Cabal=right:they saw it go against them and the-cabal.SEC=trying to save Hedge Funds it works for (let's make it clear, they do NOT work for the Little Guy who always loses ev/thing in a halt, there's never any restitution) - the hedge funds and their controlled MSNBC, Bloomgberg News and other financial media were panicking and pushing-pushing-pushing the SEC b/c they've bet HUGELY on taking this down but the market wasn't having it. Scumbags all.
Re: question, next post: True, if the float is already 40% short, that has to fill but then the SEC is only ensuring a fast flip, trying to hurt the company - there's no assurance that those purchasing aren't buying into the history of "the name" in car rentals. The judge who granted them the right to sell believed there was merit to letting them try - there were clear and huge disclaimers about the potential value or lack thereof of the stock.
The SEC should stop pretending they're protecting "naive shareholders." They're sleazy as they come.
I'd like to see Hertz's full argument now.
News 
Market Data 
Discover 
