Hertz Global Holdings Inc (HTZ)

[Euripides90]

Woo-hoo!Knew it, "too-big-too-important-to-fail:"As Bloomberg reports, Judge Mary Walrath ruled that Hertz can go ahead with the offering, which we reported last night, could take in as much as $1 billion according to underwriter Jefferies.Wait til news hits the street! All the sour grapes/ failed shorts can cry.

Judge OKs stock sale for bankrupt Hertz: report
4:33 pm ET June 12, 2020 (MarketWatch)
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A bankruptcy court is allowing Hertz Global Holdings Inc. (HTZ) to sell new stock in public markets, according to a report in The Wall Street Journal late Friday. Hertz, which filed for bankruptcy May 22, asked the courts this week to be allowed to sell up to $1 billion in equity amid a rally for its shares despite the bankruptcy filing and a notice of delisting from the New York Stock Exchange this week. Shares of Hertz fell more than 14% in the extended session Friday after rising more than 37% in the regular trading day and jumping more than 180% so far this month. The plan to sell stocks has been likened to gambling and described as a "head scratcher" (www.marketwatch.com/story/hertz-seeks-bankruptcy-court-approval-to-offer-1-billion-in-stock-but-experts-expect-equity-to-be-wiped-out-2020-06-12) by seasoned investors and analysts.

-Claudia Assis; 415-439-6400; [e-mail]

Bottom feeders getting in for huge flips on Monday!

THE EXTRA SHARES WILL NOT HIT ON MONDAY, IT'LL TAKE A WHILE TO GET REGISTERED AND APPROVED, this means cash infusion.