Shares of the Chinese chain, which said last year its sales were inflated in 2019, still had a market capitalization of about $1.6 billion after the news.
The saga at Luckin, once a rival to Starbucks, has been marred by shenanigans involving former chairman Charles Lu
Luckin Coffee Inc – ADR (OTC: LKNCY), which trades as an over-the-counter stock, is plunging hard Friday following an announcement from the company regarding a Chapter 15 bankruptcy filing. What Hap
China's Luckin Coffee has filed for bankruptcy protection.
Luckin Coffee on Friday filed for Chapter 15 bankruptcy protection in New York, as it recovers from hundreds of millions of dollars in fines for fraudulent accounting.  The Chinese coffee chain said
Luckin Coffee filed for Chapter 15 bankrupty in New York, the company said in a statement on Friday. All of its coffee chains will remain open, said Luckin, in a statement.
Coordination between the Cayman Court and the U.S. Bankruptcy Court to Protect the Interests of Stakeholders and Facilitate Luckin Coffee's Restructuring of its Financial Obligations
Luckin's lawyers just released unaudited financials as employees accuse the new CEO of corruption.
With its fraud apparently over, Luckin has returned to impressive growth and has a path to profitability. But too many risks remain.
I don't trust either side of this trade and that's what it is. The shorts are being squeezed, and the management looks dodgy.
Luckin stock is recovering, but management concerns and the validity of its financials continue to widen its bear case at this time. The post Don't Buy Into the Luckin Coffee Redemption Story Just Yet
With the government hopefully set to issue another round of stimulus checks, here are eight cheap stocks to consider. The post 8 Cheap Stocks to Buy With Your Next Stimulus Check appeared first on Inv
Under any other paradigm, Luckin stock would be too toxic to touch. But there's growing evidence to suggest that younger people don't care about fraud, which strangely benefits LKNCY stock.
Luckin stock is not out of the woods yet, despite over 150% one-month gain. It has become a symbol of weak Chinese corporate governance.

Luckin Coffee's Comeback Is Still Uncertain

09:06am, Tuesday, 19'th Jan 2021
Luckin stock is an interesting trade. But for the shares to be a solid buy, Luckin has to show that it can still be disruptive in the face of growing competition.
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