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Intchains Group Ltd V.ICG


Primary Symbol: ICG

Intchains Group Ltd is a China-based provider of integrated solutions consisting of high-performance application specific integrated circuit (ASIC) chips and ancillary software and hardware for blockchain applications. The Company has built a proprietary technology platform named Xihe Platform, which allows to develop ASIC chips.


NDAQ:ICG - Post by User

Comment by sailorbullon Feb 11, 2016 7:38pm
187 Views
Post# 24550461

RE:RE:RE:RE:RE:RE:RE:RE:RE:News or no news...

RE:RE:RE:RE:RE:RE:RE:RE:RE:News or no news...Hi Newbern,

I understand where you are coming from. However back in 2014, we were told that ICG *should* be in production sometime this year, or at least that's what was alluded to. Fast-forward to today, and there's a continued focus on exploration in order to boost the PEA, and production pushed is now back to 2018 supposedly. In itself very positive obviously, but until they start production, there's no cash flow. We all know how companies without cash flow are being treated on the TSXV. Hence, ICG will be exposed to the intricacies associated with being a penny stock.

So it begs the question; are they really prepping the company for production or do they perhaps have a different agenda?  
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