And please don’t believe institutions, I don’t mind if the price goes up, I can short on higher price and earn more when LK delisted.. but the people long it will lose all
All his store in China are rented, coffee machines worth little money but already taken by banks, LK can not afford huge debt, would anyone buy LK in this situation?
Guys, I am a Chinese, all Chinese investors have bad attitudes on trading this stock, they believe LK will be delisted and sell now, try to save some people, premarket is a trap...
$LK seems investors with a low morale code think fraud isn’t such a big deal. It’s not only lawsuits and delisting this is facing, China will not back this company otherwise it will publicly look even more corrupt. China will try to save face by distancing itself from Luckin. They’re in over their heads now. Chairman about to lose all his assets and other company he owns. Bank will collect shares and then sell them off to recoup on the loan default. Fraud. Default on loan. Entire C-suite fired. Delisting. Low trust of Chinese companies. It’s fucken over. Don’t be greedy. I took my losses and learned my lesson. Move on you moron.