Luckin Coffee Inc (LKNCY): The discounted shares certainly didn’t h...

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Luckin Coffee Inc (LKNCY)

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Re: CycleTrade post# 3721

Thursday, 04/15/2021 12:07:41 PM

Thursday, April 15, 2021 12:07:41 PM

The discounted shares certainly didn’t help the valuation but the fact that they received what they needed from an equity investor shows that they are liquid and have substantial upside from $6.50 imo. But I’m in agreement that it puts a bit of a lid on share price until earnings and audit findings are fully released.

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