Luckin Coffee Inc (LKNCY)

[food4thought]

Firstly....how and where did you access that docket document? I’d like to read it in it’s entirety.

Secondly: I’m more at ease with the verbiage in that document than what the initial feeling of affairs looked like yesterday. They state an option to potentially dilute existing shareholders. That isn’t death row. That’s a life line. Given the current the market, further dilution to clear claims isn’t going to demolish the SP. you know as well as I, that once the company turns the corner to cash flow positive, their PE will rise incrementally. Valuation wise, there is a ton of room to the upside here. There are many big “if’s” and there is a lot left to interpretation, but that docket document makes me feel like they are leaving existing shares in play and will be working much more diligently to secure future capital. If the chapter 15 filing allows for unsecured claims to be dismissed, then they are relatively good shape moving forward. The intent is clearly in question, but the direction looks more favorable than what my interpretation was just a day ago. Certainly more time and patience will be needed. The JPL continuation was a red flag, but they have options. I think I’ll be riding this out for a short time before I make a knee jerk sale of the stock. Interesting storyline to say the least. Any further input from you is greatly appreciated.