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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 wwadehammeron Nov 08, 2016 11:44pm
219 Views
Post# 25439676

RE:Cart Before the Horse

RE:Cart Before the HorseBlue, I spoke to Stephen De Jong last week.  I raised the concerns you raised about why not delay the PEA until after the "Mother of All REs" is issued in Q1 or Q2.  Mr. De Jong stated that it takes 3 to 4 months after an RE is released to develop a PEA and believed that waiting until Q3 2017 to release a PEA was too long.  I've sent a few emails over the past couple of months to IR complaining about the delay in drill releases and the promised RE.  I sent a email to IR last week asking for a description of a C and T structure.  IR called me back and asked if I would like to speak to Steve for an answer.  I said sure, Steve who.  IR said De Jong.  So I talked to him and he described what C and T structures means in Integra terms.  I asked him a lot of questions and he answered what he could - technical questions about mining which I know almost nothing.  I have no idea why he decided to talk to me.  I'm a small shareholder and wouldn't think that he had the time to spend 10 minutes with me but he did.  It was an honor to talk to him.  What I came away from the discussion was that management has a plan and is going to stick to it.  The plan is to drill drill drill and have things come together at the end of 2017.  Not what I wanted to hear but there it is.  The SP is going to lag behind what we believe it should be until late 2017 unless someone buys us out.  I said to him that analysts are saying that a buyout is a sure thing next year.  He laughed and said who knows but managment was going on the assumption that they would take it to production.

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