Luckin Coffee Inc (LKNCY)

[Tokugawa]

Clearly they are having a conversation with somebody. Could be about Chairman using (worthless?) shares to secure loans. Or Board has new info which would violate loan covenants. Or company is having a conversation with an investor. Or company is arranging some sort of public funding.

Regardless, they wanted the shares halted so the investment community wouldn't speculate, or act on rumors, or half baked news. Once they have something to say, they will say it, let investors digest the news, and then start to trade the shares again. When? Might be a day or two, might be a month. China behaves mysteriously, but i would guess sooner rather than later unless they are taking the shareholders out the door and completely recapitalizing the company. But i doubt that to be the case.