💥Hertz Drops Predictable Bomb on Shareholders💥

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Yesterday The Hertz Corporation ($HTZGQ) filed its chapter 11 plan of reorganization and disclosure statement and — ⚡️SHOCKER⚡️— all of the value sits at the senior parts of the capital structure. The proposed plan implies a total enterprise value of approximately $4.846b. Here’s what the proposed recoveries will look like:

• The $1.27b of first lien claim…