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Intchains Group Ltd V.ICG


Primary Symbol: ICG

Intchains Group Limited 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). It provides the front-end and back-end of Integrated circuit (IC) design. The products include computing ASIC chip products consisting of ASIC chips, computing equipment incorporating ASIC chips, ancillary software and hardware. The Company had built a technology platform named Xihe Platform. 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
112 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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