Hertz, the original meme stock, is turning out to be worthless
Hol' up.While in bankruptcy, some fools ran up the price of Hertz stock.  Then, while the price was up in the middle of bankruptcy proceedings, Hertz sold some new shares to the same fools.  The final result of the bankruptcy wiped out all of the shareholders.While the buyers were obviously fools, Hertz should have known that zero shareholder value was a likely outcome.  How was selling more stock in that situation legal?  I see that the sale was quickly shut down... but it shouldn't have happened in the first place.