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Jonathan

05/27/2020 02:25

$Hertz Glo Hldg What do you guys think about long long long run? After the bankruptcy and the restructure... will the shares survive or will they be reissued under a completely different ticker?
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All Comments(3)

Decent05/27/2020 02:55
Its hard to say. In most cases shareholders get the short end but its possible there will be an equity committee looking after our intrests. This is also a kind of wacky Bankruptcy because they are claiming to have almost a billion dollars in assets over liabilities and could end up in okay shape when phase 2 goes live and income starts flowing. Ive read a lot and know enough to comfortably say its a total gamble. Most people will tell you companies come out of bankruptcy stronger the problem is they dont have incentive to take us along for the ride. I have my fingers crossed and wIll be making a large purchase(for me) to avg down tomorrow of a few thousand shares. Overall im thinking that bankruptcy was a stalling tactic and will end in a quick negotiation or bailout.

Jonathan05/27/2020 03:10

Totally agree. I know they'll come out of this a lean mean machine, and probably an even more profitable company than they were. They hired FTI Con. to get them on track. My main concern is they do an old switcheroo and go HTZ1 or HTZQ. Where HTZ as the stock would no longer exist.

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Gnuswillbe$3205/27/2020 02:49
what do you think? is our shares gone

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tai***com05/27/2020 02:37
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