Dropped almost 80% in share value after ceo misconduct. Will it ever recover ? Is the dip worth buying ? #investments #luckin #chinese #starbucks ##personalfinance
Yes. The biz model would work and they had the established supply chain. User base is increasing. The cfo got nasty and caused this but the stock should be back to 30’s at least
It will go bankrupt, the luckin stores are nearly empty even way before Coronavirus. They haven always been burning investors’ money. And it doesn’t taste that good.
Wow , those are two very contrasting opinions.
Dude, it was not misconduct. It was cooking up the books. Avoid.
Don't forget they will get sue and burn the remaining cash on lawyer's fee
Anyone joining the class action lawsuit against Luckin?
What’s that?
Is LK on halt ? When will it start trading back ?
$0.0000001
Lol... look at price now
Already lost >90% of it. Just leaving it there and the 10% doesn’t matter much now
you’re holding when you should be selling? might as well call it a donation
Covered some of my losses already
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it was worth buying at 4.3, that’s all i got loll