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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

Bullboard Posts
Post by leeslandon Aug 07, 2011 5:53am
305 Views
Post# 18913031

Marine

Marine

My guess is you have more contact with de jong than anyone on this board, I cant reach him  and hope can you ask dejong whats his forecast on matters are over the next few months and what are his thoughts on when this company will be stable on the share price and what are his actions to build confidence up with shareholders, because it really does not seem as if anything done to date is working to bring in new investors?

After reading that note drafted on this board that de jong mentioned that he felt it was one persons doing in why the share price fell and that after that things will be stable  well we dropped to 23,5 which is almost a 5 year low so would be nice to get some feedback perhaps in operations NR of concern.

 The last question is if he had knowledge that a block of shares was going to be released on the open market after the 43 101 was released,  why as the ceo did he not try and do some damage control, by at least trying to find a buyer or investor to prevent them from going on the open market and instead of buying a block early to show a good show of confidence he waited till after the sell off and start being pro active below  30 cents.
 
I think it would have been great PR if he had bought them at the block level as soon as soon as the 43 101 was released to show trust and try and prevent a major sell on the open market rather than releasing a letter saying they are about 60 000 shares left and him buying below 30 cents

Being fair to De jong we dont know if that letter was from him or not as it was not signed but seems fair to say it was given that you or nobody questioned it,  but would hurt if it was true that the ceo did not seek prevention or damage control on a major player selling.

I hope you can get feedback on these marine and I would be very appreciated if you can



Bullboard Posts