/biz/ - Business & Finance

fuuuuck. I was starting to feel better about it cause LK was my only stock that didn't get hurt yesterday (cause it's frozen).

>>19055399
>Investing in anything commie china

Can someone sum up what's going on with luckin? Will it ever get relisted?

>>19055534
Did IPO in US to get around chink laws. So they created a shell company in Cayman Islands to do it. Had (((Goldman))) give them a loan. Defaulted on it.

Basically everyone who invested is fucked.

>>19055639
Including me. Bought 100 shares as a joke and looks like it’s on me.

>>19055399

I have a calls on this expiring Friday in my Robinhood account. I’m ready for the class action lawsu—

>Cayman Islands

Welp

>>19055399
>trusting bugs whose whole society revolves around fucking people over and getting yours

>>19055652
>Bought 100 shares as a joke
>I will never financially recover from this

>>19055399
Anyone who invests in China deserves to be stripped of anything they have.

>>19055399
Here's why you don't invest in China:

When you get burned, and oh you'll get burned, they will blame it on you, and try to gaslight you into thinking it's America's fault you got burned.

>>19055832
It's a 5000 year old history of doing it too, you think we would've learned by now.
I laugh at burgers who say
>itz bcuz they're commiez
Nah they've always been like that. Taiwan only changed because they have given up being China at all.

>>19055652
>ompany in Cayman Islands to do it. Had (((Goldman))) give them a loan. Defaulted on it.
>Basically everyone who invested is fucked.
I think Luckin will come back. Its a huge company and is still operating strong in China. They will work something out and it will be back online. Probably will bounce back to 20 a share EOY.

>>19055399
>>19055441
>>19055534
>>19055652
>>19055711
>>19056435
>cope

>>19055943
this.
underhandedness in business is a virtue under Confucianism

>>19055920
>When you get burned, and oh you'll get burned, they will blame it on you, and try to gaslight you into thinking it's America's fault you got burned.
and accuse you of racism

>>19055399
> But investors in Luckin likely failed to understand that they were not buying a piece of the company that sells lattes across China. That company is based in China and is Chinese owned. Instead, investors were purchasing shares of a shell company set up in the Cayman Islands under something called a Variable Interest Entity structure, or VIE.
Based chinks jewing Goldman and BlackRock with the old Cayman Islands scam

>>19057334
>Look, companies fail, okay? So why is it only a "scandal" when chinese do it?

>>19058464
Is this the same as NIO where I noticed they also have a company called nio china that owns everything?

>>19058619
lol nice cope chang

>>19055399
Imagine falling for chink scams in this day and age

Watch China Hustle.