Burned on Luckin Coffee stock

I got burnt from Chinese stocks. Luckin coffee Thumbs down

Source: twitter.com

January 23, 2021 3:32 PM

“Luckin Coffee is a coffee retailer founded in 2017 based in Xiamen, the People’s Republic of China. Luckin Coffee owns and operates stores selling food and beverages, as well as a mobile application for food and beverage purchases.

On May 17, 2019, Luckin Coffee conducted an Initial Public Offer... See Moreing (“IPO”) of its ADSs.

On January 31, 2020, Muddy Waters Research published a report stating that Luckin Coffee had fabricated portions of its financial statements beginning in the third quarter of 2019, citing “smoking gun evidence” such as thousands of hours of store video, customer receipts, and monitoring of the Company’s mobile application data. On this news, the price of Luckin Coffee ADSs fell from $36.40 per share on January 30, 2020, to $32.49 per share on January 31, 2020.

On February 3, 2020, Luckin issued a press release denying Muddy Waters’s allegations. The Company “categorically denie[d] all allegations in the [Muddy Waters] Report” and assured investors that the “methodology of the Report is flawed, the evidence is unsubstantiated, and the allegations are unsupported speculations and malicious interpretations of events.”

On April 2, 2020, contrary to its previous denials, Luckin Coffee disclosed that it had conducted an internal investigation and had found that Luckin Coffee’s Chief Operating Officer Jian Liu and several of his direct reports had fabricated over $300 million of sales beginning in the second quarter of 2019. On this news, the price of Luckin Coffee ADSs fell from $26.20 per share on April 1, 2020 to $6.40 per share on April 2, 2020 – a decline of over 75%.

Luckin Coffee ADSs have now been delisted from trading on the NASDAQ. See Less”

January 23, 2021 4:13 PM

“Investors who have suffered losses on Luckin Coffee investments have potential legal claims under U.S. securities laws. Investors who purchased Luckin Coffee ADSs may be able to sue Luckin Coffee, the directors of Luckin Coffee, the Company’s auditor and the underwriters of Luckin Coffee to recover... See Moretheir losses.

Investors who have suffered losses on their purchases of Luckin Coffee ADSs may have strong legal claims under the U.S. securities laws because, Luckin Coffee has now admitted that its 2019 sales were fabricated by senior officers of the Company;

Apart from Luckin Coffee itself, other persons may be potentially liable, including underwriters of Luckin Coffee’s IPO and SO, and Luckin Coffee’s auditors. See Less”

January 23, 2021 5:18 PM

“I lost $240k on Luckin Coffee, all my life savings. Now I'm broke af. I believed luckin was growing strong and becoming the next asia starbucks. I didn't know they could cheat on balance sheet, and had no idea about VIE structure and that a company can just fail in 3 months. From Nov to Jan did a 30... See More0% gain. I was just late to the party and entered at the wrong time, and played really badly.... I learned the lesson the hard way and I'm gonna just invest in etfs, gold and bonds for the rest of my hopefully long but quite useless life.

Source: Reddit See Less”

January 23, 2021 5:23 PM

“I got in December (2019) where I was really excited about the stock. I planned to hold it long term and keep adding. I also hold SBUX. Even after the Muddy Waters report and Coronavirus drove the stock down, I held and was still optimistic the stock would hold weight. But the minute the news broke t... See Morehe COO was accused of fraud and inflating revenue numbers I dumped it as soon as markets opened. It’s a shame because I really liked the business model and coffee is growing hype in China. I took an 80% loss on the sale but I’m not sorry for it one bit. It’s not worth my time and money to suffer the fallout of company leaders lying to shareholders and regulatory agencies.

Source: Reddit See Less”

January 26, 2021 5:57 PM

“Went all in on Luckin Coffee last year. That was a mistake.

Source: twitter.com/ See Less”

January 26, 2021 6:20 PM

“I'm $2k invested as well on robinhood and don't know the probability of them getting relisted on nasdaq again. At this point I'm researching what the options are and what is the best decision to take.

Source: reddit.com See Less”

January 26, 2021 8:40 PM

“I lost money on luckin coffee . They need to make it right . They need to refund investor

Source: twitter.com See Less”

January 26, 2021 8:42 PM

“I did lose, Luckin Coffee was a lesson learnt. I didn't understand coffee, but invested. Then decided, I do understand tech and should stay away from coffee stocks. $SBUX replaced with $AYX. $TD replaced with $TTD and so on. All this in April.

Source: twitter.com See Less”

January 26, 2021 8:43 PM

“I had a limit order to buy at $20/share and it filled me during the drop and I rode it all the way down. Screw me

Source: www.reddit.com See Less”

February 2, 2021 10:30 PM

“I am a female, 26 years old.An RN at Riley Children’s hospital. I received the moderne vaccine. The first dose, the physical shot was less painful than flu vaccine. Only symptom was sore arm for 2 days. Second dose, much worse. Woke up 24 hrs later feeling fatigued, nauseous, headache, and developed... See Morelarge red circular rash around injection site. Lasted 24 hours. Was hot to touch and very painful. No fevers. Better the next day. See Less”

February 22, 2021 11:20 PM

“I order the 2020 GTA-26 Battery powered wood cutter which they advertise at a price of $29.99. What arrived in the mail was a chain with two cloth handle, which I didn't order. They refuse to refund me or give me a return address. This is what i got in response to my request for a refund.

Pony... See MoreGreen （shenlantiaodong）
2021年2月22日 GMT+817:59
Dear customer,
Sorry to hear that you did not satisfy with the item you received.
If you would like to get the chainsaw, we may offer a discount for you to get the one you actually need.
We can make an exception for you with a surcharge $60, and you will get the chainsaw which costs $89.99. It's equivalent to you buying the chain for free. The chain you received before can be used as a simple tool as a free gift from us."

They are a complete scam See Less”

February 15, 2021 4:47 PM

“The cashier is felling sick. Every one got flu in this restaurant. This place infected with COVID 19
I got full sick. All employees are sick and needed fully attention See Less”

February 16, 2021 11:55 PM

“The FSA announced the recall of Boots Multivitamins supplements by Boots because they have been incorrectly packed with multivitamins containing iron. This resulted in vitamin K not being present within the supplement and iron incorrectly added to the supplements instead. Iron has not been mentioned... See Moreon the label. This means the product is a possible health risk to individuals who may also be consuming iron supplements in addition to these multivitamins.

FSA advises consumers to stop taking the multivitamin supplements. Instead, return it to the Boots store from where it was bought for a full refund. This recall affects multivitamins sold between 12 and 19 January 2021 only.

- Boots Multivitamins (180 tablets). Item code: 80 57 311. Batch code: 1805 and 1806. Best before: end of November 2022.

This product does not contain vitamin K but does contain iron. Excess supplemental iron can result in gastrointestinal effects such as pain, discomfort, constipation or nausea and vomiting.

Check the full recall details on the FSA website food.gov.uk See Less”

February 28, 2021 4:02 PM

“Order was sent but just a chain. This is misleading to alot of people who they are ripping off. See Less”

February 11, 2021 6:25 PM

“I did very well with my first shot of Moderna. I had no reaction except a very sore arm at the injection sight. See Less”

February 21, 2021 9:27 AM

“I received the 2nd covid 19 vaccine shot from Pfizer at the Amazon site February 20th at 1:00 p.m..
I have a mildly sore right shoulder and no other symptoms. See Less”

February 15, 2021 1:00 AM

“I ordered 2 chainsaws from an ad on the internet which popped up while playing cards on my phone from a web company called Blackcass.com. I thought that I was ordering rechargable woodcutter/chainsaws, but received two chains instead. They would not refund my money or allow me to return and get a re... See Morefund. They said that I had ordered the chains when I only see a big picture of a chainsaw. Their website is misleading to say the least. I would say I was scammed. They also scam people on their website with another chainsaw they are selling that has the well known brand name of Stihl on the saw. Then they send you an off brand saw made in China. Fraud indeed! See Less”

February 1, 2021 4:52 PM

“Morning recieved: Arm sore. Headache. Then broke out in welt type hives from my face down to my toes. Had to go to ER for epi pen and steroids. See Less”

February 5, 2021 8:50 PM

“I received my first vaccine at Alamodome on January 20 and will get second vaccine February 10. The Alamodome was very organized and the people who worked there very professional. I had no reactions to first shot which was Pfizer See Less”