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Wednesday, May 20, 2020

Luckin is finished! Goodbye forever!

https://finance.yahoo.com/news/luckin-stock-faces-wipeout-rush-052759754.html

Luckin will be delisted soon as demanded by Nasdaq.

We had warned about Luckin during its IPO.

http://sg-stock.blogspot.com/2019/05/do-not-subscribe-to-luckin-coffee-ipo.html

Everything had played out as we had predicted.  Luckin was a fraud and short-sellers targeted this company after its IPO just as we had expected.  Those who bought into this company had to go for a class-action suit to seek their financial justice.  However, Luckin is a loss-making company and these investors will find it difficult to recoup their investments.  Their only consolation is to shut down this fraudulent company with the class-action suit so that it will never be able to con anyone again.

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