Luckin Coffee Inc (LKNCY)

[darron427]

Also If you've read what's going on in China, The Chinese govt has been all over this company.. All the top ranks replaced-fired , people going to jail I would imagine. Books padded to the tune of hundreds and hundreds of millions of dollars if not billions from what we know right now..

You have to realize a whole lot of these Chinese companies are nothing more than shell corporations in the first place. A lot of them look great on paper and then you find out, they're nothing but a shell with some padded books.. you can't trust much coming out of China these days and I'm scared to put my money on this one with the politics that are going on over Cororna and all the other things going on right now with trade, lawsuits against China and the likes..

This company could be nothing more than a big sham fcor all we know because the only thing we can verify about them is from the foreign press and their gov't releases.. I'm not much for putting my money on their gov't at this point after what we've seen lately in the markets and the shape China's economy is falling into right now.

Like I said, I may be completely wrong. I hope some of these people that got in off recommediations from Motley and crew get some of their money back but this thing was up to what ? 50 dollars a few weeks ago? Man there's some big losers here.. Big time.. I'm guessing a whole lot of them are American and European.