Luckin Coffee Inc (LKNCY)

[food4thought]

You really think Luckin is a ghost company out to simply screw shareholders?

A little DD will show you their store fronts, closures and expansion, SEC settlement, JPL proceedings, fines levied, executive transitions since the fraud, bond reactions, timelines and restrictions for class actions, growth and profitability projections, recent earnings release and guidance, and overall state of the company since the fraud was revealed. I could list dozens of more examples of why this isn’t a ghost company out to fleece existing share and bond holders. There is a process and execution of a JPL appointed timeline that needs to play out before Luckin’s true valuation will take hold. Share price will react accordingly and create a realistic market cap once they relist and institutions along with big board players enter the security. The current valuation is silly, but we’re OTC and manipulation runs rampant.