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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 Jmgreenon Sep 18, 2014 9:48am
128 Views
Post# 22947433

RE:Consolidation and Marine

RE:Consolidation and MarineI can see the value of getting the share price above $1, there are plenty of investment houses who will not invest in companies under $1. But I think most people with any experience in reverse splits have had only bad experiences with them. I would not be entirely opposed to a share consolidation but ONLY on the heels of some good news and share appreciation. There is nothing inherently wrong with reverse splits, except that they send a bad message to the public, however if it was done on a stock that was moving well maybe it wouldn't be seen as such. That being said I would prefer to not have to find out and to have us get to over $1 on the merrits of a strong PEA and resource update. Any guesses as to how much of a increase in ounces we will see? %10, %20, %30...more? 
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