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When it’s worthless...what’s the point in selling. That’s why I own it, not because I believe in the company you fool. You don’t read between the lines well do you.
I know the history of this company far more than you ever will. Apparently you don’t take insight very well, but hey, enjoy your investment. I’ll be rooting for you.
Nope. But thanks for ur concern. I’ll hold my 400k investment straight into the dirt with these dirtbags. But good luck to you. Just trying to give you a heads up, not bash a stock. I should care less about other investors but thought a public service announcement was in order.
This company is a piece of shit. They’ve been taking aim and talking at conferences for 25 years. It validates their paychecks. Their patents are near expiration and their pipeline is dead. They had their chance and blew the ampakines shot on goal over a decade ago. Good luck but don’t bank on a future other than flipping a few pennies here. Just google CX-717. That was their prize pony. It’s got more dust on it than king tuts tomb.
Come on Bob....the year of OX. Celebration ends the 21st I believe. Get back in Luckin....you’ll be glad you did.
Take all my comments with a grain of salt.
I think they continue to pay the dividend to the preferred cuz the board and their family members probably own the lion’s share of those shares. So you’re better aligned with management, which is good for you I suppose, and probably why the common has been left for dead. The preferred price is stable and continue to get an inflated interest payment, while the common are hanging by a thread and company looks abandoned.
Ditto.
Once legislation clears congress, a lot of these names will drop the “F” and up list. Then the real fun will begin. There are many under the radar start-ups that will probably be 10 baggers, but many will die on the vine. I’ll hold the strong players and dabble in a few lottery plays. GLTY
There will always be under-educated, misinformed, misleading, and unappreciated posters, don’t let that hinder your efforts.
Your input is/was real and invaluable. The time it takes to read 6K’s, dockets, company pr’s, financials and other corporate filings, will go unnoticed to a poster on a message board who wants to be heard but hasn’t put in the homework. Knee jerk commentary and mudslinging based on price movement is easy. Real DD takes time and effort. Educating others without making them feeling slighted or attempting to sway their judgement takes surgical skill. People enjoy being right, even if they’re wrong.
Believe it or not, I’m still feeling ok with this holding. The decline is clearly disappointing. I’ve lost a big number on this move but am still above water. I’m treating the lack of communication by Luckin as a JPL process mandate. I doubt they would let Luckin IR or PR directly offer relevant insight until the JPL reports their full findings and decision. I’ve read more than I wish with regards to Luckin and all of their recent turmoil, but that’s all part of due diligence. Looking forward to some Green Day’s following the Chinese New Year celebration.
No. He didn’t have to say....
First thing in the morning I want you all to sell at least your core position and take profits. He accelerated the down stroke.
I hold:
CURLF
GRBIF
TCNNF
GRWG IS MY BIGGEST MJ SECTOR POSITION
CANADIAN:
CGC
HEXO AS A FLYER
ALL OF THESE HAVE HAD MAJOR RUNS THO. CHECK TECHNICALS AND LOOK FOR PULLBACKS SIMILAR TO TODAY TO ENTER.
He’s such a dick. Suits his own agenda. Says energy is not investable when oil went negative. Stocks tied to energy have gone up 10 X since. Even the shit variety. Now he says buy chevron and P66.
Said to stay out of CAKE at $7 because it was on the verge of bankruptcy and today it sits just below $40. Now says time to enter reopen stocks.
I won’t even get into the cannabis dispensary names.
There a dozens more I could name in other sectors too but not worth getting into.
They steal the deflated equities prior to big run ups then use CNBC to tout their positions and then tell retail to buy on the back end to create support. Why he dogged GRWG is beyond me!?
Sucks but they can’t uplist until the fed’s clear the way. Once these companies do, institutions will accumulate and the real valuations will show up.
Tilray doing again what it did back in 2018. Unreal and they have nothing when it comes to profitability and growth scale when compared to the likes of Curaleaf and some of the other American dispensaries. Feels like we’re missing the boat but our time will come.
Fomo sucks balls. Selling my 50k shares at .065 has me feeling like a stump after seeing this run. What the pluck is really going on here??!!
I’m with ya....
Not sure what it’s going to take to turn this ship around. Geese GNOG....let’s start participating.
That right there is why I don’t make predictions or pass along a positive vibe....it was followed by an instant retrace in today’s move. After lunch, we hopefully regain the earlier momentum.
What I will tell you.....
1. I was on the fence about pulling the sell trigger going into this week.
2. I spent a lot of time this weekend trying to decipher chapter 15 bankruptcy terminology and cases that have survived and kept the existing common in play.
3. Key terminology kept getting my attention while reading message boards, recent pr’s, the bankruptcy verbiage, the dockets, and website communication. Stakeholders vs shareholders had me feeling that the shareholder could get burned here.
4. Last night after the Super Bowl I reached out to a person I had previously correspondence with from Luckin IR. I expressed my concern as a common shareholder and potential loss of my shares based on the recent filing. Without being able to say my shares were safe, she said focus greatly on the JPL language that had to do with this action being a necessary yet benign step in the process. That has been the paragraph that has had me uncertain as to the need to sell into this news. The paragraph that states:
“The Chapter 15 filing is a routine filing in the context of Cayman restructuring involving international jurisdictions and should not be confused with a terminal bankruptcy process involving the winding down, sale or liquidation of the company.”
At the risk of jinxing this move today....I thought it was a relevant share. Follow your own DD here tho as this could go many directions and could take plenty of time to work thru these processes.
Thank you.
Firstly....how and where did you access that docket document? I’d like to read it in it’s entirety.
Secondly: I’m more at ease with the verbiage in that document than what the initial feeling of affairs looked like yesterday. They state an option to potentially dilute existing shareholders. That isn’t death row. That’s a life line. Given the current the market, further dilution to clear claims isn’t going to demolish the SP. you know as well as I, that once the company turns the corner to cash flow positive, their PE will rise incrementally. Valuation wise, there is a ton of room to the upside here. There are many big “if’s” and there is a lot left to interpretation, but that docket document makes me feel like they are leaving existing shares in play and will be working much more diligently to secure future capital. If the chapter 15 filing allows for unsecured claims to be dismissed, then they are relatively good shape moving forward. The intent is clearly in question, but the direction looks more favorable than what my interpretation was just a day ago. Certainly more time and patience will be needed. The JPL continuation was a red flag, but they have options. I think I’ll be riding this out for a short time before I make a knee jerk sale of the stock. Interesting storyline to say the least. Any further input from you is greatly appreciated.
Yessir. That is spot on. I see mgmbet, Caesars, Draftking, etc on the regular.
That certainly takes some nutz given the situation.
It’s really hard to tell what their intentions are with the common. Some clarity there would allow me to get some sleep this weekend.
Thanks for all your input.
The story line is now a mess when it seemed like it was coming together nicely. If they dissolve all common shares and then put the majority, to near all, of the new shares in the hands of the creditors, they might as well have taken Luckin private. They are cash rich. They shouldn’t be allowed to dissolve the common without a buyout if they have the wherewithal to settle the on going disputes. Piss poor. I’m up still as well, but a 100k plus hit in a day when it took months of sticking this out to make that gain really blows. Can’t fall in love here tho. GLTY.
It better be soon and be better than anticipated. That will right the ship.
Yeah, we’re missing an epic run here and it would sure be nice to be in the conversation with the likes of the other front runners. Let’s hope patience gets rewarded. GLTY
That does make some sense given their recent report tied to the JPL hearing. Clearly things weren’t moving as efficiently as they had hoped, maybe a stalemate of sorts, and this was their way of forcing bond holder’s hand.
I’ll agree with “confuse the shit out of the shareholders” to stack their game of monopoly in their favor, but damn it’s hard to sit thru. It took almost a year to reassemble some confidence and rebuild the share price to a decent level, then kabaam, one day, one article, one declaration, and its obliterated.
Clearly the business model is sustainable. Clearly they have enough cash to deal with further settlements. What’s not clear is the reorganization. What happens to existing shareholders? They settled substantial fines only to end up filing bankruptcy!? That clearly makes no fiscal sense. Did not see this coming unless it’s part of a scheduled debt forgiveness plan that we were unaware of tied the JPL hearings and ultimate settlement.
Everything gaming goes up but this turd. Come on Tillman....quit drinking shots of whiskey for breakfast and start promoting your company.
How do you interpret this?
I can see where the disconnect is, but I’m not sure it reads like the shareholder is safe. If JPL is filing this chapter 15 to view the possibilities of a debt forgiveness shift in the company in order to better compose their settlement and valuation of assets, then I wonder how that directly affects the common stock shareholder?
The terms liquidation and restructuring always create a negative assumption.
$GNOG is independent of $FST. $FST is moving some of Tillman’s privately held companies public thru the spac merger. Tillman also owns the majority shares of $GNOG. In this $FST merger those shares will now be held by $FST as part of the deal. Think of it as an asset held by a company. One is not dependent on the other, but will be reflective on their balance sheet in the case of $FST. If $GNOG goes up, it simply improves the value of the holding. $GNOG is not dependent on $FST in any way other than being a majority holder of their stock. Because of that $FST will have influence on share voting and operational and board control as a result of being a majority shareholder.
The question you have to ask yourself is...
Does Chapter 15 protection wipe out shareholders?
If the answer is no, then we should be fine. The company is not liquidating to satisfy bond holders and creditors. They are flush with cash and operating wholly. This seems like a part of the process to me. I don’t fully understand the process, but I don’t think it’s as it appears from this sell-off. I’ve been googling Chapter 15 verbiage all morning and I can’t find anything that states that common stock gets wiped out in favor of creditors and bond holder asset claims. Took a big hit today but still holding.
FST is the spac that will be bringing Tillman’s privately held companies public.
In hindsight, I guess SKLZ would have been a far better bet...pun intended. Tillman simply isn’t a mover and a shaker. Still dead money until it’s not and breaks out of this technical downtrend.
GNOG is already trading. FST will merge with Tillman’s holding company that holds Golden Nugget casinos and Landry’s restaurants. In the deal Tillman’s GNOG shares become part of FST’s asset group. So no, GNOG is not ipo’ing as it is already a tradable security....just so you understand correctly.
Yeah. Intricate value will be reflective on the balance sheet of fast. GNOG goes up, as will the value of Fast’s internal holdings. Still separate from a standpoint of valuation as an independent operating entity. I may consider shifting some of my GNOG shares to FST shares after I breakdown their valuation. It’ll be interesting to see what their numbers look like once they go public.
That’s how I see it too. Just seems like a shift in share control. No different than Microsoft holding shares of Apple. As long as they don’t lever those shares in some way, nothing should change.
FAST will own a majority stake in GNOG and bring all of Tillman’s privately held companies public. I’m not sure how that benefits GNOG at this point?. I don’t know that it changes anything other than the way GNOG shares are being held. I’m assuming the 31 million shares that FAST will acquire in the deal were Tillman’s held shares.
This has been a big disappointment. Declining price action on weak volume is never good. The sector has a lot of growth opportunity. We need some technical support and a pr to back-up some fundamental strength in order to create some momentum.
You have to go to the JPL site to see the report. The filing link is just that....shows the filing.
Not really. The report is status quo and kicks the can down the road a bit further with regards to the JPL details, which is why there was a sell-off. The market likes relative certainty and this report didn’t offer it, albeit, the report didn’t offer anything detrimental either.
At least they filed.
I was being facetious....
Couple days left in January to reveal the settlement. Come on man....you know it’s coming.