Missfresh Limited ADR (MFLTY)

[81vette]

10Xs ave vol,7Xs buying vol

[Jess070283]

Here we go!

[The Night Stalker]

big pushSF

[INFINITI]

Yes chapter 11 sell or stay your choice

[hondaboost]

MF is going to file Bankruptcy?

[OffTheGrid]

Ya, was hoping for a r/s pop on Friday. Broke even.

[lakers17]

What a POS. I only had a few shares so just held. Of course this was yet another bad pick by one of the same usual suspects.

[OffTheGrid]

Make sure to get out eod. R/s on Monday.

[OffTheGrid]

Back in @ 7

[OffTheGrid]

Loading

[glenn1919]

MF........................................https://stockcharts.com/h-sc/ui?s=MF&p=W&b=5&g=0&id=p86431144783

[makinezmoney]

$MF: Doubled here in PreMarket................


Congrats to all those that were loadind down at $0.09


EZ MONEYYYYYYYYYYYYYYYYYYYYYYYYYY


GO $MF

[INFINITI]

Yeah something is cooking here $$$$

[declaes]

Well looks like we will get there soon up over 100% pre M

[halbroke1]

MF $$$ $1.00+ coming...something cooking.

[INFINITI]

Ouch

[INFINITI]

Great news Here$$$$$$

[INFINITI]

Missfresh Adopts Significant Business Strategy Adjustments

Source: GlobeNewswire Inc.

Missfresh Limited (“Missfresh” or the “Company”) (NASDAQ: MF), an innovator and leader in China’s neighborhood retail industry, today announced that it has adopted significant adjustments to its business strategy.
As announced on July 14, 2022, the Company entered into a strategic investment agreement with Shanxi Donghui Group (“Shanxi Donghui”), pursuant to which Shanxi Donghui agrees to make an RMB200 million equity investment in Missfresh. As of today, the transaction has not been closed and the Company has not received any funding from Shanxi Donghui.

As a result, the Company has to adopt significant adjustments to its business strategy for sustainability, including a temporary shutdown of its on-demand Distributed Mini Warehouse (DMW) service and staff optimization. It is expected that these significant adjustments will have a material and adverse impact on the Company’s financial performance. The on-demand DMW business contributed approximately 85% of the Company’s total net revenue for the nine months ended September 30, 2021. The Company will decide if and when it will re-open the on-demand DMW business depending on the development of its financings and business operations. The Company will make every effort to maintain normal operations in its next-day delivery business, intelligent fresh market business and retail cloud business.

Safe Harbor Statement

This announcement contains statements that may constitute “forward-looking” statements which are made pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “likely to,” and similar statements. Statements that are not historical facts, including statements about the Company’s beliefs, plans, and expectations, are forward-looking statements. The Company has based these forward-looking statements largely on its current expectations and projections about future events and financial trends, which involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond the Company’s control. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: potential adverse reactions or changes to business relationships resulting from the announcement; adverse changes in general economic or market conditions; actions by third parties, including government agencies, that may adversely affect the proposed transactions; potential changes in laws, regulations and governmental policies or changes in the interpretation and implementation of laws, regulations and governmental policies that could adversely affect the industries in which Missfresh or its business partners operate, including, among others, initiatives to enhance supervision of companies listed on an overseas exchange and tighten scrutiny over data privacy and data security; impact of the COVID-19 pandemic; natural disasters and geopolitical events; change in tax rates and financial risks; intensity of competition; and general market and economic conditions in China and globally. Further information regarding these and other risks is included in the Company’s filings with the SEC. All information provided in this press release is as of the date of this press release, and the Company does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

For investor and media inquiries, please contact:

In China:
Missfresh Limited
Investor Relations
Tel: [phone]
Email: [e-mail]
The Piacente Group, Inc.
Jenny Cai
Tel: [phone]

[lakers17]

Yep, watching them both tank.

[INFINITI]

Let’s gooo$$$

[INFINITI]

Chap·ter 11

protection from creditors given to a company in financial difficulties for a limited period to allow it to reorganize I believe they have a plan

[INFINITI]

Chapter 11 allows them time to reorganize their plan it is not bad at all

[zackster]

What easy money they are done !!!! Done and done chapter 1111111111

[INFINITI]

East money here slap that ask

[INFINITI]

Cheapies

[powerbattles]

This chart is looking very good for next legs high and higher.

[ramalio]

$0.50 next week, then 1 dollar. Easy.
AIMHO

[glenn1919]

MF...........https://stockcharts.com/h-sc/ui?s=MF

[knrorrel]

AEI the next

imo

[ramalio]

Would be nice going with $0.50 into the weekend!

[knrorrel]

YEEEEES

[powerbattles]

Awesome day here!

[ramalio]

..

[ramalio]

May be (I hope actually) ya right ... but looking at Barchart´s opinion there´s a completely diametral sight ... even if this service is known as pretty unreliable ...

https://www.barchart.com/stocks/quotes/MF/opinion

Sometimes I ask myself how such a blatantly different opinion can seriously occur ...

[powerbattles]

A 3 bagger is a short -term gain within 3 months. By the end of next year this should trade at 3 to 5 dollar range. Amazon take years to building up the business. Grocery is huge market in China should do extremally well. IMHO.

[ramalio]

Is that your serious expectation here? A 3-bagger!? When? Looking strong but not like it could do such a tremendous step currently ...

[powerbattles]

$MF BOOM TIME! Earnings out after hours last Friday. Easy $1.00 doable $$$$$

[knrorrel]

yepp nice MF and watch now $AEI too , because...... BOOOM
https://investorshub.advfn.com/boards/board.aspx?board_id=39112

and here https://investorshub.advfn.com/boards/read_msg.aspx?message_id=169259064

[bowlfan912]

But why?

[Golden Cross]

Cranking up

[powerbattles]

Awesome day bro.

[glenn1919]

MF.............................https://stockcharts.com/h-sc/ui?s=MF&p=D&yr=0&mn=2&dy=12&id=p84071410134

[ramalio]

0.30 ante portas.

[Golden Cross]

Looking better

[bcapps66]

Um...more like MOOOOOOOOB

[knrorrel]

BOOOOOOOM

[knrorrel]

maybe a/h .30+ WEEEEEE

[knrorrel]

more come

[amc]

Release the fins and we take off...anytime now imo

[powerbattles]

Looking better today.