Who says innovation is dead 🇺🇸🇺🇸🇺🇸 
Thai Gaon, a 23-year-old salesman bought 35,000 Hertz shares on June 4 at $1.43, spending a little over $50,000
“It was my entire life savings,” he said. “I decided, you know, if I’m gonna do it, I should do it big, and I’ll make a play and see what comes out of it.”
“It was my entire life savings,” he said. “I decided, you know, if I’m gonna do it, I should do it big, and I’ll make a play and see what comes out of it.”
I didn’t want to make a fuss about that article because it was like a carnival sideshow, easy to gawk at but a sideshow. $1B is a lot of life savings tho and this really shouldn’t be allowed to happen.
$3B in bonds trading at .40. Raise $1B in equity.
“Why did car-rental company Hertz Global Holdings Inc. file for bankruptcy.: the simple immediate answer is Hertz had basically taken out a margin loan against its cars, the coronavirus crushed the value of those cars, its lenders issued a margin call”
🤷♂️
