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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 Jmgreenon May 08, 2014 9:57am
138 Views
Post# 22538002

RE:RE:RE:RE:Sheldon Inwentash, sells a total of 3.2 million shares ???

RE:RE:RE:RE:Sheldon Inwentash, sells a total of 3.2 million shares ???Actually there are many millions of shares that traded around mid thirties, so hopefully those people are looking for bigger returns and willing to hold. However I think the main thing that will move this play is defining a larger resource. I would think even you would have to agree that there has to be some correlation between the share price and the ounces/grade. If ICG can continue to prove up ounces and increase the ounces and therefore mine life at current costs I think it is fairly safe to say the share price will appreciate. Now whether they continue to have the money to do this and continue to hit the high grade holes is for us to see. Which is the risk which keeps the stock price down, hopefully for all of us that want the stock price to rise, the risk is abated and the share price climbs.
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