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Anyone care to offer their expectations as to where LUCKIN share price will be by end of week, personally I believe it will finally be at or above $18.00.
All thoughts provided by you seem reasonable, I surmise by the trading in LUCKIN, those in the inner circle want the Price much Higher before relisting should that happen. I don't believe it would be unreasonable to think a Price somewhere between $35-$40 would Not be in the ballpark if relisting does occur.
My thoughts are in my post. Recap: The uplist is the major catalyst. It will be an IPO like event that will create significant upside based on recent fundamentals and year over year growth. Institutions will lock up shares and create price stability at a much higher level revealing a proper valuation. My educated guess would be 5/6X current revs. You can do the math. Wild cards… China/SEC auditing FUD Centurium’s hold on majority shares create some concerns given their leverage.
All you need to understand is the true valuation of the company given recent financials. 2.5x current sp seems reasonable today, which yields a 10 billion dollar valuation. That is 5x current rev’s, again reasonable given their growth rate. Peer comps will guide you.
However, China FUD will play a part in real upside potential until it’s no longer a CNBC headline. The OTC playground we trade in will hold this down and will manipulate the sp until we relist. So the true valuation argument will not hold water until we relist and SEC/China regulatory FUD resolves. Centurium’s majority share hold creates some concern and uncertainty as well.
Relist will bring tutes and an IPO type surge. Tutes will lock down shares and stabilize the sp at a much higher level. Fundamentals will then create the trading range, along with continuing growth expectations and forward-looking global expansion.
Comp: SBUX Stagnant to negative growth, retracement in China, store count decreasing, bottom line shrinking. COG’s and unionized employees wreaking havoc on profit, 24 P/E, $100B MC. No room to grow.
Luckin, incredible tech savvy growth model, expanding store count & revenues, growing bottom line, no debt, profitable, $4B MC which is ridiculous. Catalysts galore….Relist, China FUD dissolves, COVID China lockdowns dissipate and reveal real rev potential, constantly increasing store count, global expansion vision, internally sourced and controlled COG’s, sustainable labor. All things needed in order to help maintain and grow margins.
Do the math. Clearly some risks remain, but the reward could be 10x in the not to distant future. Comparing the current state of this company to it’s notoriously ill-fated Fat Lu version that ran to $50 IPO, would be like comparing Hertz to Avis/Budget. This is the new Luckin. She is severely undervalued given some headwinds. If and when those headwinds resolve, this is a $40-50 stock with ease.
At the moment Luckin is on an accelerated pase to hit $20.00 shortly, I suspect sometime next month this target should be met.[ Long term $50.00 is manageable, no doubt worth the wait in my opinion./b]
Delivery is big percentage of revenue, so not they want to cut, but those operate companies might be, because their profit from coffee payers is relatively minimum.
Oversea massage says even though Covid locked down, people still drinking Luckin coffee every day, because its nice taste and its cheaper price advantage compare to Starbucks , so long term could be $65 !
That seems like a smart move, it appears highly probable that Luckin still has plenty of upside to go, so why NOT be buying more now than later. However, today may NOT be that day, market looking terrible, perhaps later in week as I suspect Luckin returns to the $15.00 area soon.
I have no doubt that the $20.00 Mark is just a week or 2 away, there could always be a pullback but that will only give Luckin even more upside momentum. Next week could be very exciting I believe, can we get to $18.00.
Luckin Coffee Announces Full Redemption of Offshore Debt Securities
Fri, August 26, 2022 at 5:30 AM
Redemption Further Optimizes Luckin Coffee’s Capital Structure
Company Maintains Strong Liquidity Position
BEIJING, Aug. 26, 2022 (GLOBE NEWSWIRE) -- Luckin Coffee Inc. (“Luckin Coffee” or the “Company”) (OTC: LKNCY) today announced the redemption in full of its US$109.9 million of 9.00% Series B Senior Secured Notes due 2027 (the “New Notes”). The New Notes represent the Company’s only offshore debt securities and the redemption marks an important step to further optimize the Company’s capital structure.
The aggregate redemption price of the New Notes is US$110.6 million, which constitutes the aggregate principal amount outstanding plus the aggregate accrued interest. The aggregate redemption price is paid from the Company’s available offshore cash balance and the Company’s liquidity position remains strong.
With the full redemption of the New Notes, the role of the scheme supervisors under the previously announced Restructuring Support Agreement was terminated. Alexander Lawson of Alvarez & Marsal Cayman Islands Limited and Wing Sze Tiffany Wong of Alvarez & Marsal Asia Limited had served as the scheme supervisors and, prior to that, the joint provisional liquidators since July 15, 2020.
Everything coming to fruition, huge volume as expected and a comfortable close at day's end. Looking forward to see what tomorrow brings, I'm optimistic that LUCKIN can reach $16.50-$17.00 on huge volume again before its final push to $20.00.
BEIJING, Aug. 08, 2022 (GLOBE NEWSWIRE) -- Luckin Coffee Inc. (“Luckin Coffee” or the “Company”) (OTC: LKNCY) today announced the appointment of Ms. Jing An as its Chief Financial Officer, effective today. Ms. An brings more than 17 years of experience in corporate finance and management, with a specialization in technology companies. Ms. An succeeds Mr. Reinout Hendrik Schakel, who has served as the Company’s Chief Financial Officer and Chief Strategy Officer since January 2019. Mr. Schakel will continue to serve as the Company’s Chief Strategy Officer.
In his role as the Company’s Chief Strategy Officer, Mr. Schakel will principally focus on long-term strategic planning and the execution of Luckin Coffee’s capital markets strategy. Mr. Schakel will work closely with the senior management team to identify and execute growth opportunities and chart the future course for Luckin Coffee.
“As Chief Financial Officer and Chief Strategy Officer, Mr. Schakel has been instrumental in our recovery and the Board and I thank him for his invaluable contributions,” said Dr. Jinyi Guo, Chairman and Chief Executive Officer of Luckin Coffee. “From stepping in to restructure and reorganize our finance team and function to spearheading our successful financial restructuring, Mr. Schakel has played a critical role in positioning Luckin Coffee for sustainable growth and success. With our financial restructuring now substantially completed, this is the right time for Mr. Schakel to focus on his role as Chief Strategy Officer. We are at a pivotal point in Luckin Coffee’s growth story, and we are thrilled to continue benefitting from Mr. Schakel’s leadership and expertise and look forward to the value he will continue to generate for us and our stakeholders in his more focused role.”
Dr. Guo added, “We are delighted to welcome Ms. Jing An as our new Chief Financial Officer. Having a senior executive with Ms. An’s vast experiences and qualifications is a testament to the caliber of our finance team today. With her expertise leading finance functions and past experience helping technology companies grow, Ms. An will be a tremendous asset as we work to further strengthen our leading market position and capture the significant opportunities that lie ahead. Our Board and senior management team look forward to working closely with Ms. An as we continue to write the next chapter of the Luckin Coffee story.”
About Ms. Jing An
Prior to joining Luckin Coffee, Ms. An served as Chief Financial Officer of 58 Daojia Inc. from 2016 to 2022. Prior to joining 58 Daojia Inc., Ms. An worked at ChinaCache International Holdings Ltd. from 2013 to 2016, where her last position was Chief Financial Officer. Ms. An has also held senior corporate finance and management positions, including at Rekoo Media Ltd. from 2010 to 2012, Cooloft Technology Ltd. from 2007 to 2009 and eFriendsNet Entertainment Ltd. from 2003 to 2006. Ms. An began her professional career at PricewaterhouseCoopers in Beijing in 1998, where her last position was Senior Accountant. Ms. An received a Master of Science degree in management from the Stanford Graduate School of Business in 2010 and a Bachelor’s Degree in economics with a major in accounting from Renmin University of China in 1998.
About Mr. Reinout Hendrik Schakel
Since joining Luckin Coffee in January 2019, Mr. Schakel has served in the dual roles of Chief Financial Officer and Chief Strategy Officer. Prior to joining Luckin Coffee, Mr. Schakel worked at the corporate and institutional banking division of Standard Chartered Bank as an Executive Director from 2016 to 2018. From 2008 to 2016, Mr. Schakel served successively as an Analyst, Associate and Vice President for the investment banking division of Credit Suisse. From 2006 to 2008, Mr. Schakel worked at PricewaterhouseCoopers in the Advisory division as an analyst. Mr. Schakel obtained a Master of Business Administration degree from Erasmus University in 2005.
Luckin Coffee Inc. Announces Second Quarter 2022 Financial Results
Mon, August 8, 2022 at 4:00 AM
Second Quarter Net Revenues Increased 72%; 615 Net New Store Openings
Continued Improvement in Profitability Profile
Sustainable Development Committee Formed to Advise on ESG Initiatives, Policies and Disclosures
BEIJING, Aug. 08, 2022 (GLOBE NEWSWIRE) -- Luckin Coffee Inc. (“Luckin Coffee” or the “Company”) (OTC: LKNCY) today announced its unaudited financial results for the three months ended June 30, 2022.
SECOND QUARTER 2022 HIGHLIGHTS1
Total net revenues in the second quarter were RMB3,298.7 million (US$493.2 million), representing an increase of 72.4% from RMB1,913.7 million in the same quarter of 2021.
Net new store openings in the second quarter was 615, resulting in a quarter-over-quarter store unit growth of 9.3% from the number of stores at the end of the first quarter of 2022, ending the second quarter with 7,195 stores which include 4,968 self-operated stores and 2,227 partnership stores.
Average monthly transacting customers in the second quarter were 20.7 million, representing an increase of 68.6% from 12.3 million in the same quarter of 2021.
Revenues from self-operated stores in the second quarter were RMB2,331.1 million (US$348.6 million), representing an increase of 52.4% from RMB1,529.3 million in the same quarter of 2021.
Same-store sales growth for self-operated stores in the second quarter was 41.2%, compared to 71.8% in the same quarter of 2021.
Store level operating profit – self-operated stores in the second quarter was RMB712.2 million (US$106.5 million) with store level operating profit margin of 30.6%, compared to RMB353.2 million with store level operating profit margin of 23.1% in the same quarter of 2021.
Revenues from partnership stores in the second quarter were RMB777.5 million (US$116.3 million), representing an increase of 178.4% from RMB279.3 million in the same quarter of 2021.
GAAP operating income in the second quarter was RMB241.6 million (US$36.1 million), representing a GAAP operating income margin of 7.3%, compared to a GAAP operating loss of RMB47.5 million in the same quarter of 2021. Non-GAAP operating income in the second quarter, which adjusts for share-based compensation expenses, was RMB342.6 million (US$51.2 million), representing a non-GAAP operating income margin of 10.4%, compared to RMB23.5 million, or a non-GAAP operating income margin of 1.2% in the same quarter of 2021, which represents a significant improvement of operating results.
COMPANY STATEMENT
“We are proud to announce that Luckin Coffee delivered another quarter of outstanding financial and operational results despite continued pandemic-related headwinds,” said Dr. Jinyi Guo, Chairman and Chief Executive Officer of Luckin Coffee. “We reported net revenues growth of over 70% compared to the same quarter last year, same-store sales growth for self-operated stores of over 40% and our partnership store revenues continued to increase as a percentage of total revenues. Furthermore, we successfully launched 34 new products during the second quarter and sold over 24 million cups of our “Coconut Cloud Latte” from its launch in April 2022 through the end of the second quarter.
Dr. Guo continued, “During the second quarter, we had 615 net new store openings and entered 11 new lower-tier cities through our partnership stores and three new lower-tier cities through our self-operated stores. We remain focused on achieving further market penetration through a combination of our self-operated stores and retail partnership models, which allow us to meet increasing customer demand in an agile and flexible manner. Our growing scale and operating leverage continues to drive improved returns, with a store level operating profit margin for self-operated stores of over 30% and a reported operating profit margin of over 7%.”
Dr. Guo concluded, “I am also pleased to announce that, after the successful completion of the restructuring of our financial indebtedness in the first quarter, we have made substantial progress on resolving outstanding U.S. securities litigations. We received final court approval for the federal class settlement and we also made substantial progress in resolving remaining opt-out litigations. This marks another important milestone for Luckin Coffee in resolving all of its historical issues. While we continue to foresee adverse effects of the pandemic on our business in the near-term, the Board and management team remain confident in our ability to capture growth opportunities in the China market and drive long-term value and sustainable growth for our shareholders.”
Established Sustainable Development Committee
To enhance the Company’s environmental, social and corporate governance (ESG) initiatives, the Board has established a Sustainable Development Committee, comprised of certain directors, executives and external experts, to advise the Board in fulfilling its oversight responsibilities with regard to sustainability matters. The Sustainable Development Committee is co-chaired by Mr. Weihao (Michael) Chen and Dr. Jinyi Guo, who will be responsible for developing and implementing sustainability related initiatives, policies and disclosures. The Company plans to publish its first Corporate Governance Report in the fourth quarter of 2022, in an effort to provide stakeholders with greater transparency on its ESG-related efforts and progress.
“Operating sustainably is crucial to the long-term success of Luckin Coffee,” said Dr. Guo. “We are committed to ensuring that we operate in line with the best-in-class environmental, social and corporate governance standards and are looking forward to the publication of our Corporate Governance Report, which will give shareholders more visibility into this important priority.”
IMPACT OF COVID-19
The global economy, the Chinese markets and the Company’s business have been and continue to be adversely affected by the COVID-19 pandemic. As cases of the Omicron variant emerged in China and spread to several major cities at the end of 2021, many provinces and municipalities activated the highest response to this public health crisis.
Following the impact on daily store closures in the first quarter of 2022, the Company experienced around 900 daily store closures on average in April and May 2022. With the gradual lifting of COVID-19 pandemic related restrictions, the Company experienced around 152 daily store closures on average in June 2022 and around 96 daily store closures on average in July 2022. While the negative impact of the COVID-19 pandemic on the Company has lessened in the second quarter of 2022, the COVID-19 situation remains highly unpredictable.
The Company anticipates that its operations will continue to be negatively affected by pandemic-related market pressures for the foreseeable future. The extent of these impacts is difficult to predict given the uncertainties relating to the spread of the pandemic and its impacts on the local and national economies.
SECOND QUARTER 2022 FINANCIAL RESULTS
Total net revenues were RMB3,298.7 million (US$493.2 million) in the second quarter of 2022, representing an increase of 72.4% from RMB1,913.7 million in the same quarter of 2021. Net revenues growth was primarily driven by the increased number of products sold, the increase in store footprint, the increase in the number of monthly transacting customers and higher average selling price for the Company’s products.
Revenues from product sales were RMB2,521.2 million (US$377.0 million) in the second quarter of 2022, representing an increase of 54.3% from RMB1,634.5 million in the same quarter of 2021.
Net revenues from freshly brewed drinks were RMB2,256.8 million (US$337.5 million), representing 68.4% of total net revenues in the second quarter of 2022, compared to RMB1,455.6 million, or 76.1% of total net revenues, in the same quarter of 2021.
Net revenues from other products were RMB148.4 million (US$22.2 million), representing 4.5% of total net revenues in the second quarter of 2022, compared to RMB95.3 million, or 5.0% of total net revenues, in the same quarter of 2021.
Net revenues from others were RMB116.0 million (US$17.3 million), representing 3.5% of total net revenues in the second quarter of 2022, compared to RMB83.6 million, or 4.3% of total net revenues, in the same quarter of 2021.
Revenues from partnership stores were RMB777.5 million (US$116.3 million) in the second quarter of 2022, representing 23.6% of total net revenues, which is an increase of 178.4% compared to RMB279.3 million, or 14.6% of total net revenues, in the same quarter of 2021. For the second quarter of 2022, revenues from partnership stores included sales of materials of RMB500.3 million (US$74.7 million), profit sharing of RMB105.3 million (US$15.7 million), sales of equipment of RMB89.4 million (US$13.4 million), delivery service of RMB77.5 million (US$11.6 million) and other services of RMB5.0 million (US$0.8 million).
Total operating expenses were RMB3,057.1 million (US$457.1 million) in the second quarter of 2022, representing an increase of 55.9% from RMB1,961.3 million in the same quarter of 2021. The increase in total operating expenses was predominantly the result of the Company’s business expansion and a full impairment provided for Luckin Coffee Express machines of RMB221.8 million (US$33.2 million) due to historical underperformance and updated strategy and business projections for Luckin Coffee Express machines determined by the management in the second quarter of 2022. Meanwhile, operating expenses as a percentage of net revenues decreased to 92.7% in the second quarter of 2022 from 102.5% in the same quarter of 2021, due to increased economies of scale and the Company’s technology-driven operations.
Cost of materials were RMB1,261.9 million (US$188.7 million) in the second quarter of 2022, representing an increase of 66.0% from RMB760.3 million in the same quarter of 2021, generally in line with the increase in the number of products sold and the increase in sales of materials to partnership stores.
Store rental and other operating costs were RMB662.5 million (US$99.1 million) in the second quarter of 2022, representing an increase of 41.8% from RMB467.2 million in the same quarter of 2021, mainly due to the increase in labor costs, store rental as well as utilities and other store operating costs as a result of the increased number of stores and items sold in the second quarter of 2022. Store rental and other operating costs increased proportionately less than the revenues as a result of economies of scale.
Depreciation and amortization expenses were RMB97.2 million (US$14.5 million) in the second quarter of 2022, representing a decrease of 14.8% from RMB114.2 million in the same quarter of 2021, mainly due to the decrease in amortization of leasehold improvements for the stores whose leasehold improvements had been fully amortized before the second quarter of 2022, offset by the increase of depreciation expenses of additional equipment put into use in new stores in the second quarter of 2022. Furthermore, the overall depreciation of equipment increased by 6.3%, which was proportionately less than the increase in net revenues as a result of economies of scale.
Delivery expenses were RMB314.6 million (US$47.0 million) in the second quarter of 2022, representing an increase of 67.4% from RMB188.0 million in the same quarter of 2021, mainly due to the increase in the number of delivery orders.
Sales and marketing expenses were RMB129.0 million (US$19.3 million) in the second quarter of 2022, representing an increase of 61.4% from RMB79.9 million in the same quarter of 2021, mainly due to the increase in advertising expenses and commission fees paid to third-party delivery platforms in line with the increase in the number of delivery orders. Sales and marketing expenses amounted to 3.9% of net revenues in the second quarter of 2022, compared to 4.2% of net revenues in the same quarter of 2021.
General and administrative expenses were RMB341.6 million (US$51.1 million) in the second quarter of 2022, representing an increase of 19.1% from RMB286.7 million in the same quarter of 2021. The increase in general and administrative expenses was mainly driven by (i) the increase in share-based compensation due to more Restricted Share Units (“RSUs) issued to incentivize management and employees, (ii) the increase in payroll costs for headquarter staff and (iii) the increase in research and development expenses. General and administrative expenses amounted to 10.4% of net revenues in the second quarter of 2022, compared to 15.0% of net revenues in the same quarter of 2021.
Store preopening and other expenses were RMB7.8 million (US$1.2 million) in the second quarter of 2022, compared to RMB2.1 million in the same quarter of 2021, mainly due to more stores being opened in the second quarter of 2022 compared to the same quarter of 2021. Store preopening and other expenses amounted to 0.2% of net revenues in the second quarter of 2022, compared to 0.1% of net revenues in the same quarter of 2021.
Impairment loss of long-lived assets were RMB221.8 million (US$33.2 million) in the second quarter of 2022, which was provided for a full impairment for Luckin Coffee Express machines due to historical underperformance and updated strategy and business projections for Luckin Coffee Express machines determined by the management in the second quarter of 2022, compared to nil in the same quarter of 2021. Impairment loss of long-lived assets amounted to 6.7% of net revenues in the second quarter of 2022, compared to nil% of net revenues in the same quarter of 2021.
Losses and expenses related to Fabricated Transactions and Restructuring were RMB20.6 million (US$3.1 million) in the second quarter of 2022, representing a decrease of 67.3% from RMB62.9 million in the same quarter of 2021, as the Company had successfully completed the dismissal of provisional liquidation in March 2022. The losses and expenses related to Fabricated Transactions and Restructuring consisted primarily of professional and legal fees for U.S. securities litigations, and other advisory service fees. Losses and expenses related to Fabricated Transactions and Restructuring amounted to 0.6% of net revenues in the second quarter of 2022, compared to 3.3% of net revenues in the same quarter of 2021.
Store level operating profit margin - self-operated stores was 30.6% in the second quarter of 2022, compared to 23.1% in the same quarter of 2021, primarily due to the benefits of economies of scale from the increased number of products sold and the higher average selling price.
GAAP operating income was RMB241.6 million (US$36.1 million) in the second quarter of 2022, representing a GAAP operating income margin of 7.3%, compared to an operating loss of RMB47.5 million in the same quarter of 2021. Non-GAAP operating income was RMB342.6 million (US$51.2 million) in the second quarter of 2022, representing a non-GAAP operating income margin of 10.4%, compared to RMB23.5 million, or a non-GAAP operating income margin of 1.2% in the same quarter of 2021. For more information on the Company’s non-GAAP financial measures, please see the section “Use of Non-GAAP Financial Measures” and the table captioned “Reconciliation of Non-GAAP Measures to the Most Directly Comparable GAAP Measures” set forth at the end of this earnings release.
Net loss was RMB114.7 million (US$17.2 million) in the second quarter of 2022 which includes a provision for equity litigants of RMB276.8 million (US$41.4 million) which reflects the Company’s substantial progress in resolving opt-out securities lawsuits filed in the United States relating to the Fabricated Transactions, and an income tax expense of RMB101.8 million (US$15.2 million) as a result of taxable income, compared to a net income of RMB21.0 million in the same quarter of 2021. Non-GAAP net income was RMB267.5 million (US$40.0 million), representing a non-GAAP net income margin of 8.1% in the second quarter of 2022, compared to RMB92.0 million, or a non-GAAP net income margin of 4.8% in the same quarter of 2021.
Basic and diluted net loss per ADS was RMB0.40 (US$0.08) and RMB0.40 (US$0.08) in the second quarter of 2022, respectively, compared to basic and diluted net income per ADS of RMB0.08 and RMB0.08 in the same quarter of 2021, respectively.
Non-GAAP basic and diluted net income per ADS was RMB0.88 (US$0.16) and RMB0.88 (US$0.16) in the second quarter of 2022, respectively, compared to RMB0.40 and RMB0.40 in the same quarter of 2021.
Net cash used in operating activities was RMB553.1 million (US$82.7 million) in the second quarter of 2022, which included the settlement of payable to equity litigants of US$175.0 million (RMB1,172.2 million). Excluding the payment to equity litigants, net cash provided by operating activities was RMB619.1 million (US$92.6 million) in the second quarter of 2022, compared to net cash provided by operating activities of RMB362.7 million in the same quarter of 2021.
Cash and cash equivalents and restricted cash were RMB4,473.7 million (US$668.9 million) as of June 30, 2022, compared to RMB6,555.3 million as of December 31, 2021. The decrease was primarily attributable to the repayment of senior convertible notes following the restructuring of these notes on January 28, 2022, the settlement of payable to fulfill the Company’s obligations under the federal class action settlement and purchase of property and equipment, offset by the proceeds from the issuance of senior preferred shares to Joy Capital on January 7, 2022 and operational cash generation.
I always believe in Luckin Coffee that is why I bet big on it two years ago, yes don't lose patience in something you believe in wholeheartedly, but I made a lot more and lot quicker than if I held Luckin Coffee. I know you might say, why don't join back in? I won't, rule number one for me is once I am out of trade, I never get back in, especially a ticker that didn't treat me well. The only 1-2 tickers that I got back in was AM*C and TSL*A. I wish you the best of luck.
So I guess what you are saying is patience pays off, or perhaps it also means that if you believe in something don't lose faith. I personally reinvested in LUCKIN at a very low price and haven't sold yet, in that time the price has gone up and down a number of times without my losing confidence in the company. Hopefully, I've made the right decision, I believe I have.
I bought this 100,000 shares at 10.25 took a loss of 140,000 dollars, but it took 2 years to get where it is today and in two years I would have made a little over 400,000 grand.
Sounds good, but I'll be happy to see the original highs that LUCKIN made before its delisting, should that occur I'll decide what to do next. Let's hope Monday is what we are hoping for, after that we'll have a better idea what to anticipate.
I'm willing to let it grow up to be a Starbucks. SBUX mktcap $100B. LKNCY mktcap $4B. That's 25X from here times the $14 current price = $350 price target. That's ambitious but doable. Especially considering China has 4X the U.S population.
That's a hell of a long time period, I was thinking more like 2 years as next year should be $35-$50. As for more than that what are you expecting,$100, one needs to sell sooner or later, but 5+ is pushing it just a little too much.
Good to see you Surfer, for a second I thought no one was here. I agree with you that politics and covid can play an important role with Monday's report, would be great that we could be pleasantly surprised.
Actually politics could have an effect on this stock too. Besides c*vid. The following video was funded by China. It shows they are taking things seriously.
I can assume from the total silence here that there is no longer a message board for LUCKIN, doesn't pay to waste time messaging any longer. I guess I will need to wait until LUCKIN is relisted on nasdaq, at that time the board will be flooded with opinions.
Anyone wants to speculate on LUCKIN ER this Monday, personally I'm not looking for anything ground breaking. I will be happy if the price remains where it is, usually after reports the price goes down, so why should it be anything different.
[Even though LUCKIN has been going through these wild price gyrations, I have total belief in this company, and have NO doubt $20.00 or higher will be seen this year.
Not sure, however by the way LUCKIN has been trading these past few days, I suspect there to be a huge upside move within the coming days. One thing is for sure, being SHORT at this time could be suicidal.
Definitely looking great, never expected LUCKIN to make the move it has. The stock could easily break HIGHER and test its 52 week HIGHS, would not surprise me if LUCKIN can actually hit the $20.00 Mark sooner than anyone expected.
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