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Luckin Coffee is a Chinese coffee chain founded in Beijing in 2017. In April 2020, the company revealed it had inflated its 2019 sales revenue by up to $310 million US dollars. This led to a crash in the stock price. Many investors suffered financial losses, and there now several related lawsuits.
Luckin Coffee Stock Fraud & Lawsuit
Rode Luckin Coffee all the way down
1 year ago
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
Lesson learned on Luckin Coffee
1 year ago
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
Burned on Luckin Coffee stock
1 year ago
I got burnt from Chinese stocks. Luckin coffee Thumbs down
Source: twitter.com See Less
Luckin Coffee need to refund investors
1 year ago
I lost money on luckin coffee . They need to make it right . They need to refund investor
Source: twitter.com See Less
Invested $2k on Luckin Coffee need options
1 year ago
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
All in on Luckin and lost
1 year ago
Went all in on Luckin Coffee last year. That was a mistake.
Source: twitter.com/ See Less
Luckin Coffee 80 percent Loss
1 year ago
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... See More would hold weight. But the minute the news broke the 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
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... See More just fail in 3 months. From Nov to Jan did a 300% 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
Luckin Coffee Lawsuits
1 year ago
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 their... See More 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
Luckin Coffee Accounting Scandal History
1 year ago
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... See More Public Offering (“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
Recent Interesting Reports
My home has had NO POWER SINCE YESTERDAY, 1235 Central Drive Northwest, Concord, NC 28027, USA
3 days ago
Yesterday(not positive about the time. My guess; 6 p.m.) I heard a very large "BANG", like there was an accident and someone hit the area where my power rights are located. The power went out immediately. I walked outside earlier this a.m. I see no lights on... See More at my neighbor's homes on my side of the street.i see lights on across the street. I see lights on outside where the new apartments are being built next door to my house on the same side of the street. Do you know when our power will be back on. My freezer items are defrosting now. CAN YOU PLEASE LET ME KNOW THE STAUS AND WHEN YOU THINK OUR POWER WILL BE BACK ON PLEASE? I DO NOT FEEL AS SAFE AS I SHOULD FEEL. THIS IS NOT A GOOD FEELING AT ALL! See Less
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This company has alot of violations they work without gloves. They also sell rotten crabs and fish to people who buy. They don’t throw anything away. The old stuff like rice with mouth poop and Rouches they mix with new ones and sell it. They leave the... See More fish out in the heat. They have a mouse and rouches problem big time. They have no Ventilations for the food or Meats. They have under age people working and Undocumented. Please send someone thats going to do the Job right in not get paid in leave.Thanks please send someone as soon as possible See Less
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Golden State Medical Supply, Incorporated (GSMS, Inc.) - Camarillo, CA has initiated a voluntary recall of the products listed in the table below because a report was received that a bottle containing Clopidogrel 75mg Tablets produced with lot# GS046745 was mislabeled as Atenolol 25mg Tablets. This voluntary... See More recall only affects products with lot# GS046745. No other Clopidogrel or Atenolol products marketed by GSMS, Inc. are impacted. Both products are being recalled out of abundance of caution.
-Recalled products:
Product Description: Clopidogrel 75mg Tablets, 1,000 Count Bottle, GSMS NDC: 51407-032-10, Lot #: GS046745, Expiration Date: 12/2023
Product Description: Atenolol 25mg Tablets, 1,000 Count Bottle, GSMS NDC: 60429-027-10, Lot #: GS046745, Expiration Date: 12/2023
Atenolol tablets are indicated for the treatment of hypertension, to lower blood pressure. Clopidogrel is prescribed to lower the risk of having a stroke, blood clot, or serious heart problem for patients who have had heart attack, severe chest pain, or circulation problems as indicated in the product labeling. For more drug label information about clopidogrel bisulfate visit: DailyMed - CLOPIDOGREL- clopidogrel bisulfate tablet, film coated (nih.gov). For more drug label information about atenolol visit: DailyMed - ATENOLOL tablet (nih.gov)
Patients who suddenly stop taking atenolol, as would happen if clopidogrel were misplaced in the atenolol-labeled bottle, are at increased risk for ischemic (angina, myocardial infarction), hypertensive and arrhythmic adverse events relating to rapid withdrawal of beta antagonism. Further, patients who are on atenolol are frequently on concomitant anticoagulant and antiplatelet medications and would be at increased risk for bleeding if clopidogrel were added to the regimen. To date, GSMS, Inc. has not received any reports of adverse events related to the use of the products as part of this recall.
The lot under GSMS, Inc.’s voluntary recall has been primarily sold to AmerisourceBergen, and McKesson. AmerisourceBergen and McKesson are instructed to immediately stop distribution, quarantine all remaining products in their control, and return the recalled product to GSMS, Inc. They are also instructed to provide their customers, i.e., pharmacies and consumers, a copy of GSMS, Inc.’s recall notification, recall response form, and letter to consumers, patients, and caregivers.
This recall is being conducted with the knowledge of the U.S. Food and Drug Administration.
In case you experienced harm from these products, it is important to report it. It can help to detect & resolve issues and prevent others from being harmed, and it enables better surveillance.
Company name: Golden State Medical Supply, Incorporated
Brand name: Golden State Medical Supply, Incorporated
Product recalled: Clopidogrel 75mg Tablets, Atenolol 25mg Tablets
Reason of the recall: Due to Label Mix-up
FDA Recall date: September 29, 2022
fda.gov See Less
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Two streets from 23rd Ave to 22nd Ave
Is there no electrical power????
And if adjoining streets See Less
271
These masks may continue to be used according to the updated instructions and labeling if patients or people in close proximity to them do not have implanted metallic medical devices or metallic objects in the body.
Royal Philips’ (NYSE: PHG; AEX: PHIA) subsidiary Philips Respironics is alerting... See More users of certain CPAP or Bi-Level PAP therapy masks with magnetic headgear clips or straps that these devices should not be used by or near patients and their household members, caregivers and bed partners who have metallic implanted devices or metallic objects (such as metallic splinters) in the body. The magnetic headgear clips are used to attach the headgear straps to the masks, which is a method that is commonly used in the sleep therapy devices industry.
This is a voluntary notification to users of specific CPAP or Bi-Level PAP therapy masks containing such magnetic clips to inform them of the updated instructions and labeling. All users should read and follow Philips Respironics’ voluntarily updated warning and added contraindication described below. This represents a new and industry-leading practice.
Contraindication: Use of the mask is contraindicated for patients and their household members, caregivers and bed partners that may be in close vicinity to patients using the masks, that have implanted devices that may be affected by magnets, including but not limited to:
- Pacemakers
- Implantable cardioverter defibrillators (ICD)
- Neurostimulators
- Magnetic metallic implants/electrodes/valves placed in upper limbs, torso, or higher (i.e., neck and head)
- Cerebral spinal fluid (CSF) shunts (e.g., ventriculo peritoneal (VP) shunt)
- Aneurysm clips
- Embolic coils
- Intracranial aneurysm intravascular flow disruption devices
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- Metallic splinters in the eye
- Ocular implants (e.g., glaucoma implants, retinal implants)
- Certain contact lenses with metal
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- Magnetic denture attachments
- Metallic gastrointestinal clips
- Metallic stents (e.g., aneurysm, coronary, tracheobronchial, biliary)
- Implantable ports and pumps (e.g., insulin pumps)
- Hypoglossal nerve stimulators
- Devices labeled as MR (Magnetic Resonance) unsafe
- Magnetic metallic implants not labeled for MR or not evaluated for safety in a magnetic field
Patients should stop using the affected mask if the implant/medical device is contraindicated against the mask magnets. Patients should consult their physician immediately to determine if another mask can be used for their therapy. In the interim, switch to a non-magnetic mask if available, for continued therapy.
Patients should properly dispose of the mask that has magnets after an alternative is obtained. These masks may continue to be used according to the updated instructions and labeling if patients or people in close proximity to them do not have implanted metallic medical devices or metallic objects in the body.
Warning: Magnets with a magnetic field strength of 400 mT are used in the mask. With the exception of the devices identified in the contraindication, ensure that the mask is kept at least 6 inches (approx. 15 cm) away from any other medical implants or medical devices that can be impacted by the magnetic fields to avoid possible effects from localized magnetic fields. This includes household members, caregivers, and bed partners that may be in close vicinity to patients that use the masks.
Impacted masks include: More than 17 million masks containing magnetic clips have been distributed by Philips Respironics to date. As of August 30, 2022, Philips Respironics has received 14 reports of patients suggesting that the mask magnets may have impacted their medical devices including pacemaker interference, pacemaker failure leading to replacement, need of shunt adjustment, resetting of automatic implantable cardioverter defibrillator (AICD), seizures, defibrillator shutting off periodically, arrhythmia, irregular blood pressure, change in heartbeats, and cognitive issues.
Patients may contact their Durable Medical Equipment (DME) provider, which supplied the masks affected by this notice. This voluntary medical device corrective action has been reported to the regulatory agencies in the countries where these masks are available.
In case you experienced harm from this product, it is important to report it. It can help to detect & resolve issues and prevent others from being harmed, and it enables better surveillance.
Company name: Royal Philips’ subsidiary Philips Respironics
Brand name: Philips
Product recalled: Certain CPAP or Bi-Level PAP therapy masks with magnetic headgear clips or straps
Reason of the recall: potential risk of serious injury
Source: fda.gov See Less
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I receive an empty envelope USPS TRACKING #
9400 1362 0633 5670 0
I'm in Sarasota, FL, USA See Less
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Source: co.dakota.mn.us See Less
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Although I received an empty package from 188 South Mountain house Parkway Tracy CA 95377 the 1st class postage says mailed from zip 90021 on September 24, 2022. See Less
#onlineshopping #emptypackage #amazon #delivery #uspostalservice #188southmountainhouseparkway #tracy #california #unitedstates
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I did also today, same story, did you by any chance order anything from on facebook? I did thats why I'm asking so I'm wondering if its connected to that
MP
Unexpected weird package, Connecticut, USA
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This package was delivered addresses to me, I didn’t order it but it came from an online seller at 1555 N. Chrisman Riad in Tracy, CA 95304 See Less
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