Replies to post #3602 on Luckin Coffee Inc (LKNCY)

[naturalborninvestor]

Why do people assume that bonds, if at all, would have to be repurchased at par value from cash? The company would simply issue a new class of bonds and use the proceeds to trade in the old bonds. Issue solved. There should be ample interest, given the company is stronger, bigger and financially healthier today than it was at IPO times.

[CycleTrade]

You get it! Thank Goodness!

Not many people understand that the Bondholders hold "FIRST POSITION". Shareholders almost always get left with little to nothing in a settlement.

In the end....I see them going into liquidation. Re-Organizing and coming Public a Second Time.