View full page at cryptocraft.com

 

Hertz sold $29 million in stock despite SEC questions

From cnn.com

Hertz did raise millions of dollars through stock sales after its bankruptcy filing, after all. The cash-strapped car rental company had said it would stop the stock sale after the Securities and Exchange Commission had raised questions about the deal. But apparently it did sell some shares before the SEC took action. It's been quite a back-and-forth deal. When Hertz filed for bankruptcy in May, its stock value was set to be wiped out even though the company hopes to stay in business. But investors -- primarily day traders -- drove up the value of the stock more than 1,000% in the weeks that followed. That led Hertz ... (full story)

Story Stats

  • Posted:
  • Category: Entertainment News