Replies to post #1739 on Hertz Global Holdings Inc (HTZ)

[Windsortrader519]

But common stock holders only get there piece of the company after the bond/debt holders get 100 cents on the dollar.

So if all senior assets. (Bonds, Sr bonds , prefered shares ect.) Do not get 100 cents on the dollar , the common gets wiped out


If the value of the debt is greater than the market cap of the company common equity holders who are last in line will get wiped out by default.

Maybe prefered shares would be able to get a few cents on the dollar

All the common equity in the company is worth depending on the day 350m -1b

The value of the net debt is 17b. Common equity is likely going to come out of this.

Who knows tho.

[deekshant]

Is SEC in trouble.

Guess what will happen if it is found that shares exceed more than possibly available. imo, SEC would be in trouble.

I don't expect the price to rise if one is wanting to opt-in for the given scenario because he keeps the purchase price down. Things change when he is done buying :) Not much maneuvering possible with limited shares