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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 wwadehammeron Oct 31, 2016 2:18pm
156 Views
Post# 25406739

RE:Looking For A Reason

RE:Looking For A ReasonTwo things come to mind as to why a cash infusion is needed - they have a lot more water in the ramp than planned or they need to fight off a hostile takeover.  As HTG says, we've been between .72 and .80 since August.  A 40 percent premium on that is is 30 cents or $1.10 per share.  Fighting off someone big like G would be expensive.
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