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Comp? He's buying 500k shares of LK today. He probably already owns at least another 500k. Plus he has 13.5 thousand followers which makes him a big fish.
Just thought you guys should know as he has 13.5k followers.
Lionmaster
25m
$LK I have a open order to buy 500,000 shares of Luckin tomorrow as of tonight.
I know he already has 300k at the very minimum.
You should check this guy out. He has 12.5k followers and has bought over 300k shares of LK recently.
https://twitter.com/TheLioncom
https://stocktwits.com/Lionmaster
Luckin Coffee believe a buyout bidding war is coming. Company is vastly undervalued here with hard cash of about $4.70 per share and stockholder equity $6 per share.
FWIW: Just to set a few things straight. Only 1500 shares traded in Mexico, it closed in Germany at 1.63 Euros which is $1.775 US and had a high today just over $2. US, but had HUGE volume. Way more then 10x normal.
Although sales were inflated so were expenses so we don't know what the real numbers yet. And I believe what sparked the interest today is SOMEONE finally said what we've known all along and that they have a chance of being bought out.
https://www.reuters.com/article/us-luckin-coffee-investigation-breakingv/breakingviews-luckin-spill-will-get-china-coffee-war-brewing-idUSKBN2310AA
https://finance.yahoo.com/quote/LC0A.F?p=LC0A.F
In addition to the companies listed in the first link there is this:
I really think they should add McDonalds China to that list of companies that might want to buy Luckin:
"Luckin also said Tuesday it has appointed Wenbao Cao, the chain’s head of store operations and customer service, and Gang Wu, head of its strategic partnerships and supply chain management, to the board.
Before joining Luckin, Cao worked for McDonald’s China for more than 23 years. Wu worked in the airline industry for 26 years prior prior to working for Luckin."
I believe Goldman was getting rid of the shares they picked up from the margin call because that's what they do. They don't hold on to them. I'm hoping selling pressure will finally let up with them gone.
Also this was just one story and I have no idea if it will hold up PPS or is just a flash in the pan. What they said remains true though they have assets that a lot of companies would like to own.
Kinda fun to try to read the English translations of customer reviews on Chrome. https://s.weibo.com/weibo/luckincoffee%E7%91%9E%E5%B9%B8%E5%92%96%E5%95%A1?topnav=1&wvr=6&topsug=1
Luckin Coffee is opening stores at a breakneck pace in China and pledging internal company change.The coffee chain opened 10 outlets a day in its home market in the second quarter as of May 12, bringing its total number of stores to 6,912.Take a look on this good one also https://www.ww01.net/en/archives/67660 https://www.bloomberg.com/amp/news/articles/2020-05-14/luckin-coffee-still-expanding-full-steam-despite-sales-scandal https://www.msn.com/en-us/finance/companies/luckin-coffee-still-expanding-full-steam-despite-sales-scandal/ar-BB144hVA
Meanwhile, the China Securities Regulatory Commission stated that this year it will put in place regulations ordering companies engaged in fraudulent listing to repurchase floating market shares.
This is in this article that I translated with Chrome: http://spanish.peopledaily.com.cn/n3/2020/0421/c31621-9682252.html
There's this for short interest. http://shortsqueeze.com/?symbol=lk&submit=Short+Quote%E2%84%A2
This may or may not have something to do with LK. Big sale of shares in UCAR today. https://asia.tools.euroland.com/tools/Pressreleases/GetPressRelease/?ID=3732550&lang=en-GB&companycode=ky-699&v=ky-699_ticker_2
CAR Inc.????????(Incorporated in the Cayman Islands with limited liability)(Stock code: 0699)INSIDE INFORMATIONACQUISITION AND DISPOSAL OF EXISTING SHARES BETWEEN SUBSTANTIAL SHAREHOLDERSThis announcement is made by CAR Inc. (the “Company”) pursuant to rule 13.09(2) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited and the Inside Information Provisions under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).The board of directors of the Company (the “Board”) has been informed that Amber Gem Holdings Limited (“Amber Gem”) and UCAR Inc. (“UCAR”), both being substantial shareholders of the Company, have entered into a sale and purchase agreement (the “Sale and Purchase Agreement”) on April 16, 2020 in connection with (1) the acquisition of 98,608,000 shares of the Company (the “Shares”) at a price of HK$2.30 per Share by Amber Gem from UCAR’s wholly owned subsidiary on April 16, 2020 (“First Tranche Share Acquisition”) and (2) the conditional acquisition of Shares at a price of HK$3.40 per Share for a total consideration of not more than US$115,817,260 by Amber Gem from UCAR’s wholly owned subsidiaries, which amounts to not more than approximately 264,080,384 Shares calculated based on the exchange rate of US$1 to HK$7.7525 (“Second Tranche Share Acquisition”). The consideration for the First Tranche Share Acquisition and the Second Tranche Share Acquisition shall be used to repay certain existing facilities of UCAR. The closing of the Second Tranche Share Acquisition is subject to a number of conditions. The Shares subject to the First Tranche Share Acquisition and Second Tranche Share Acquisition represent approximately 4.65% and up to 12.46%, respectively, of the total issued share capital of the Company as at the date of this announcement.Immediately before the execution of the Sale and Purchase Agreement, UCAR and Amber Gem are interested in approximately 25.92% and 10.11% of the total issued share capital of the Company, respectively.
2Shareholders of the Company and potential investors are advised to exercise caution when dealing in the Shares of the Company.By Order of the BoardCAR Inc.Charles Zhengyao LUChairmanHong Kong, April 16, 2020As at the date of this announcement, the Board of Directors of the Company comprises
This video is really worth a watch. The first 12 minutes brings you up to speed where things stand right. After that he talks about a possible buyout by a company that is backed by Tencent.
I really think those ratings are moot since they're Pre-COO/$311M announcement.
I'm all in with 4290@$5.91. Anything over $7 would be sweet indeed. I think anything under $10 is undervalued IF they can produce numbers that are acceptable from trusted auditors.
If they come out with clean books w/good numbers you'll be able to smell all the small fry Bears burning from your home. The big fish already took their profits and moved on. The PPS will definitely head higher it just a matter of how much.
The Bears are so screwed. $500 Million isn't chump change.
https://www.yicaiglobal.com/news/scandal-stricken-luckin-coffee-adds-usd500-million-to-registered-capital
Doesn't sound like they're going under anytime soon. Added capital. https://www.yicaiglobal.com/news/scandal-stricken-luckin-coffee-adds-usd500-million-to-registered-capital
Scandal-Stricken Luckin Coffee Adds USD500 Million to Registered Capital
Dou Shicong
DATE : Apr 10 2020/SOURCE : yicai
Scandal-Stricken Luckin Coffee Adds USD500 Million to Registered Capital
(Yicai Global) April 10 -- Luckin Coffee, the Chinese coffee chain that faked CNY2.2 billion (USD310 million) worth of sales last year, has increased its registered capital by USD500 million.
The company, which positions itself as Starbucks' top rival, topped up its registered capital to USD2.05 billion, according to data on business information platform Tianyancha.
"When a firm increases capital voluntarily it is trying to get credit from investors and lenders," Gao Tingting, a lawyer from Beijing Zhong Yin Law Firm, told The Paper. From a legal perspective, this is Luckin's attempt to show an ability to undertake risk, she added.
Luckin confessed on April 2 that its chief operations officer and other employees had inflated its 2019 sales figures, prompting its share price to dive 80 percent before it suspended trading on April 7.
Editor: James Boynton
I'm long, but wonder how it's trading? https://web.tmxmoney.com/quote.php?qm_symbol=LK:US
Did the same. What a waste of posting space.
Posted this on StockTwits. Never know stranger things have happened.
No one knows, but if I have to live in fantasyland while we wait for the news then I like the idea that the Chinese government will step in because it's too big a loss of face if they do nothing. It will tarnish all Chinese companies if they don't. Of course the news is probably something totally different.
The source of this article is "Tencent.com", the author Xiangxin.
On April 5, Lu Zhengyao, chairman of Ruixing Coffee (LK.US), responded to the company ’s financial fraud, saying that regardless of the final findings of the independent committee, it would assume its due responsibilities.
Lu Zhengyao said, "Since the accident, I am very ashamed and sad. The original intention of Ruixing was to make a good coffee and serve millions of users. But after the fraud incident, too many people were disappointed and injured! Including investors who have always trusted us , Partners, consumers who love us, and the dedicated Ruixing employees and the families behind them. "
Lu Zhengyao said that he was very self-blaming. "No matter what the final result of the independent committee is, I will assume my due responsibilities." He also said that the company has run too fast in the past two years, causing many problems, and now it has fallen hard. Wrestling, I as the chairman blame!
On the evening of April 2, Ruixing Coffee issued an announcement that there were counterfeit transactions from the second quarter to the fourth quarter of 2019, involving a total sales amount of approximately 2.2 billion yuan. Among them, certain costs and expenses have also been greatly inflated by false transactions. The announcement shocked the entire industry.
According to "Shenwang", the president office of Ruixing Coffee then sent an internal letter saying that COO Liu Jian and his subordinates and other four management personnel are under investigation by the company for suspected financial data fraud and have suspended other managers to take over the original Responsible work, and will make every effort to reduce the negative impact of this incident. "This event will also allow the company to conduct deep reflection and adjustments, optimize the governance structure, strengthen corporate values ??and organizational construction, consolidate the foundation for healthy development, and make subsequent development more powerful. ... The road is long and the road is coming. "
The following is Lu Zhengyao's article:
Thanks to many friends for their care and regards. Since the accident, I am very ashamed and sad. The original intention of Ruixing is to make a good cup of coffee and serve millions of users. But after the fraud incident, too many people were disappointed and injured! This includes investors, partners, and consumers who have always trusted us, as well as dedicated Ruixing employees and the family members behind them.
I personally blame myself. Regardless of the final findings of the independent committee, I will assume my due responsibilities. At the same time, tens of thousands of employees are still operating normally in thousands of stores across the country. In this special period, I need to cheer up the front-line employees. They are all good employees who work diligently and serve customers innocently. I said "full of vitality" to cheer up the friends. During this period, we have to stabilize operations and continue to serve customers.
The company has been running too fast in the past two years, causing many problems. Now I have fallen hard. As the chairman of the board, I have to blame! I sincerely apologize to everyone in the circle of friends-sorry everyone!
I accept all doubts and criticisms and will do my best to recover the loss! (Editor: Liu Rui)
Article Keywords: Lu Zhengyao Ruixing Coffee
Luckin Coffee (LK)
Chinese Stocks to Buy once Coronavirus Fears Fade: Luckin Coffee (LK)
Source: Keitma / Shutterstock.com
Percentage Off 52-Week Highs: -89.1%
Forward Price-Earnings Multiple: N/A
The Chinese stock which has been hurt the most by the coronavirus outbreak is Luckin Coffee, with shares down almost 90% in the wake of the outbreak.
And this is about more than just the coronavirus pandemic killing the Chinese economy in the first quarter. Instead, most of the drop in LK stock has come on the heels of news that the company’s COO fabricated transactions, which resulted in the company overstating 2019 revenues by about 70%.
That’s awful news. But, it’s not a fatal blow, and LK stock could bounce back for three big reasons.
First, this appears to be a case of “one bad apple”. That is, the COO and his reporting employees seem to have acted alone in this fabrication, and the Board seems very serious about reprimanding and removing these individuals, and restoring order to the C-Suite.
Second, despite the fabrication, Luckin is still growing very quickly. Excluding the fabricated transactions, revenues still grew more than 200% year-over-year in 2019, powered by 100%-plus unit growth. Big unit growth will persist for the foreseeable future. So will big revenue growth.
Third, given where the stock trades today with a $1.3 billion market cap versus its long-term potential (Starbucks (NASDAQ:SBUX) has a $70 billion market cap), the potential upside in the long run is huge.
Big picture, then, Luckin should be able to move past this fabricated transactions fiasco, and https://investorplace.com/2020/04/5-chinese-stocks-to-buy-when-coronavirus-fears-fade/continue on a hyper-growth trajectory in the back-half of 2020 and over the next several years.
I like YouTubeTV. It gives me both CNBC & CNBC World. Bloomberg I can get on Pluto.
Anyone know if this is still happening?
https://ir.heatbio.com/ir-calendar
https://microcapconf.com/
Just after 6 AM PDT we started heading up fast. Funding?
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HTBX $0.6149 +18.25%
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Shares of Heat Biologics rise on plans to develop COVID-19 vaccine candidate
Today 2:35 PM ET (MarketWatch)
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Heat Biologics Inc. (HTBX) disclosed Tuesday in a financial filing that its COVID-19 vaccine candidate had been added to the World Health Organization's "draft landscape" of 41 candidate vaccines. Heat had previously announced that it is developing a vaccine for the novel coronavirus with the University of Miami Miller School of Medicine. The company also recently joined the Alliance for Biosecurity, which may help it "secure government funding to support its rapid development, production, and distribution" of its COVID-19 vaccine, according to Maxim Group analysts. Heat's stock was up 9% in trading on Tuesday and has gained 19% year-to-date, while the S&P 500 has dropped 26%.
-Jaimy Lee; 415-439-6400; AskNewswires@dowjones.com
https://research.tdameritrade.com/grid/public/markets/news/story.asp?docKey=1-SN20200317011507&cid=1-SN20200317011507-MIP
https://seekingalpha.com/news/3552325-fda-to-allow-states-to-authorize-coronavirus-tests
https://ir.precheckhealth.com/news-events/press-releases/detail/13/precheck-health-announces-3rd-coronavirus-covid-19-pcr-test
https://www.fda.gov/news-events/press-announcements/coronavirus-covid-19-update-fda-provides-more-regulatory-relief-during-outbreak-continues-help
I feel so good having picked up an additional 2.1k shares @$.41 this morning. My only stock that's doing well.
Heat Biologics Invited to Join The Alliance for Biosecurity
https://finance.yahoo.com/news/heat-biologics-invited-join-alliance-120000164.html
The question is do we open over or under $1 at 4AM PDT?
This is NOT spam, but useful info on the Coronavirus. HTBX $APT $CODX A friend of mine is a teacher and one of his students did this website that updates Coronavirus for Global, USA, and China. Seems very well done.
https://ncov2019.live/?fbclid=IwAR3Ct9y8AV5Bjj2Ro0dmR0FUEB1coLJMO1-SLVrLycGwPC8XNlPg2sV62b4
So, I wonder if any of the Federal dollars will go to HTBX, U of M, both, or neither?
I was wondering if they have a process that is similar to NK among other things. I've had shares in NK off and and on for a while now. It's a good company. Still it might not hurt to have shares in a company that is trying to fight cancer AND the virus.
$CODX $APT $NK $SDC New people thinking about putting money into HTBX. There was pretty good News over the last 7 days:
1. Applied for a patent: https://alphastocknews.com/heat-biologics-htbx-stock-soars-on-coronavirus-patent-application/2682/
2. collaboration with the University of Miami Miller School of Medicine aimed at developing a coronavirus vaccine.
https://seekingalpha.com/news/3549068-heat-biologics-up-14-on-coronavirus-vaccine-plan
3. Going to a conference where there will be investors with big money.
https://finance.yahoo.com/news/heat-biologics-inc-present-spring-214500096.html and
4. I wouldn't be totally surprised if any of the 3 things above show results. https://www.wsj.com/market-data/quotes/HTBX/research-ratings
I saw talk of a ssr - Does it really make a difference in practice or only in theory? Doesn't seem to have made much difference on Friday. So I do see us listed here near the bottom.
HTBX Heat Biologics, Inc. Cmn Stk R 3/6/2020 11:25:36 AM
https://www.nasdaqtrader.com/trader.aspx?id=ShortSaleCircuitBreaker
My thinking exactly. I took a flyer on $HTBX yesterday. Some good news came out since, but I really have my doubts about this company. Still they have 3 things going for them. They applied for a patent, they have teamed up with someone in Miami, and they are going to a high flulutten attended by people with really big money later this month.
What Tab said.
They are the distributor for Co-Diagnostics. https://rapiddxforlife.com/rapid-dx-news