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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