Luckin Coffee Inc (LKNCY)

[xgin]

Not so sure that's the way it's going to work out. This all happens 10:30AM EDT. Lu losing all his shares (though totally expected)would affect the action I would think.

Reposting just in case the bears are out there trying to make hay out of Lu getting more control of the board he though he's gone.
Translated with chrome: Earlier, Luckin Coffee's lenders Morgan Stanley , Goldman Sachs Group and Barclays Bank submitted a liquidation application to another investment company held by the Lu Zhengyao Family Trust Fund in the British Virgin Islands, which will open on July 6. If the court supports the above financial institution's application, Lu Zhengyao will lose control of Ruixing Coffee, and Dazheng Capital will become Ruixing Coffee's largest shareholder.

Affected by this, Lu Zhengyao originally planned to reorganize the board of directors one day before the court session to strengthen the control of Ruixing Coffee. But now, Li Hui, Liu Erhai and others have started to fight back.