Lukin Coffee on a come back?
Hello,
Since the fiasco of the fabricated 2.2 billion yuan ($310 million).Jian Liu, Luckin’s chief operating officer, and several employees who reported to him had engaged in misconduct on its prior financial statements and earnings releases for the nine months ended Sept. 30.
The 2½-year-old company, which had hoped to overtake Starbucks as China’s top coffee chain had nearly been wiped out by the incidence and secondly by the spread of the coronavirus, yet on this chart, we can see that the sell off has died out along with any shortng opportunities and with that we can see that there is still interest in this company by what we see on the chart.
Yes this looks risky but at the same time if this company bounces back...well you know the rest of the story.
Good Luck
Cheers!
Since the fiasco of the fabricated 2.2 billion yuan ($310 million).Jian Liu, Luckin’s chief operating officer, and several employees who reported to him had engaged in misconduct on its prior financial statements and earnings releases for the nine months ended Sept. 30.
The 2½-year-old company, which had hoped to overtake Starbucks as China’s top coffee chain had nearly been wiped out by the incidence and secondly by the spread of the coronavirus, yet on this chart, we can see that the sell off has died out along with any shortng opportunities and with that we can see that there is still interest in this company by what we see on the chart.
Yes this looks risky but at the same time if this company bounces back...well you know the rest of the story.
Good Luck
Cheers!
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