Updated view of the EGM in light of Luckin's announcement

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2021.12.06 11:37 LKlong88 Updated view of the EGM in light of Luckin's announcement

As you might have seen, Luckin made an announcement in response to GS's letter. So should we trust it? Here're my thoughts:

  1. I don't fully trust it. It didn't directly address our concerns: No mention of no privatization plan or safeguards against Centurium, who is not a truly independent party either with their people (Sean Shao etc) in board.
  2. However, it did hint at some of our concerns: "deliver value to all stakeholders", "benefit of all its shareholders and deliver long-term value" and tried to persuade us by emphasizing what Luckin has consistently done so far, which is in fact significantly enhancing shareholder values for everyone, no denying that. It went further to say that JPL supports poison pill and EGM proposal too - which if true, does make this statement stronger. However, JPL's main tasks are not to ensure value for current shareholders, but more for business to thrive and ensure agreed repayment to debt owners and plaintiffs.
  3. Where's the Q3 ER? Where's any funds supporting LKNCY price? I want to see some real action to help shareholders.
So overall, I'm not convinced. The vote boils down to do you trust the management the full intention or do you want to kill any risk of potential low-price privatization plan by Centurium - who again might not do that (it's about whether we do everything to prevent that risk).
The choice is entirely up to you. For me, I am still not convinced, but this management finally made their statement that I've been waiting for over the weekend. Given their track record, it might be worth trusting them one more time. I'm almost 50-50 now on this vote and leaning towards just trusting management/JPL's judgement/statement on this. I'm still wary of Centurium and its influence on the board, but we don't have a lot of choices here - particularly given the crazy selloffs we're experiencing. Perhaps privatization isn't so bad any more with the panic and possibly deliberate shorting/dumping we're experiencing. But if Centurium make any proposal with less than $18/share they can expect lawsuits from us.
submitted by LKlong88 to LuckinCoffee [link] [comments]

2021.12.06 11:37 BossAvery2 Pretty jealous

I know things change a lot depending on where you are from but it seems nearly everyone on here is union or has been with the same company for years. I’m in Louisiana and I know very few people that have been with the same company over three consecutive years that are not superintendent and above. At the end of a job you get laid off and have to fight/have a connection to get on another project with another company. I’ve been an operator for 14 years, 7 of those have been in industrial construction in refineries and chemical plants. Out of those 7 years, I have worked for 10 different companies in 5 different states.
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2021.12.06 11:37 Emma202021 The western countries always know and ignore all Chinese people are CCP’s hostage. But shocked for the first time to find CCP even arrested whites as its hostage.

The western countries always know and ignore all Chinese people are CCP’s hostage. But shocked for the first time to find CCP even arrested whites as its hostage. submitted by Emma202021 to fucktheccp [link] [comments]

2021.12.06 11:37 SnomGummy oh look a helicopter flying over his head

oh look a helicopter flying over his head submitted by SnomGummy to woooosh [link] [comments]

2021.12.06 11:37 BurritoDeleter23 Overreaction Monday

This sub like to overreact (like pretty much every NFL sub) so I thought I’d make a post to capture everyone’s overreaction to the game.
My overreaction: The Ravens will lose out and not make the playoffs, as the amount of injuries and poor offensive play has caught up to them.
My rational take: While there’s certainly a chance for the ravens to lose out, I still have enough confidence in this team to sort it’s struggles out and steal one or two wins in our remaining gauntlet, which should be enough to sneak in.
What are your overreaction’s?
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2021.12.06 11:37 SpecialBasis3 PremiumShet Private Server Preview| Best Private Server You've Ever Seen 70+ Models

PremiumShet Private Server Preview| Best Private Server You've Ever Seen 70+ Models submitted by SpecialBasis3 to Kelsey_Calemine [link] [comments]

2021.12.06 11:37 load_more_commments Reprimanded by CEO for trying to set clients expectations to be more realistic

We've got a client who's asked for some new features, since I was lead in the past project I was invited to call (impromptu as well) to let find out if it's possible.
Since I was under the guise that they wanted to know if it were possible, I gave a realistic answer. Saying that we could do it, but is your application ok with handling some amount of error uncertainty. Without going into details, I can safely say to delivering accurate results in this task is almost impossible. However, if they're willing to accept ballpark estimates then I can deliver it.
The client seemed fine and then asked me why, so I went a bit into the technical detail and said in a case like this you'd have to compromise a bit. He seemed fine with my explanation and still enthused about the project.
After the call, the CEO and lead sales guy dug into that I was too pessimistic and that the client doesn't need to know all the technical details (though he asked, wtf) and that next time I should try to 'sell more' without making it seem like it's a problem.
Truthfully, I don't think I came across as pessimistic. I'm routinely invited to impromptu client calls (not ones with the CEO though) as I usually always say things are possible (compared to my other senior colleague who is quite a buzzkill). I tried to understand the client's requirements and told them if they're willing to tolerate some error margin then it's fine we can do it.
They told me next time I should say we'll build a prototype and improve. I let them talk, but was boiling a bit. This isn't the first instance of them overpromising and giving us impossible tasks. I understand we NEED to sell, but we also need to set some expectations too, otherwise we look stupid in the end.

Thoughts? I'm sure this has happened to many of us, how do you deal with these situations better?
submitted by load_more_commments to cscareerquestions [link] [comments]

2021.12.06 11:37 SpecialBasis3 PremiumShet Private Server Preview| Best Private Server You've Ever Seen 70+ Models

PremiumShet Private Server Preview| Best Private Server You've Ever Seen 70+ Models submitted by SpecialBasis3 to Stefaniegurzanskii [link] [comments]

2021.12.06 11:37 SaltyBigBoi Anyone else disappointed that there's no pre-game lobbies?

I haven't played halo since reach, but I really miss being able to scroll through the leaderboard before the match to see everyone's armor in between games.
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2021.12.06 11:37 Artistic-Pitch7608 This person is just such an asshole in this one thread on averageredditor (surprising for that sub I know)

This person is just such an asshole in this one thread on averageredditor (surprising for that sub I know) submitted by Artistic-Pitch7608 to IncelTear [link] [comments]

2021.12.06 11:37 ChaserNeverRests New mogstation: Where in the world do you enter your non-EA registration code?

Has anyone found where in the world to enter the code in the new mogstation?
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2021.12.06 11:37 paranoid_nuts What books would you recommend to have fundaments in Stochastic Processes?

I have been preparing for CM2 examination and have been struggling with topics such as Stochastic calculus, Martingales, Geometric Brownian Motion...etc.
What books would should I go through to get a strong base in Stochastic Processes?
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2021.12.06 11:37 JTylaB11 Star Chest

Does anyone have a solution to the daily rewards claim not recognising that I have opened my star chest already today?
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2021.12.06 11:36 citizend13 Purple Kiss in the recent KTO (Korean Tourism Office) Manila online Fan Meet Event - jump to around 4hr 10 min mark.

Purple Kiss in the recent KTO (Korean Tourism Office) Manila online Fan Meet Event - jump to around 4hr 10 min mark. submitted by citizend13 to PurpleKiss [link] [comments]

2021.12.06 11:36 MajooAlice Breadlaina

Breadlaina submitted by MajooAlice to majonotabitabi [link] [comments]

2021.12.06 11:36 nttl_series Day 142 of making DHMIS memes until the show releases

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2021.12.06 11:36 ChaplinshireFuzzy I always love that

I always love that submitted by ChaplinshireFuzzy to pakistan [link] [comments]

2021.12.06 11:36 Only-Emu6596 True experience except for the Thor one

True experience except for the Thor one submitted by Only-Emu6596 to marvelmemes [link] [comments]

2021.12.06 11:36 profezzorn Chief ain't having it

Chief ain't having it submitted by profezzorn to halo [link] [comments]

2021.12.06 11:36 pog92 How do you find the right people and products to invest in?

I read many articles about the early-stage investment industry becoming more and more competitive due to the entry of family offices and new actors.
I see that many VCs are trying to renovate their model to be first in line for interesting deals. Just investing in YC startups or similar don't work anymore: you often arrive after someone else :)
Since (simplifying) great startup = great product + great team, I think most of the efforts should go there. That's because the riskiest parts (and the main failure reasons) are startups not building the right it, or not being/hiring the right people.
So, how do you find the right people and products to invest in?

For the people side of the equation, I think that part of the solution is putting the accent on investing in founders rather than just ideas: ideas can and should be tweaked for working while changing a person is harder you have to find the right ones! Focusing on finding the right entrepreneur solves one of the sides of the equation.

For the product side, I notice a market failure leading to a lot of inefficiencies: early-stage entrepreneurs need to embed testing and tweaking in their product development process, but they: A) don't know they need it before building the wrong it (they try to pivot but often do it too late and fail before pivoting right); B) don't have money for hiring the right professionals who can coach them in testing faster, cheaper, better until they find the right it.
Startup studios, foundations and universities try to solve this market failure by offering access to tools or internalizing the process.
I have in mind some business models that could solve the equation, by giving investors access to "underdog" early-stage talents and products in areas with lower fund presence and competition. For example, since young aspiring entrepreneurs are usually less targeted by funds and more open to learning (rather than obsessed with finding validation for their idea), they could be the perfect target.

Investors could: - pay mentors for coaching and scouting for them good early-stage startups and teams - partner with universities and foundations to offer courses to improve the % of successful innovations coming out from there, in exchange for preferred access to investing - partner with startup studios to internalize this process. Have you ever seen these business models in action?

Do you or other investors you know ever partnered with startup mentors, universities or startup studios to continuously fill the first stage of their deals pipeline with good prospects?
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2021.12.06 11:36 bourbonbiscuits123 How much thought do you put into Home vs Away form?

I just noticed that all of my starting 11 are playing at home in the next GW and wondered if people were generally aware of Home vs Away form? My only decision to make now is whether to keep Vardy (H) vs NEW or take a punt on Dennis (A) vs BRE.
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2021.12.06 11:36 Dontsaymyname289Ok According to Death Battle Madara’s TSB can kill Aizen?

What’s up with Aizen been immortal? Then he ain’t immortal? Explain to me this logic please. I don’t get it.
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2021.12.06 11:36 ezinem77 tattered apparel question, help please

So, im trying to get my colonists to stop wearing tattered apparel. Ive been told to set an outfit to 51%. The moment i set it to 51% all my colonists instantly get naked, even though i have stockpiles of 100% durability clothes.
At the same time, i set my crematorium to start destroying clothes below 51%. The moment i do this, my colonists start burning all my clothes, regardless of their durability, 100% freshly made clothes included.
Also, i set my tailoring bench to create me 5 of a clothing item, look in all stockpiles, equipped included and 51% durability. The moment i do this, my colonists start producing clothes non stop. Even though there are 100's of 100% durability clothes in my stockpiles.
So, in short im pretty sure ive done exactly what your supposed to do. But ive got a bunch of naked colonists producing freshly made clothes, bringing them to the stockpile, then bringing them to the crematorium and destroying them.
Help me please? Im tearing my hair out over here, and everyone just seems to say set to 51% easy as pie.
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2021.12.06 11:36 tunyapz The main character (Mercenary illustration) for our game.

The main character (Mercenary illustration) for our game. submitted by tunyapz to IndieDev [link] [comments]

2021.12.06 11:36 Soggy-Essay THE original concepts of Mako, Korra, Bolin. (Edited by: Me)

THE original concepts of Mako, Korra, Bolin. (Edited by: Me) submitted by Soggy-Essay to legendofkorra [link] [comments]