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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 EdgarLon May 08, 2014 2:47pm
126 Views
Post# 22540063

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

RE:RE:RE:RE:RE:Sheldon Inwentash, sells a total of 3.2 million shares ???If Sheldon (Pinetree Capital) had some investor withdrawals, they would have to reduce some of their investments.  Since Pinetree Capital likes using Case Studies to show their successes in investments in gold companies and others, they could sell some or all of their ICG and still show a good profit and still have a good story to attract new investors.  (I'm not sure of where they bought in but I imagine they are selling at a profit.)  ICG is a success story for them and that's how they get investment money - through the stories.  The stories are the fuel they work off of.  So withdrawing from ICG because they already have the story and moving on elsewhere for another story would be my guess as to what is happening.  

I'm staying in ICG because for me and most of us, the story is just getting going.  There are numerous catalysts coming throughout 2014.  I think they're a great target for a takeover.  I think they're great without a takeover with the ability to move to production with relatively low cap-ex.  They're in as good an area as you can get so I consider it a low-risk place to invest.  I'm also in because I like them.  I think they are a good team.   
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