LogFAQs > #940035443

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Topic	Stock Topic 4
Nanis23 06/01/20 3:55:05 PM #348:	Menji posted... It's likely going to be deslisted which I assume means they're going to be worthless to the average person. red sox 777 posted... It's a Chinese coffee chain that just had its IPO last year. They admitted that a lot of their revenue numbers were fraudulent. Right now, it's not clear what the real financials are. It's not clear if the company still has the $1 billion+ in cash it raised from investors or if the executives were able to steal it. It's not clear if the business model is viable or if it was just designed to turn a quick buck for the founders by defrauding investors. I think it's a worthwhile bet because if it's anything other than the worst case scenario, the stock is clearly worth more than $2 per share. Just the cash they raised from the IPO and subsequent offering alone is worth like $5 a share or so, and you gotta figure the thousands of locations they have in China, the brand, the data on millions of customers, etc. should be worth something. Holy fuck Yeah this is too hot for me I am not doing so good lately and this is one adventure I am not going to take But if you are in it, good luck --- wololo <cite>Nanis23 posted [p:940035443] in Stock Topi... [t:78641278]...</cite> <quote>Menji posted... </cite> <quote>It's likely going to be deslisted which I assume means they're going to be worthless to the average person.</quote> red sox 777 posted... </cite> <quote>It's a Chinese coffee chain that just had its IPO last year. They admitted that a lot of their revenue numbers were fraudulent. Right now, it's not clear what the real financials are. It's not clear if the company still has the $1 billion+ in cash it raised from investors or if the executives were able to steal it. It's not clear if the business model is viable or if it was just designed to turn a quick buck for the founders by defrauding investors. I think it's a worthwhile bet because if it's anything other than the worst case scenario, the stock is clearly worth more than $2 per share. Just the cash they raised from the IPO and subsequent offering alone is worth like $5 a share or so, and you gotta figure the thousands of locations they have in China, the brand, the data on millions of customers, etc. should be worth something.</quote> Holy fuck Yeah this is too hot for me I am not doing so good lately and this is one adventure I am not going to take But if you are in it, good luck --- wololo</quote> ... Copied to Clipboard!
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