Monday, February 08, 2021 12:23:36 PM
1. I was on the fence about pulling the sell trigger going into this week.
2. I spent a lot of time this weekend trying to decipher chapter 15 bankruptcy terminology and cases that have survived and kept the existing common in play.
3. Key terminology kept getting my attention while reading message boards, recent pr’s, the bankruptcy verbiage, the dockets, and website communication. Stakeholders vs shareholders had me feeling that the shareholder could get burned here.
4. Last night after the Super Bowl I reached out to a person I had previously correspondence with from Luckin IR. I expressed my concern as a common shareholder and potential loss of my shares based on the recent filing. Without being able to say my shares were safe, she said focus greatly on the JPL language that had to do with this action being a necessary yet benign step in the process. That has been the paragraph that has had me uncertain as to the need to sell into this news. The paragraph that states:
“The Chapter 15 filing is a routine filing in the context of Cayman restructuring involving international jurisdictions and should not be confused with a terminal bankruptcy process involving the winding down, sale or liquidation of the company.”
At the risk of jinxing this move today....I thought it was a relevant share. Follow your own DD here tho as this could go many directions and could take plenty of time to work thru these processes.
Recent LKNCY News
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 07/30/2024 11:00:12 AM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 07/22/2024 10:11:22 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 05/23/2024 11:00:10 AM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 02/28/2024 11:24:18 AM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 02/27/2024 11:34:36 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 02/23/2024 12:00:37 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 02/16/2024 04:40:19 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 11/16/2023 11:30:29 AM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 11/13/2023 11:35:51 AM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 11/10/2023 02:28:13 AM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 11/03/2023 09:09:00 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 11/01/2023 11:00:04 AM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM