[teambayleaf]

Except those buying HTZ are not quite "buy and hold" people?

I assume most of them are just doing gambling. They are fully aware that HTZ is going to be worthless in near future, but they buy the share anyway because they believe they can sell it off to someone else before the last minute.

A funny thing is that if Hartz indeed issies new shares, it makes the game a lot less favorable for those gamblers...

[qeternity]

There are A LOT of buy-and-hold types in Hertz. They are still gamblers, but their time horizon is long and they are influenced by the low share price. I have a few smart, well educated friends who fall into this category.

[o-__-o]

The average Silicon Valley-Er makes $150k/yr. putting $1k into 2021 LEAP options could be worth $30k if the company makes it out of bankruptcy. I’ll turn off my servers for a month and YOLO them odds

[squeaky-clean]

And putting 5 dollars into a lottery ticket could turn into 40 million.

[fluffything]

> A funny thing is that if Hartz indeed issies new shares, it makes the game a lot less favorable for those gamblers...

These gamblers are irrational. They might double down, or manage to find new gamblers, or sell before this even happens. Nobody knows what will happen, and it doesn't really matter.