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Intchains Group Ltd V.ICG


Primary Symbol: ICG

Intchains Group Ltd is a provider of integrated solutions consisting of computing application specific integrated circuit (ASIC) chip products for blockchain applications and a corporate holder of cryptocurrencies based on Ether (ETH). The Company utilizes a fabless business model and specializes in the front-end and back-end of Integrated circuit (IC) design, the two components of the IC product development chain. The Company’s products include computing ASIC chip products consisting of ASIC chips, computing equipment incorporating ASIC chips, ancillary software and hardware, the products are mainly used in the blockchain industry. The Company had built a technology platform named Xihe. The Company has developed hardware models and several systems under the Xihe Platform, including a factory production test system, an after-sales data system, a computing server system and a batch management system.


NDAQ:ICG - Post by User

Comment by wwadehammeron Jun 01, 2016 10:17am
113 Views
Post# 24922804

RE:RE:RE:What will Eldorado do ?

RE:RE:RE:What will Eldorado do ?For small shareholders like us it would be a lousy deal, but for large shareholders it represents a quick 40 percent profit on top of their profit accrued to date.  So someone with 10 million shares at an average cost of 35 cents a share would get 94 cents a share (in ELD stock) at todays share price.  That's a gain of $5.9 million on an investment of $3.5 million - with no further risk.  Many of the large shareholders would take the profit and move on to another investment.  We may think the stock is worth from $2 to $5 but we're not institutional investors who have to show continuous profits to satisfy their shareholders.  My guess it would be a close vote if ELD came in today and offered 94 cents a share.  If it didn't look like it was going to pass, ELD could up the bid to $1 or $1.10 and seal the deal.
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