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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

Post by candykidon Jan 02, 2015 12:46am
262 Views
Post# 23278884

Facts of the matter !!

Facts of the matter !!Gentlemen really

Pre 1 for 10 rollback this stock is still trading at 2 cents on a good day. Marine says we could have  billion dollar market cap but if there are 5 billion shares O/S at the time the stock still will trade at 20 cents.  so if you bought 3 years ago at 20 cents and the market cap goes up because they issue way more shares and the stock still trades at 20 cents us shareholders are NO better off.  Except Marine that is for some strange reason.   Management says they got a significant increase to the share price by getting 23 cents. They must think we are pretty stupid as the PP was flow through making the purchasers cost base after the tax savings much less than 20 cents   So tell me where has management given us shareholders any value to date. Remember we once traded as high as 80 cents for a very short time after the rollback. 

Just wondering
Candykid
candykid
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