Luckin Coffee Inc (LKNCY)

[food4thought]

I feel and have felt the exact same way since March/April. For me it was the fraudulent offset of expenses to mirror the fraudulent revenues, which simply was the fraudsters attempt to show more immediate and accelerated growth and not to show higher profit and liquidity, which clearly isn’t an issue based on their balance sheet and available cash. Further, fines and disciplinary actions now levied remove the majority of the risk moving forward.