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What do you think of the new filing today?
They should’ve showed some decency and addressed the shareholders right away but now we just have to wait and hope for the best.
It looks like Luckin won’t be filing till mid June based on today’s news. Our money will be frozen for a long time.
Sweet!! This is just released. Hopefully they hit a news wire with this tom. We will have some nice momentum going into the weekend if they do.
I hope we do and I can’t wait for it. We have a hepatitis vaccine that is also very close. There has been big numbers on the ask but they are getting gobbled up. It’s only a matter of time before this runs past 2$.
I’m in this one pretty big now. It’s actually my biggest holding in my account. This one could pay off huge with any positive news or developments towards a vaccine for the coronavirus. Once news hits it will skyrocket if it is positive.
If they release their earnings this Friday we will be trading again very soon. It will prob dip really hard on the first day then rebound and go higher.
Lol it looks like 85% of their stores are back to operating as normal now. They finally opened their mouths today but I’m ready to be trading again.
Doing well??? They haven’t done a damn thing. They asked for a halt knowing they didn’t have news so the nasdaq would halt them indefinitely. Once they took 611 million shares from them we were all screwed. What work have they done other than disappear and not comment on anything.
Obviously, it’s evident at this point that they could care less about any of their shareholders. We will see if this ever gets trading again.
I suggest everyone here that has stock to start calling and emailing this person.
Luckin Coffee Inc.
Investors relations
Email: ir@luckincoffee.com
Bill Zima / Fitzhugh Taylor
ICR, Inc.
Phone: 646 880 9039
Yea it’s crazy. It doesn’t seem like there is that many available. News of vaccine will eventually move this but I am waiting for a good entry point to jump in and join you all.
Im interested in this and have been for a while but every run seems to be met with an infinite amount of shares. Even today there has been a ton available at 1.12 and 1.13. Where are all the shares coming from?
I know that in his other rental car company he tried to get it halted for a month due to Luckin having a negative impact on that stock on a totally different exchange so I don’t think they are in a rush at all.
I agree. Here is what I know. They hired Kirkland & Ellis LLP to assist with an internal investigation into the matter. FTI Consulting has also been brought in to conduct forensic accounting. No date on when the investigation will be concluded. They have said nothing to the shareholders which is very disrespectful to us but hopefully they make it up to us later on.
I don’t believe this will just start trading again without them addressing the issues at hand unless we move to the pink or gray sheets which IMO will be a disaster for us. We need to start emailing them and putting some pressure on them.
I agree. They have to stay listed on the nasdaq. This will take some time with the mess that they have to clean up. They should’ve addressed us for sure by now but they obviously care less about their shareholders and backers. If the ceo didn’t have his 611 million shares seized he would’ve definitely have addressed us by now. My guess is he is trying to work out terms to satisfy the 500 million dollar margin default so that he can get the shares back before they are dumped into the market. If he doesn’t get the shares back or have an agreement to then we probably won’t hear a peep from them.
It can’t be solved over night but addressing the shareholders takes 30 minutes of their valuable time. They haven’t said a peep for weeks but I guess it’s because the shareholders don’t care or are used to having their money frozen.
I hope your right but they haven’t said a peep. Not 1 filing or press release from them. I just hope we don’t get delisted from them not saying or doing anything.
It’s not looking good for us. They should’ve already addressed us before the nasdaq. They may just let this get delisted and not say anything.
I have been in my fair share of them but never on a nasdaq listed stock. I am of the opposite mindset. I want this to begin trading ASAP but they should have already addressed the shareholders. Some people bought this at forty plus dollars. They should show some decency and address us even if they don’t want to address the nasdaq. Remember they had 611 million shares or something around that number taken from them after they defaulted on a 500 million dollar margin loan. If they don’t address the concerns relating to the halt they will be delisted and we will be screwed big time. Nobody investing in a nasdaq listed stock expects to be halted for weeks under no circumstances. This is not the pink sheets.
It’s definitely starting to look worse and worse for us. The company hasn’t said a peep to shareholders and we are going on the 2nd week of the halt now. The nasdaq has limitations to how long they can take to respond so we will get delisted if these idiots don’t do something soon.
I am in the same situation as you. I believe that they initially asked for the halt stating news pending and then didn’t release anything so soon thereafter the nasdaq switched the halt to additional information requested. If the company doesn’t open their mouths then it will get delisted. They should’ve already issued a statement to the shareholders. I’m starting to think that the shares that were taken from them may be why they haven’t issued anything. If they still had the 611 million shares they would’ve probably been way more motivated to keep this listed and to get it rolling again.
These bastards haven’t even put out a statement yet. Wtf are they waiting for?? They have had plenty of time to address nasdaq and the shareholders. They are disrespecting all of us.
I believe with them you have to purchase on the app and then pick it up.
I just hope it opens back up soon. It will eventually move higher if it doesn’t get delisted.
They don’t have unlimited time to reply to the nasdaq inquiry. If they don’t do it quickly and accurately they will be delisted.
Thanks and I will for sure. Hopefully we all can somehow make money here and most of all hopefully we all stay healthy during this time of crisis.
Thanks sporty we really appreciate that and are hoping for the best but we will likely get killed here in the short term. I think it will pass by and we could make money. I thought there was a trade too and now I’m stuck in it for 6k so hopefully it’s not too bad. Good luck and stay healthy.
I hope it is in our favor. These Chinese companies have always been very dangerous though. I thought this one would’ve bounced by now. It kept going lower so the halt is not a bad thing as long as it was asked for by the company.
I know but it’s shows they asked for one to protect their shareholders in the other company associated with them so it wouldn’t be shocking if they filed and asked for one with Lk. I mean can the news get much worse than what has been coming out. We will find out soon.
Where did u hear this? I don’t like when a non medical company gets halted for this long especially with all the bad news that we have been getting here. Hopefully it’s somehow good news but I doubt it.
Hi Larry do u see any value in buying in here today or is this bad news going to be a black cloud over this company for a long time? Thanks
Hi coot, it’s starting to get very interesting at these levels. I haven’t rebought back in yet but I plan on buying 5-10k worth this week. The market cap is getting ridiculous at these levels. They have assets worth more than the current market cap unless I am missing something. If anyone else has insight let me know. Positive or negative. I’m up for all opinions.
I definitely will this time. I don’t think they could really go under this early into the legalization process but I thought that when I initially bought 7k dollars worth a while ago that is basically worthless so who knows. I will share my findings with the board if I find anything relevant.
Hi board, I bought 7k worth of stock a while ago that are worth next to nothing now. Was thinking about throwing more money into it but I haven’t been keeping up wt these boards at all anymore. Do u all think there is any chance of them folding completely here? I’ve been to the Vegas location a few times and it was pretty nice and busy each time.
Way too many shares outstanding to justify a 50+ dollar price. The market price would be at 50+ billion dollars and that's if they don't issue more shares. I was so excited to buy this then I seen the shares outstanding and I slammed the breaks on fast. I will prob jump in at some point as it will have some good runs but 50+ is a huge stretch unless I'm missing something here.
Hi all, sorry about the day here so far. Is there a reason for this going down? I thought it would go up since they were uplisting tom.
Oh wow I didn't know that and that's why I have been waiting to buy it. I didn't know if this was just an extension to the Canadian listed stock they already have. So you are positive if I buy before the nyse acb ticket is listed it will just transfer automatically