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Luckin Coffee Inc. (LKNCY)
Other OTC - Other OTC Delayed Price. Currency in USD
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Ruixing Coffee's boutique strategy has been upgraded again, completing the purchase of 1,000 tons of Yunnan boutique coffee beans
Technology IT View
Luckin Coffee and its partners have completed the purchase of 1,000 tons of Yunnan specialty coffee beans for the 2020/2021 new production season. The premium coffee beans purchased by Luckin this time are mainly from the two major producing areas of Baoshan and Pu'er in Yunnan. In order to ensure the quality and flavor, Luckin selected green coffee beans with an SCA score of 80 points or more in the planting area at an altitude of more than 1,300 meters. This is another important move for Luckin's specialty coffee strategy to advance after Luckin Coffee launched its high-end product line "Little Black Cup·SOE Yejiashefei" in 2020.
"The completion of the Yunnan Fine Coffee Beans Procurement Plan will not only continue to enrich the taste of Luckin's SOE limited series, but also promote the further implementation of Luckin's specialty coffee strategy, and provide Chinese consumers with a cup of high quality, high convenience , and high price. Coffee, to create a world-class coffee brand from China. At the same time, we also hope to drive the local coffee farmers in Yunnan to increase their income and promote the industrialization, quality and internationalization of Yunnan coffee. "Dr. Guo Jinyi, Chairman and CEO of Luckin Coffee Said.
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Give the shorts nothing. They will be forced to buy back shares as they did with other recent failed attempts with Chinese companies. They never learn.
Who thinks these two companies invested $250 million without seeing legitimate revised financials?
Why would Centurium Capital and Joy Capital invest $250M if they weren't confident in the company and the numbers? $LKNCY has been very strategic, slowly gaining the confidence of investors. If you've held this long, why sell now? The audit is the final hurdle!
Statement out. funding in place
China GDP grew 18 % in Q1, according to CNBC,
they probably need a lot of coffee there...
Within the next year (if not sooner) you're looking at LKNCY relisting and a price of at minimum $30 per share. Imo.
Who’s holding more than 6k ☕️☕️☕️☕️☕️&&&??
Remember that on 16 March Luckin "engaged in exclusive discussions for a period of 30 days with a credible investor, with a view to raise at least $250 million of equity funding through a private placement".
Now do your maths: 16 March +30 days =?
The day of re-listing, this stock will jump $10.
Since so many talking negative about new auditor change and no financials.. Still we crossed the financial obstacles how? I believe in LKNCY..
By Friday the good news is out, thats why we are going up, bond holders that are still negotiating are making their last attempts to keep the stock price down so they can get a better deal, since some of their payments will be in form of those shares, but trust me that after they negotiate the deal, they will push the stock to the moon.
Centurium Capital and Joy Capital are early investors in Luckin, they have been with the company since 2018; they are probably the most knowledgeable about what's going on there,
they fact they still pour money in LK is a sign of confidence and also a sign there is a clear exit strategy for shareholders like a relisting in some major stock exchange,
these guys are private equity, they need to get their money back in a few years hopefully with a profit :-)
Bat Shyt Crazy
I love this. Nothing but shorty bashing, negative articles from Investor Place and the like for over a year telling you this is going to go to zero.
I just sit back, hold, and laugh.
Please sell. Or short. When audited financials come out you won’t get it under $25. When they are relisted you won’t get it under $50.
Have a feeling we’ll close above $9.50 today. Don’t worry folks, people will realize this is great news and buy back in at higher prices. We longs know that this will rebound in no time and heading towards $15 when the earnings are released shortly after. Have faith, hold strong or keep accumulating, you will be rewarded if you are patient.
I am totaly okay with this. They got the money they needed. The business is working well, luckin is expanding. Now they can fully focus on the reports and relisting back. I was worried about the money only. Good news but people are feared bcs price was dropping on "selling news". Holding easy :)
What firm allows you to actually buy luckin shares? Still holding in fidelity but can’t buy more
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