$LKNCY I have been reading, researching and doing in-depth DD for several months. Here is my personal opinion. I won’t go into details but here is summary of my thoughts. The financial damage was bad but LK will recover. Period. In fact, Ruixing’s financial fraud is the biggest damage to Ruixing’s brand image itself but for the supply chain and product development, the impact is not significant. People still buying despite the fact the free coupon is no longer available. What does it mean? Lk community like the products and the prices. Ruixing has been continuing to maintain its continuous innovation in products and research and development. What does it mean? They have enough cash not only to run the business but also expand both in new productions and advertising. So, it won’t go BK, but it should recover by 2021.
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