Chaython

Being delisted/ banned in the US because China military op

Short
NASDAQ:LKCO   Luokung Technology Corp
I bought at 1.70 , but since hitting 2.20 it has only gone down.
Yesterday IBKR warned that the company is being delisted and trading will be banned for US residents due to the companies ties with the CCP / PLA .
I'm not shorting, as the stock is still really low, but I halved my position at a loss, I am not American, so I will hold the other half, see what happens.

Comments

unfortunately that is list is not accurate anymore. Xiaomi should be removed as they won their court case against the DoD. Also LKCO has gotten a preliminary injunction and based on the evidence presented (by both parties) it's likely that they will also get off that list. Al the DoD evidence was based on publicly available PR, nothing concrete or based in intelligence. Still, trade carefully ...
The final 'day' is somewhere in the next few weeks. I think it will test lower again around the 1 USD mark.
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cheers!! Luokung is active again at nasdaq
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This didn’t age well haha🤡
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Chaython Nemohoes
@Nemohoes, it's back below where I sold it so :shrug:
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@Chaython didn’t age well like I said buddy🤡 haha
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Chaython Nemohoes
@Nemohoes, It keeps getting pumped up to a lower high.
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It keeps bouncing off the gap above 0.786, ya short term regret in selling, but could still get banned and everyone's money locked up so :shrug:
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up or down? think LKCO is winning the trial
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$LKCO Xiaomi Joint Status Report confirms the DoD will NOT appeal the preliminary injunction Order and that they will continue to deliberate regarding the appropriate path forward.

Looks like this is going LKCO's way.
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Did you read the case updates ? Looks like the DoD was handed a blow.
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