Intchains Group Ltd V.ICG

Primary Symbol: ICG

Technology Semiconductors

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

Intchains Group Ltd > News or no news...

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Comment by sailorbullon Feb 11, 2016 7:38pm

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Post# 24550461

RE:RE:RE:RE:RE:RE:RE:RE:RE:News or no news...

Hi Newbern,

I understand where you are coming from. However back in 2014, we were told that ICG *should* be in production sometime this year, or at least that's what was alluded to. Fast-forward to today, and there's a continued focus on exploration in order to boost the PEA, and production pushed is now back to 2018 supposedly. In itself very positive obviously, but until they start production, there's no cash flow. We all know how companies without cash flow are being treated on the TSXV. Hence, ICG will be exposed to the intricacies associated with being a penny stock.

So it begs the question; are they really prepping the company for production or do they perhaps have a different agenda?

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