Thread regarding Hertz layoffs

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long 10k filed friday.
can someone with more brain and expertise please explain what is our “material weakness in financial controls?” around page 1105 of the pdf document. have the auditors concluded we are cheating on the numbers reporting?
my favorite was reading all the pages and pages of risk thinking why do we still bother? just shut us down. internally hertzstrong bs, externally close to ch7. good luck satisfying 7.7b in 2021 obligations (page 90) with 5.3b revenue (page 70) and no change to covid. even with 1.1b in cash and upcoming donlen sale, it doesn’t add up. start thinking what to put on the tomb stone. “not even bruce willis could save us.”

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Post ID: @OP+19DRsYKy

3 replies (most recent on top)

There is so much manipulation of numbers and accounts anyone can make the numbers look good.

Post ID: @1ipv+19DRsYKy

We are known to learn from our mistakes.
It couldn't happen again...right?
Ha ha ha

Post ID: @swf+19DRsYKy

Cheating on our numbers? We would never cheat on our numbers. Impossible. Oh wait, yeah, didn't we get caught doing that for 3 years when Hairspray was running things?

Post ID: @wtl+19DRsYKy

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