OTCPK:LKNCY - Post by User
Comment by
hintonkidon Mar 29, 2021 12:18am
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Post# 32896487
RE:Delisted
RE:DelistedChinese company, Luckin Coffee, continues to trade on the OTC and has just worked out an agreement with it's chief investors and bond holders for refinancing of it's debt, etc. recently. An outline and details of the arrangement are available online through a number of investor websites and it looks like some have a BUY recommendation on the stock with a $40.00 target. Investors should continue to carry out their Due Diligent to ensure that the information and target price on the stock is up to date and that the stock will fit in well as a holding in their portfolio before purchasing shares in the stock. Also, since the shares trade on the OTC the share price can be quite volatile and there can be large swings in price to the updide and the down side.