“The Most Absurd Moment In The History Of Capital Markets”: Hertz Plans To Sell Up To $1 Billion In New Bankrupt Stock | Zero Hedge
Update (0805ET): Just when you thought the idiocy couldn’t get any worse, it goes to ’11’. After announcing the opportunistic sale of newly bankrupt shares in Hertz, “investors” are bidding the rental car company’s stock up this morning, now back above $3.00 (up 50% this morning) and back above its pre-bankruptcy levels…