQMivDvJJb
— The Compound (@TheCompoundNews) June 12, 2020
'Hertz will raise a billion dollars from Robinhood, hand the money directly to its creditors, and tell its new shareholders “all your money vanished immediately, sorry, better luck next time.”
— Gold Telegraph ✪ (@GoldTelegraph_) June 13, 2020
ht @jessefelderhttps://t.co/B2VuTImy5r
The crazier the markets, the better the @matt_levine newsletters. https://t.co/vkrYoazfII
— Ced (@ejames_c) June 14, 2020
My favourite bit, the part where I actually laughed out loud: pic.twitter.com/6KTMHPa23Y
$HTZ is Bankrupt. They are the first company in history to sell shares while bankrupt. Pure Unadulterated Insanity.
— joèl b (@jmb063) June 13, 2020
?♀️?♂️?#CounterpartyRisk #EndTheFed https://t.co/GcKTOmE318 https://t.co/3AvKdMTyIS