Luckin Coffee Inc (LKNCY)

[food4thought]

I read this news as a positive, don’t you? I would think the market would see it that way as well. Clearly Monday morning major volatility coming and an opening bell gap move. My guess would be to the upside. We shall see.

Certainly the press has their way of spinning things, but moving forward with clarity and removing the cancers and greed from the company thru shareholder majority should create some strength in the stock. Just my opinion, but I see this only as a good path forward, minus further indiscretions disclosed from the E&Y audit, which could create some near term downside pressure.

But again, comparing the current market cap with its pre-fraud IPO valuation, and given the potential growth possibilities amid the top brass douching, the company has to be in far better shape going forward than it was just a few months ago.