Luckin Coffee Inc (LKNCY)

[CycleTrade]

Got this in my In Box this morning. Looks like they got something together before the March 17th Court Date.

A definite step in the right direction.

Before you get too excited.....I suggest that you read the ENTIRE RELEASE.

There is both good and bad in this release.

THE GOOD....Is obvious. Restructuring of the debt and agreement from a majority of debt holders (they didn't really have a choice) But it's all good.

The BAD....What I said in my closing commentary last month. They still need to raise Capital to make it all work. They want to raise $50M and then another $250M. That's dilution my friends.

Chances are, the majority of people will only read the headline..>So this will be good in the Short Term and could get the stock back over $10...probably into the $12 Area. So jump in and give it a ride.

After the euphoria wears off and people realize they now have a new Target Date of JUNE 12th 2021 to meet some obligations....things could cool off again.

But this is a Definite Step in the Right Direction. Good Job for them getting this done!!!